You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Hospitality properties

22321 M-123 Trout Lake, MI 49760

18,802 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hospitality properties
Total area 18,802 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 22321 M-123?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message