214 Main Street, Lake Twp, MI 49651 - MLS#77080050056

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Jay Fontaine

jay@fontainerealtyteam.com +1(734) 718-7425

$1,100,000

Est. payment - /mo

6,554 SqFt

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UPDATED:

10/07/2024 05:12 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,554 sqft

Price per Sqft $167

MLS Listing ID 77080050056

Originating Board Northeastern Michigan Board of REALTORS�

Year Built 1965

Lot Size 0.500 Acres

Acres 0.5

Lot Dimensions 179x122x172x148

Property Description

Discover the perfect investment opportunity with the Lake View Motel & Gift Shop, family owned and operated for 40 years and situated on the picturesque shores of Lake Missaukee. The only resort remaining on Lake Missaukee, along with the only gas on the lake with easy access via the fuel dock. This property offers 178.5 feet of prime lakefront, complete with a paved boat ramp and gas pump, making it an ideal spot for water enthusiasts and vacationers alike. The property offers 11 immaculate units, each beautifully maintained and thoughtfully decorated, offering guests a comfortable and stylish stay with breathtaking lake views. The charming gift shop is perfect for showcasing local crafts, souvenirs, and essentials. This well-positioned shop complements the motel, creating additional revenue streams and enhancing guest experience. The owner/managerâ�?��?�s apartment is a two bedroom, two bath comfortable residence, providing convenience and privacy while overseeing the operations. Lake View Motel sits immediately adjacent Miltner Park and Public Beach with 100â�?��?�s of feet of beautiful sandy beach. Additional recreational amenities offered directly across the street include Veterans Memorial Park, the public library, tennis, pickleball and basketball courts. This is a unique opportunity to own a well-positioned motel that offers both a serene lakeside setting and proximity to community facilities. Enjoy the lifestyle of lakefront living while managing a profitable business with three revenue streams generated by the motel, gift shop and boat fueling station. Perfect for investors, those looking to expand their real estate portfolio or those simply looking for a lifestyle change. ** The two story motel with seven units was built in 2011; four units attached to the main building were built in 2009; the owners/manager's living area was built in 1987 and the store was updated in appx 2014. All in excellent condition and perfectly maintained.

Location

State MI

County Missaukee

Area Lake Twp

Zoning Commercial

Interior

Heating Forced Air

Heat Source Electric, Natural Gas

Exterior

Waterfront no

Waterfront Description Water Front

Roof Type Asphalt

Building

Foundation Crawl, Slab, Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Frame,Vinyl

Schools

School District Lake City

Others

Tax ID 051-1120-006-00 and 051-1

Ownership Corporate/Relocation

Acceptable Financing Cash, Other, Owner May Carry(Purchase Money Mortgage)

Listing Terms Cash, Other, Owner May Carry(Purchase Money Mortgage)

Financing Cash,Other,Owner May Carry(Purchase Money Mortgage)

Special Listing Condition Unknown/Data Share Listings

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Listed by RUTH CLEMENS of COLDWELL BANKER SCHMIDT REALTORS-HL

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Jay Fontaine

+1(734) 718-7425

Broker | License ID: 370315

Broker License ID: 370315

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