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Property Facts

Price $750,000
Price Per Room $75,000
Sale Type Investment
Sale Condition Business Value Included
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 4.98 AC
Building Size 2,500 SF
No. Rooms 10
No. Stories 1
Year Built/Renovated 1945/1999
Parking Ratio 6/1,000 SF
Corridor Exterior
Zoning CM

Amenities

  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Fully-Equipped Kitchen
  • Multi-Room Suites

About 11481 MAIN ST , HONOR, MI 49640

Cedar Ridge Cabins is a turnkey, income-producing Northern Michigan cabin resort located in the heart of Benzie County’s high-demand tourism corridor at 11481 & 11443 Main St in Honor, Michigan. Offered at $750,000 for the cabin resort or $950,000 including the optional owner/manager residence, this well-established property features eight updated cabins (five studios and three one-bedroom units) and the optional 3 BR home for a total of 5000 square feet on almost 10 acres with river access at the rear. The cabins offer heat and air conditioning, private decks, picnic tables, WiFi, and select kitchenettes, delivering the classic “Up North” guest experience with modern updates. The property also includes a front office/garage building with potential for retail or expanded operations, a guest game room, and centralized storage and laundry facilities. Extensive improvements from 2015 through 2025 include new roofs, renovated cabins with updated mechanicals and interiors, new decks, flooring, fixtures, and furnishings, supporting a true turnkey operation. The optional residence at 11443 Main St adds flexibility with a 3-bedroom, 1-bath home on 4.23 acres, ideal for owner occupancy, on-site management, or additional rental income. Combined, the properties total nearly 10 acres with multiple revenue streams and room for future expansion. The business benefits from repeat clientele, strong seasonal demand, and an established presence in a proven vacation market. Strategically located between Traverse City and Sleeping Bear Dunes, the property is within minutes of Crystal Lake, Platte Lake, the Platte River, and Lake Michigan, drawing consistent tourism driven by boating, fishing, paddling, and year-round outdoor recreation. This location, combined with strong operational history and flexible zoning, makes Cedar Ridge Cabins an ideal opportunity for an investor, owner-operator, or lifestyle buyer seeking stable income with upside potential in one of Northern Michigan’s most desirable resort markets.

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 10 $205.00 -
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Number
07-508-059-10
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$170,000
  • Listing ID: 39871725

  • Date on Market: 3/23/2026

  • Last Updated:

  • Address: 11481 Main St, Honor, MI 49640

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