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    905 Forest Avenue

    Frankfort, MI 49635
    • $865,000
    • STATUS: Active
    • ON SITE: 35 days
    • MLS #: 1878591
    UPDATED: 25 min ago
    $865,000
    • 0
      BEDS
    • 0.57
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,273
      SQFT
    • $164
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1940
    County:
    Area:

    School Ratings & Info

    Description

    Turnkey lodging property in beautiful downtown Frankfort on M22. Owner retiring. Includes 14 tastefully decorated rooms with heat, a/c, flat screen TVs, and microwave plus a 440 sf cabin with kitchen. Also includes a remodeled 2BR/1.5BA house with deck and basement storage currently used as an owners residence, but could be rented for additional income. A short walk to downtown shopping, restaurants, movie theater and a sandy Lake Michigan beach. Close to the Betsie Valley bike trail, public boat launch with Lake Michigan access, marina, Crystal Lake and Sleeping Bear National Lakeshore. Listed at 17% cap rate based on 2019 financials. Strong growth trend with a 26% increase in 2019 revenue and a record July/August 2020. Owner has made ongoing improvements (see documents). Currently open April through October. Up North living at its best!

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    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-09-18T08:51:57.523.
    www.housestraversecity.com/homes/108833256
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    905 Forest Avenue Frankfort, MI 49635

    • Price: $865,000
    • Status: Active
    • Updated: 25 min ago
    • MLS #: 1878591
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.57
    Acres
    5,273
    SQFT
    $164
    $/SQFT
    1940
    Built
    Neighborhood:
    None
    County:
    Benzie
    Area:
    Benzie
    Property Description
    Turnkey lodging property in beautiful downtown Frankfort on M22. Owner retiring. Includes 14 tastefully decorated rooms with heat, a/c, flat screen TVs, and microwave plus a 440 sf cabin with kitchen. Also includes a remodeled 2BR/1.5BA house with deck and basement storage currently used as an owners residence, but could be rented for additional income. A short walk to downtown shopping, restaurants, movie theater and a sandy Lake Michigan beach. Close to the Betsie Valley bike trail, public boat launch with Lake Michigan access, marina, Crystal Lake and Sleeping Bear National Lakeshore. Listed at 17% cap rate based on 2019 financials. Strong growth trend with a 26% increase in 2019 revenue and a record July/August 2020. Owner has made ongoing improvements (see documents). Currently open April through October. Up North living at its best!
    Exterior Features

    Construction Frame Exterior Features VinylWoodStone Foundation SlabStoneMichigan BasementEntrance Outside Lot Dimensions 150 X 166 Parking Common Road Public Maintained Roof Asphalt

    Interior Features

    Heating Cooling Type Forced AirOtherWindow Air Conditioner

    Property Features

    Business Incl Yes Business Name Bay Point Lodging Deeded Waterfront No Documents On File None Eco Features No Extras Furniture/FixturesOther Heating Cooling Source Mutiple UnitsNatural Gas Included In Lease None Inventory Incl Yes Licenses None Listing Agreement Type Exclusive Right To Sell Location Corner Lot Possession At Closing Present Use Recreational/Resort Sale Or Lease For Sale Sale Rent For Sale Section Number 22 Sewer Municipal Terms Conventional MortgageCommercial LoanCash Township Frankfort Type Hospitality Type Of Ownership Private Owner Univs Design Barrier Free No Steps EntryCovered Entrance Vacant Land No Water Municipal Water Year Remodeled 2005 Zoning Residential



    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-09-18T08:51:57.523.
     
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