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    32544 Bobby Drummond, MI 49726

    For Sale
    $875,000

    Turnkey resort, exceptional investment.

    Property size:
    2,890 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional turnkey waterfront resort in Drummond, Michigan, presents a unique investment opportunity. The property boasts over 260 feet of direct waterfront access on Maxton Bay, complete with dockage. The main lodge, a beautifully remodeled duplex, comfortably accommodates up to 16 guests, featuring a handicap-accessible first floor sleeping up to 10 and an upper-level apartment with stunning waterfront views. Additional accommodations include four cozy two-bedroom cabins and one spacious three-bedroom cabin. An on-site bait shop provides supplemental income. Situated on scenic Drummond Island, this property is ideal for fishing and boating enthusiasts, offering a tranquil setting and excellent potential for continued growth. The 2,890 square foot property is zoned RESD and features APN 17-006-266-019-00;2 17-006-266-019-25. The asking price is $875,000, translating to $302.77 per square foot. This is a rare chance to acquire a thriving resort business in a highly desirable location. The property's excellent facilities, strategic location, and established clientele promise a rewarding investment and a fulfilling lifestyle.

    Property Features for 32544 Bobby

    General Information

    Property type
    Distribution properties
    Square Feet
    2,890 SF

    HighLights

    • $875,000 asking price for a 2,890 square foot warehouse.
    • Located at 32544 S Bobby, Drummond, MI 49726.
    • Property includes a turnkey waterfront resort with multiple lodging units, a bait shop, and over 260 feet of waterfront on Maxton Bay.
    • Zoned RESD.
    • APN: 17‑006‑266‑019‑00;2 17‑006‑266‑019‑25.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Storage Facility Hotel & Motel Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Drummond
    County
    Chippewa
    State
    Michigan
    Longitude
    -83.6791478
    Latitude
    46.0343835

    Nearby Comparable

    • $799,000
      2,890 SF

      Waterfront Resort on Drummond Island

      Turnkey resort with cabins, lodge, and waterfront access.
      32544 S Bobby Dr, Drummond Island, MI 49726
      View Details
    • $1,700,000
      5,500 SF

      Drummond Island Resort - Turnkey Operation

      Profitable Resort, 8 Units, Lakefront
      32884 Maxton Rd, Drummond, MI 49726
      View Details
    • $1,500,000
      5,500 SF

      Drummond Island Waterfront Resort Opportunity

      Turnkey waterfront resort with RV park, cabins, and owner's residence.
      32884 S Maxton Rd, Drummond Island, MI 49726
      View Details

    Nearby Similar for Sale

    • $1,700,000
      5,500 SF

      Drummond Island Resort - Turnkey Operation

      Profitable Resort, 8 Units, Lakefront
      32884 Maxton Rd, Drummond, MI 49726
      View Details

    FAQs

    What type of property is this?
    Distribution property - Turnkey resort, exceptional investment.
    Where is this distribution property located?
    The property is located at 32544 Bobby Drummond, MI.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: $875,000 asking price for a 2,890 square foot warehouse.; Located at 32544 S Bobby, Drummond, MI 49726.; Property includes a turnkey waterfront resort with multiple lodging units, a bait shop, and over 260 feet of waterfront on Maxton Bay.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32544 Bobby Drummond, MI 49726
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