Property profile

768 MAPES RD Luzerne, MI 48636

OFF-MARKET
Commercial (General)
Property ID
US43-4187202
2.52 ac lot
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Property summary

AI-generated overview

The property is a destination-style hospitality facility located between Luzerne and Mio, Michigan, historically operating as “The Lost Creek Sky Ranch” with entertainment venues and a rustic bar and restaurant. It comprises a 9,216-square-foot building on 2.52 acres and includes an owner’s suite plus nine guest rooms, each with a full bathroom. The property has undergone recent improvements that include new decks, a replaced roof, updated mechanical systems, and refreshed guest/room updates. A kitchen area was removed in 2025, while the remaining kitchen space is configured to be outfitted for another food-service operation. The grounds provide open outdoor space and views, and the property is adjacent to Lost Creek Airport, supporting use as a fly-in retreat or private club setting, including potential for owner-occupied restaurant/inn or business retreat use.

Property profile

Verified
Property type Commercial (General)
Lot 2.52 ac (109,771 SF)
APN 001-307-007-30
UPID US43-4187202

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Parking Lot & Garage

Location

768 MAPES RD Luzerne, MI 48636
Luzerne metro
Google Maps

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
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Owner & transaction history

since 2024
Last sale
$250,000
1 recorded transaction
2024
$250,000
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