Property profile

32544 Bobby Dr Drummond Island, MI 49726

OFF-MARKET
Commercial real estate
Property ID
US43-3772684
Individually Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional turnkey waterfront resort in Drummond, Michigan, presents a unique investment opportunity. The property boasts over 260 feet of direct waterfront access on Maxton Bay, complete with dockage. The main lodge, a beautifully remodeled duplex, comfortably accommodates up to 16 guests, featuring a handicap-accessible first floor sleeping up to 10 and an upper-level apartment with stunning waterfront views. Additional accommodations include four cozy two-bedroom cabins and one spacious three-bedroom cabin. An on-site bait shop provides supplemental income. Situated on scenic Drummond Island, this property is ideal for fishing and boating enthusiasts, offering a tranquil setting and excellent potential for continued growth. The 2,890 square foot property is zoned RESD and features APN 17-006-266-019-00;2 17-006-266-019-25. The asking price is $875,000, translating to $302.77 per square foot. This is a rare chance to acquire a thriving resort business in a highly desirable location. The property's excellent facilities, strategic location, and established clientele promise a rewarding investment and a fulfilling lifestyle.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 006-266-016-00
UPID US43-3772684

Cap rate & NOI

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

Location

32544 Bobby Dr Drummond Island, MI 49726-9546
Drummond Island metro Census 971100 SAULT STE. MARIE, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$160k

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

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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