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    OFF-MARKET
    Hospitality properties

    1 Northern Michigan, Traverse City, MI 49686

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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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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