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.
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0BEDS
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2.84ACRES
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10BATHS
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01/2 BATHS
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5,000SQFT
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$137$/SQFT
School Ratings & Info
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.
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2023 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2023-02-02T21:52:14.973.