Property profile

17229 Northwood Hwy Arcadia, MI 49613

OFF-MARKET
Investment properties
4,633 SF 0.93 ac lot Built 1960
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Property summary

AI-generated overview

Nestled on scenic M-22, just five blocks from Lake Michigan in Arcadia, Michigan, sits the Pleasant Valley Resort, a profitable turnkey business opportunity priced at $850,000. This well-maintained and continuously improved resort boasts 6 clean and cozy motel rooms and 4 charming cottages, each offering guests comfortable and convenient accommodations. The resort's established online reservation system ensures a reliable stream of repeat customers, simplifying operations and facilitating a smooth transition for new ownership. The property includes a convenient remote check-in capability, enhancing guest experience and operational efficiency. An on-site owner's residence provides the unique opportunity to live amidst the beauty of Northern Michigan, a region renowned for its stunning lakes and rivers, extensive hiking trails, and proximity to world-class recreational amenities. Just a short drive away lies the prestigious Arcadia Bluffs Golf Club, consistently ranked among the nation's top 100 public golf courses, and the four-season recreational destination of Crystal Mountain. This 4,633 square foot resort is situated on a 0.93-acre lot, offering a blend of business potential and idyllic Northern Michigan living within a vibrant and historic community. This is a chance to own a thriving business and experience the best of Pure Michigan.

Property profile

Verified
Property type Investment properties
Year built 1960
Total area 4,633 SF
Lot 0.93 ac (40,511 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

17229 Northwood Hwy Arcadia, MI 49613
Arcadia metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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