Property profile

1 Northern Michigan Traverse City, MI 49686

OFF-MARKET
Hospitality properties
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Hospitality properties

Cap rate & NOI

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

Location

1 Northern Michigan Traverse City, MI 49686
Traverse City metro
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Value estimations

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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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