Property Listing No Longer Available for Sale

1401 N M-88, Central Lake, MI

Others for Sale - $735,000 - 5,000 Sq. Ft.


Property Info

CIMLS#1135013
Location
  1401 N M-88
  Central Lake MI 49622
UpdatedFebruary 28th, 2023
TypeOthers
Price$735,000
Building5,000 Sq. Ft.

Property Description

Unique opportunity to acquire a 10-unit motel on close to 3 acres, only 1 mile from downtown Central Lake and Intermediate Lake access. The main building features 8 motel rooms, with a separate 3 bed, 2 bath apartment in the middle. The apartment space has potential to be converted into a main lobby area with an owner's quarters on the back, or the whole thing could be turned into two more rental units. There are two additional buildings on the property as well, including a pole barn and a separate building that is currently built out as a yoga studio. The back section of the property features a relatively steep hill that could potentially be used to expand recreational activities offered on the property. This has a lot of potential for an entrepreneurial investor. Financial information available with signed confidentiality agreement.


Financials


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