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4714 Main Street

Onekama, MI 49675
  • $649,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 1898687
UPDATED: 195 min ago
$649,000
  • 0
    BEDS
  • 0.38
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,755
    SQFT
  • $136
    $/SQFT
Neighborhood:
N/A
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

The famous Portage Lake Motel is available for purchase, located on the shores of Portage Lake with 13 units offering great summer vacations. Revenues are anticipated to be $204,000 this year. All rooms have been updated and refurbished. Most of the rooms have been reserved this summer (room rates are 10% higher than last yr). The lakefront features almost 37 feet, a dock and a nice sandy beach and lake bottom. Visit www.portagelakemotel.com to view all of the rooms and the lakeside cottage. There is an on-site manager and housekeeper so you can purchase and just make a good return on your money or manage it yourself for a great income. The asking price can result in a cash flow providing a 20% rate of return on your investment. There is also a cottage which can be included MLS 22010466

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-05-23T23:52:29.367.
www.housestraversecity.com/homes/127835401
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4714 Main Street Onekama, MI 49675

  • Price: $649,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 195 min ago
  • MLS #: 1898687
0
Beds
0
Baths
0
½ Baths
0.38
Acres
4,755
SQFT
$136
$/SQFT
1950
Built
Neighborhood:
N/A
County:
Manistee
Area:
Manistee
Property Description
The famous Portage Lake Motel is available for purchase, located on the shores of Portage Lake with 13 units offering great summer vacations. Revenues are anticipated to be $204,000 this year. All rooms have been updated and refurbished. Most of the rooms have been reserved this summer (room rates are 10% higher than last yr). The lakefront features almost 37 feet, a dock and a nice sandy beach and lake bottom. Visit www.portagelakemotel.com to view all of the rooms and the lakeside cottage. There is an on-site manager and housekeeper so you can purchase and just make a good return on your money or manage it yourself for a great income. The asking price can result in a cash flow providing a 20% rate of return on your investment. There is also a cottage which can be included MLS 22010466
Exterior Features

Body Of Water Portage Lake Construction BlockFrame Exterior Features VinylBrick Foundation Slab Lot Dimensions 150 X 100 And 37.5 X 40 Parking Parking Lot Road BlacktopPublic Maintained Roof Asphalt Water Front Footage 37

Interior Features

Heating Cooling Type Hot Water

Property Features

Business Incl Yes Business Name Portage Lake Motel Deeded Waterfront Yes Documents On File FinancialLegal Description Eco Features No Extras Other Heating Cooling Source Natural Gas Included In Lease None Inventory Incl Yes Licenses Other Listing Agreement Type Exclusive Right To Sell Location Freestanding Percent Of Remodel 90 Possession At Closing Present Use Recreational/Resort Private Shared Private Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 22 Sewer Municipal Terms CashCommercial LoanConventional Mortgage Township Onekama Type Hospitality Type Of Ownership Private Owner Univs Design Barrier Free Main Floor AccessCovered Entrance Vacant Land No Water Private Well Year Remodeled 2020 Zoning Commercial

Listing information © 2022 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Remax Bayshore - Manistee: 231-887-4777.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2022 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2022-05-23T23:52:29.367.
 
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Team Dakoske | RE/MAX Bayshore
500 S. Union
Traverse City MI, 49684