$685,000 SALE
5,000 SF
1401 N M-88
Central Lake, MI 49622

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.

Property Type Commercial-Other
Year Built 1960
Listing ID KXJ9EX
MLS ID 1906582
Style Other Style
Building Size 5,000 SF
Area Description

Directions: South on M-88 from downtown Central Lake, property will be on your right.

Property Features
Exterior Description: Stone, Wood Siding, Wood Frame, Concrete Block
Road Type: City / Town Street
Heating Type: Baseboard
Fireplace Description: Electric
Water: Well
Heating - Fuel Type: Gas
Roof: Asphalt Shingle Roof

Thank you for requesting a property evaluation. A Coldwell Banker Commercial professional will be in touch with you soon.