22321 M-123 Trout Lake, MI 49760
- Hospitality properties
- 18,802 SF
Current Use by Public Records
- Hospitality properties
Property Details for 22321 M-123
- Property size
- 18,802 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 41-room Best Western resort in Trout Lake, Michigan, presents a unique owner/user investment opportunity. Boasting 18,802 square feet across three buildings, this property underwent a complete remodel in 2022, featuring new metal roofs, updated exteriors, windows, blacktop, electrical systems, balconies, drywall, ceilings, and gutters. The resort includes two two-story hotel wings, each room averaging over 240 square feet (22 rooms with two queen beds, 19 with one queen bed). Amenities are extensive, including a 3,528-square-foot pool house with both shallow and deep ends, a 2,640-square-foot restaurant, a conference room with a wood-burning fireplace, a workout/game room, a staff apartment, and a separate 1,476-square-foot, three-bedroom private residence. The property sits on approximately 13 acres of land, offering 10-14 RV parking spaces. Its prime location at the intersection of numerous snowmobile trails in Northern Michigan provides easy access to abundant outdoor recreational activities, including fishing, hunting, swimming, canoeing, and power boating. Nearby attractions include Big Trout Lake, three other area lakes, snowmobile and ATV trails, and Tahquamenon Falls. The property is zoned for resort use and offers potential for a land contract. Asking price is $950,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Trout Lake
- County
- Chippewa
- State
- Michigan
- Longitude
- -84.9952
- Latitude
- 46.183
