Property profile

9117 M-37 Baldwin, MI 49304

OFF-MARKET
Hospitality properties
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Property summary

AI-generated overview

This exceptional turnkey business opportunity in Baldwin, Michigan, presents a profitable Canoe and Kayak Livery combined with a small RV park. Located on M-37 in Lake County, this Class A property boasts seven RV sites, each equipped with full hookups (electric, water, and sewer). The sale includes the real estate, encompassing an office, store, restrooms, and a maintenance building. All necessary equipment is included: maintenance equipment, trucks, trailers, canoes, kayaks, rafts, and tubes. The business also offers river rafting and a car spotting service, contributing to its strong financial performance. The property enjoys a prime location adjacent to one of Michigan's premier rivers, ensuring consistent customer traffic. Financial records demonstrate a 16% capitalization rate, with projections indicating continued growth. The asking price for this well-established and highly profitable business is $1,200,000, representing $171,428.57 per unit. This is a rare opportunity to acquire a thriving, established business with significant growth potential in a desirable location. The property is ready for immediate operation, offering a seamless transition for new ownership. Detailed financial information is available upon request. The zip code is 49304.

Property profile

Verified
Property type Hospitality properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9117 M-37 Baldwin, MI 49304
Baldwin metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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