12731 Boyne City RdCharlevoix, MI 49720-1684

Property Details for 12731 Boyne City Rd

Property size (Sq ft)

2,970 SF

Property type

Other commercial real estate

APN

004-024-004-10

APU

402400410

Description

This exceptional investment opportunity presents the Charleboyne Motel, a well-established roadside motel located at 12731 Boyne City Road in Charlevoix, Michigan, 49720-1684. Built in the early 1950s, this charming property boasts eleven guest units, providing consistent rental income for over half a century. The motel also includes owner's living quarters, a convenient two-car garage, and an office, enhancing both operational efficiency and personal comfort. The property's strategic location offers significant advantages. Situated just off busy US-31 and boasting over 530 feet of frontage on Boyne City/Charlevoix Road, it benefits from high visibility and easy accessibility for travelers. The land itself comprises two parcels: one commercially zoned and one vacant residential lot, presenting potential for future development or expansion. The asking price for this unique property is $749,900. This represents a rare chance to acquire a piece of Charlevoix history with significant income potential and substantial road frontage. The property's established reputation and prime location make it an attractive investment for those seeking a turn-key operation or a development opportunity with considerable upside. The motel's enduring appeal and its location on a major thoroughfare ensure continued strong performance.

• Alternative Use

  Use

  Valuation

  Residential

  $620,896

  Hospitality

  $568,737

  Educational

  $473,183

  Medical

  $489,456

  Retail

  $736,062

Location Insight

City

Charlevoix

County

Charlevoix

State

Michigan

Latitude

45.329

Longitude

-85.224

Property Tax & Assessments

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