1 Northern Michigan Traverse City, MI 49686
- Hospitality properties
Current Use by Public Records
- Hospitality properties
Property Details for 1 Northern Michigan
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional Northern Michigan business opportunity encompasses a thriving 20-acre cabin resort and canoe livery situated along the renowned AuSable River near Traverse City, MI (zip code 49686). The property includes twelve rental cabins, a substantial owner's home exceeding 3000 square feet, and a well-equipped office/store/maintenance building for the livery operation. Over $550,000 worth of equipment is included in the sale. The resort also boasts two trout ponds and a sandy beach, enhancing its recreational appeal. Conveniently located near I-75, this seasonal business offers easy access to Northern Michigan's attractions and amenities. The property presents a unique blend of a profitable enterprise and a desirable lifestyle, with significant potential for expansion and the benefit of approximately six months of downtime annually. The asking price is $1,400,000. A non-disclosure agreement is required for complete location and detailed information.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.5303
- Latitude
- 44.8474
