Individually Owned 
For Sale
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Property summary
Embrace this exceptional opportunity to acquire the established Shoestring Resort, a charming 1960s-style retreat nestled on 38.54 acres of tranquil Michigan landscape in Traverse City. This turnkey operation includes 19 rental units offering diverse accommodations: 10 cabins, 7 manufactured homes, 1 studio apartment, and 1 cottage, catering to a variety of traveler preferences. The property also boasts a comfortable 4-bedroom, 2-bathroom owner/manager home, ideal for on-site living. This beloved resort, operating successfully for over 30 years, provides a unique blend of vintage charm and modern comfort, offering guests a chance to reconnect with nature. Conveniently located near the Brown Bridge Quiet Area Trailhead (5-minute drive) and just a block from the Boardman River, this property presents a rare chance to own a piece of history and continue its legacy of providing unforgettable vacation experiences. The asking price is $1,115,000. The total square footage is 11,816. Access detailed zoning information at www.eastbaytwp.org. Please respect the privacy of employees, tenants, and guests by arranging a private showing and refraining from on-site discussions regarding this listing or the business.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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