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    OFF-MARKET
    Hotels

    7800 Channel Dr, Harsens Island, MI 48028-9517

    26,948 SF 5.02 ac lot Built 1903
    Entity Owned Free & Clear
    Property ID
    US43-4555883
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a vacant 40,000 square foot retail property situated on 6.27 acres of prime waterfront land in Harsens Island, Michigan. The property, formerly the Idle Hour Yacht Club, boasts 383 feet of frontage directly on the South Channel, overlooking Walpole Island. Features include two entry canals, 52 boat wells with power hookups, steel seawalls, and a resort liquor license currently in escrow. The substantial building encompasses multiple hotel rooms and apartments, suites, a commercial kitchen, large dining area, entertainment/banquet area, full-size bar, and walk-in cooler. Large freshwater storage tanks support kitchen, restaurant, and bathroom facilities. Ample parking is available. The property includes an engineered septic field and a current lease agreement with U.S. Customs and Border Patrol for use of a Homeland Security tower, providing a consistent income stream. The property consists of two parcels with two separate driveways. The building's exterior is constructed of aluminum and vinyl. The foundation is slab, and utilities include natural gas and a well/septic system. Winter taxes are $5,282, and summer taxes are $14,660. This iconic landmark presents a unique opportunity for redevelopment or continued operation as a marina and hotel/motel. The asking price is $1,499,999.

    Property profile
    Verified
    Property type Hotels
    Use group HOTEL
    Year built 1903
    Total area 26,948 SF
    Lot 5.02 ac (218,497 SF)
    Zoning code C-3
    APN 74-14-847-0275-000
    UPID US43-4555883
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Mtodd Enterprises LLC
    Mtodd Enterprises LLC
    since 2025
    3 recorded transactions
    2025
    2025
    2019
    Zoning & alternative use
    C-3 · Harsens Island, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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