9117 M-37 Baldwin, MI 49304
- Hospitality properties
Current Use by Public Records
- Hospitality properties
Property Details for 9117 M-37
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baldwin
- County
- Lake
- State
- Michigan
- Longitude
- -85.8691
- Latitude
- 43.9264
