9164 Wahl R.55 Ave, Gladstone, MI 49837
Exceptional investment opportunity in Gladstone, Michigan, featuring a six-cabin resort situated on waterfront property at 9164 & 9166 Wahl R.55, zip code 49837. This property, family-owned since its inception, boasts a rich history, with the cabins originally constructed in the 1940s and later relocated to their current idyllic location. The sale includes all furniture and furnishings. Each of the varying-sized cabins is equipped for year-round use, presenting potential for expanded seasonal operation beyond the current successful seasonal business model. The existing business enjoys strong repeat clientele, and the new owner will receive a transferable guest list and existing 2025 reservations. Amenities include a fish cleaning station, boats and boating equipment for guest use, a fire pit, and a private sandy swimming beach. The asking price for this turnkey operation is $899,000. This is a rare opportunity to acquire an established, profitable business with significant growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.