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    OFF-MARKET
    Residential income homes

    6191 Larson Rd, Fountain, MI 49410

    Property ID
    US43-1595832
    Property summary
    AI-generated overview

    This exceptional Michigan lakefront property offers 14 charming cabins, including thirteen two-bedroom and one single-bedroom unit, situated on the pristine shores of Blue Lake. Boasting 500 feet of sandy beach frontage, the resort provides direct lake access and a variety of recreational amenities, including kayaks, paddle boats, and ten fishing boats. Community spaces feature fire pits and picnic tables. The property is the largest unrestricted property on Blue Lake, offering a unique investment opportunity due to its exclusive nature; no other rentals are permitted on the lake. Nearby attractions include scenic hiking trails in Manistee and Ludington. The sale includes two properties: 6191 N Larson Rd and 5858 E Deer Rd, totaling 14 cabins. The asking price is $1,600,100. All information should be verified by the buyer. This is a rare opportunity to acquire a fully operational, established resort with significant potential for growth and profitability in a highly desirable location. The property's unique features, including its size and exclusive rental status, make it a truly exceptional investment.

    Property profile
    Verified
    Property type Residential income homes
    UPID US43-1595832
    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
    Current use
    Occupant on record · Public records
    • Blue Lake Resort Hotel & Motel Resort
    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
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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