Property summary
This exceptional investment opportunity presents a well-established waterfront cabin resort situated on a 0.98-acre lot in Gladstone, MI. The property boasts six cabins of varying sizes, all fully furnished and equipped for year-round operation, though currently operating seasonally. Built in the 1940s and originally used as a POW camp, these charming cabins have a rich history and have been under the same family ownership since their relocation to the current location. The current owner has cultivated a loyal clientele, evidenced by years of repeat business, and will provide the new owner with a comprehensive guest list and transfer existing reservations for 2025. Amenities include a convenient fish cleaning station, readily available boats and boating equipment for guest use, a communal fire pit, and a private sandy beach perfect for swimming. The property's 3,128 square feet of cabin space offers significant potential for expansion and increased revenue generation through year-round operation. All furniture and furnishings are included in the sale price of $899,000. This turnkey operation presents a rare chance to acquire a profitable and established business with a strong foundation for future growth.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
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