Central Lake, MI Motels for sale

Updated: Sep 5, 2025

Motel and Cottage Hospitality Property

4871 US Highway 31 N, Central Lake, MI 49622

$1,850,000

5,654 sqft · 2.76 AC lot

Updated in 2016 with 6 new standalone cottages and complete updates to 8 motel rooms
Torch Bay Inn includes a large 2‑bedroom living area for a live‑in manager or owner‑operator
Multiple bathroom rooms included (Bathroom 1–15 listed)
Forced‑air heating with central air and wall units; Broadband internet
Natural gas available; roof type: composition

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Central Lake, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Four-Season Resort in Traverse City

6841 Brown Bridge Road, Traverse City, MI 49696

$3,500,000

10,404 sqft · 40.00 AC lot

40-acre resort with lodging, dining, recreation, and event hosting.

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Turnkey Income Property with On-Site Living

615 S I 75 Business Loop, Grayling, MI 49738

$779,000

15,026 sqft · 25.00 AC lot

Diversified income property featuring apartments, motel, and commercial building.

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Grand Traverse Motel For Sale

1010 E Front Street, Traverse City, MI 49686

$2,300,000

8,062 sqft · 0.49 AC lot

Well-located 18-room motel near downtown Traverse City.

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Well-Maintained Motel in Grayling, MI

1024 I-75 Business, Grayling, MI 49738

$694,900

10,261 sqft · 4.86 AC lot

22-unit motel on 4.86 acres near I-75.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Waterfront Buildable Land

6785 Fouch Road, Traverse City, MI 49684

$250,000

2.69 AC lot

Buildable waterfront lot with an existing pole building, paved drive, and utilities in place for a range of uses.

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Commercially Zoned Corner Land

7900,7990,7996 N Alger Road, Alma, MI 48801

$2,100,000

8.00 AC lot

Large commercial parcel with utilities on site and strong expressway visibility for restaurant, lodging, and complementary uses.

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High-Visibility Highway Commercial Land

Blue Star Highway lot: 2, Fennville, MI 49408

$300,000

2.75 AC lot

Cleared highway exit land in a C-3 district for a range of commercial and service uses.

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Prime Corner Commercial Land Available

7125 N LILLEY Road, Canton Twp, MI 48187

$550,000

0.60 AC lot

0.60-acre vacant lot on a hard corner in Canton.

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Central Lake, MI Motels Market Trends and Statistics

Explore 1 motels for sale in Central Lake, MI on our real estate platform. These investment opportunities span a total of 5,654 square feet of properties for sale, with an estimated market value of $1,850,000.

Sale prices for motels in Central Lake, MI start at $1,850,000, averaging $1,850,000, and reaching up to $1,850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49622	$1.9M

Neighborhood

Average Price

49622

$1.9M

Central Lake, MI Motels for Sale

4871 US Highway 31 N, Central Lake, MI 49622