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4871 US-31 16 Room Hotel Eastport, MI 49627 $1,850,000 ($115,625/Room)
EXECUTIVE SUMMARY
Income-earning and living opportunities like this only come along once in a lifetime. Located in one of the most picturesque locations in Michigan, minutes to Torch Lake & Lake Michigan, and a short drive to Elk Rapids or Charlevoix. Situated very close to a beautiful State Park (Barnes) along the shores of Lake Michigan & in proximity to an abundance of restaurants, wineries, vineyards, and orchards. Updated in 2016 with the addition of 6 new standalone cottages and a complete update of the 8 other motel rooms. The highly sought-after and highly reviewed Torch Bay Inn not only features updated and very welcoming rooms, but is also maintained and operated by its owners to make every guest feel like family and provide a relaxing and enjoyable stay. The pride of ownership is abundant from the time you walk in to the time you spend enjoying the patio, gardens, and the gas fire pit seating area. The property features a large 2-bedroom living area that could accommodate a full-time live-in manager or an on-site owner operator, ample parking for guests, an oversized 2 stall garage/workshop, an expanded area for boat trailers & campers, plus enough land to expand the operations for more cabins. Meticulously maintained, and attention to detail went into every aspect of this high-producing gem of a property. Income statements and disclosures are available upon request with a signed NDA.
PROPERTY FACTS
| Price | $1,850,000 | No. Rooms | 16 |
| Price Per Room | $115,625 | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1959/2016 |
| Property Type | Hospitality | Parking Ratio | 7.07/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Size | 5,654 SF | ||
| Zoning | Commercial - Commercial Zoned District | ||
| Price | $1,850,000 |
| Price Per Room | $115,625 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Size | 5,654 SF |
| No. Rooms | 16 |
| No. Stories | 1 |
| Year Built/Renovated | 1959/2016 |
| Parking Ratio | 7.07/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial - Commercial Zoned District |
AMENITIES
- Smoke-Free
- Smoke Detector
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 16 | - | - |
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4871 US-31
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