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    Central Lake, MI
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    Central Lake, MI Motels for Sale

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    Motel with Standalone Cottages
    Updated: Sep 5, 2025
    Motel with Standalone Cottages

    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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    Hotel and Cottage Property
    Updated: Aug 31, 2025
    Hotel and Cottage Property

    Central Lake, MI 49622

    $1,850,000
    Updated in 2016 with 6 new standalone cottages plus refreshed motel rooms
    On‑site 2‑bedroom living area that could support a live‑in manager or owner‑operator
    Torch Bay Inn offers an on‑site rental operation with income statements/disclosures available with signed NDA
    Oversized 2‑stall garage/workshop and ample guest parking
    Expanded area for boat trailers and campers
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Central Lake, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    Grand Traverse Motel For Sale
    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.

    View details
    Motel with On-Site Café
    Motel with On-Site Café

    7097 S Dunns Farm Road, Maple City, MI 49664

    $1,150,000
    4,957 sqft 5.90 AC lot

    Eight-room lodging property includes owner or caretaker quarters and a seasonal food-service operation.

    View details
    Four-Season Resort with River Frontage
    Four-Season Resort with River Frontage

    6841 Brown Bridge Road, Traverse City, MI 49696

    $3,500,000
    10,404 sqft 40.00 AC lot

    Ranch Rudolf offers 15 motel units, a full-service restaurant, and 1,300 feet of private Boardman River frontage.

    View details
    Boutique Motel with On-Site Cafe
    Boutique Motel with On-Site Cafe

    7097 S Dunns Farm Road, Maple City, MI 49664

    $1,150,000
    4,957 sqft 5.90 AC lot

    Updated in 2024, this 8-room boutique motel includes a cafe and in-room HVAC, plus an on-site apartment.

    View details

    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
    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.

    View details

    Central Lake, MI Motels Market Trends and Statistics

    Explore 2 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 $3,700,000.

    Sale prices for motels in Central Lake, MI average $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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 4
    Motels 2
    Bed & breakfasts 1

    Demographics Overview

    Population 2,646
    Population Growth (5Y) +5.4%
    Median Household Income $66,618
    College Educated 40.3%

    High-Yield Neighborhoods for Investment

    Identify Central Lake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49622 $1.9M

    Taxes & Financing

    Tax Rate (average for all types) 1.41%
    Property Tax per SF $21.40 per SF
    Tax Rate vs County Average 0.91 pp below county avg
    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Antrim County

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