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Property profile & analytics
OFF-MARKET
Commercial real estate

11585 Ramsdam Rd Manistique, MI 49854

Individually Owned Free & Clear
Property ID
US43-3265143
Property summary
AI-generated overview

This exceptional investment opportunity presents a thriving multifamily resort nestled on the shores of beautiful Thunder Lake in Manistique, Michigan. The property boasts 100 feet of prime lakefront and encompasses a 3-bedroom, 2,500 square-foot main house, along with four additional private cabins, perfect for short-term rentals. An expansive, nearly 1,500 square-foot lakeside deck enhances the property's appeal. The total square footage of all structures is 4,826 square feet, situated on a 1.09-acre lot. The property is currently generating a strong revenue stream from summer rentals, capitalizing on the region's popularity for outdoor recreation. Visitors are drawn to the area's natural beauty, including the Hiawatha National Forest and Pictured Rocks National Lakeshore, offering abundant opportunities for fishing, hiking, biking, swimming, boating, and exploring lighthouses and waterfalls. The main house provides comfortable on-site living, or can be incorporated into the rental program for increased income potential. Manistique's economic growth is further bolstered by initiatives like InvestUP, which supports local businesses and workforce development, including housing projects. This creates a stable and promising environment for long-term investment growth. The asking price for this turnkey operation is $649,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 004-219-030-00
UPID US43-3265143
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
THUNDER LAKE CABINS A PARTNERSHI
THUNDER LAKE CABINS A PARTNERSHI
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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