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    Central Lake, MI Motels for Sale

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    Ellsworth, MI Eastport, MI Bellaire, MI
    Torch Bay Inn Hospitality Property
    $1,850,000
    5,654 SF

    Torch Bay Inn Hospitality Property

    4871 US Highway 31 N, Central Lake, MI 49622

    Updated motel with cottages near Torch Lake and Lake Michigan.

    • Income‑producing property featuring updated motel rooms and standalone cottages.
    • Includes a convenient 2‑bedroom living area for an on‑site owner/manager.
    • Prime location near Torch Lake, Lake Michigan, and State Park.
    • Expansion potential with land available for additional cabins.
    • Features ample parking, oversized garage/workshop, and boat/camper area.
    Updated: Sep 5, 2025
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    Based on your search, we've compiled 1 Potential Opportunities for your consideration. Besides 1 Active listings in Central Lake, MI, we suggest exploring several alternatives:

    Central Lake, MI Motels Investment Opportunities Market Analysis

    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.

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    Motels 1

    Demographics Overview

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

    High-Yield Neighborhoods for Strategic Investment

    Identify Central Lake submarkets with the highest inventory density on the market and evaluate the median 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 sq ft
    Tax Rate vs County Average 0.91 pp below county avg
    Average Loan-to-Value 65.0%

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