10244 Lost Vly Rd Montague, MI 49437-8533

Property Details for 10244 Lost Vly Rd

Lot size

0.76 lot acres

Property size

2,180 SF

Property type

Commercial real estate

APN

61-01-561-000-0032-00

APU

6101561000003200

Description

This exceptional 10-bed motel, the Sky Reef Retreat, presents a compelling value-add investment opportunity in Montague, Michigan. Located at 10244 Lost Valley Rd, 49437, this single-story, 2,180 square foot property sits on a 0.76-acre lot (33,106 sq ft) and boasts 100% occupancy. The motel features a main building with 10 beds, including at least two queen beds, and a large deck offering stunning views. Amenities include a firepit, play area, and gardens. Renovated in 1990, the property is beautifully maintained and enjoys direct beach access to Lake Michigan, with proximity to nearby sand dunes. The current owner utilizes only half the space to break even, indicating significant upside potential through expanded seasonal operation and property expansion. An additional lot is available, ideal for constructing an innkeeper's suite or generating further income streams. The property is zoned commercial and offers owner training and a smooth transition for the new owner. This is a rare chance to acquire a well-established, high-performing motel with substantial growth potential in a desirable lakeside location. Asking price is $725,000 ($332.57/sq ft).