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4492 Co Road 489 , 1-7+House, Gara

Onaway, MI 49765
  • $875,000
  • STATUS: Active
  • ON SITE: 437 Days
  • MLS #: 1880031
UPDATED: 38 min ago
$875,000
  • 0
    BEDS
  • 1.28
    ACRES
  • 10
    BATHS
  • 0
    1/2 BATHS
  • 7,500
    SQFT
  • $117
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1984
County:
Area:

School Ratings & Info

Description

Tremendous opportunity to own a beachfront resort on one of Northern Michigan's largest inland lakes. Schell's Resort has been owned and operated by Bob & Lynn Schell for 50 years and finally they are considering retirement. Bob & Lynn have established long term relationships with most of their tenants, some that have been coming to the resort for generations. Main home is 3br, 2ba and nearly 2,000 sq ft, comes with a detached heated 2 car garage with bathroom and a 32'x16' pole barn. The 7 adorable cottages (five 3br/1ba, two 2br/1ba) come fully furnished and are in good, clean condition. The resort has almost 600' of waterfront made up of beautiful sandy beach on 10,000+ acre Black Lake, several boat slips on the Rainy River and there's even a private boat launch. This is a fantastic opportunity to own and operate as a resort or for a developer to break up to sell the cottages individually which would be easy to do because most of the structures already sit on their own individually taxed parcel. Note: All 2021 renters with 2022 reservations have been told if the resort sells in 2021 and the new owners do not want to continue renting the cottages in 2022 the renter's deposits will be returned but if the resort sells in 2022 the deposits will be transferred to the new owners and they will be required to honor prior reservations for 2022.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2021 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2021-11-29T09:51:54.427.
www.c21northland.com/homes/110101459
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4492 Co Road 489 , 1-7+House, Gara Onaway, MI 49765

  • Price: $875,000
  • Status: Active
  • On Site: 437 Days
  • Updated: 38 min ago
  • MLS #: 1880031
0
Beds
10
Baths
0
½ Baths
1.28
Acres
7,500
SQFT
$117
$/SQFT
1984
Built
Neighborhood:
Schell's Resort
County:
Presque Isle
Area:
Presque Isle
Property Description
Tremendous opportunity to own a beachfront resort on one of Northern Michigan's largest inland lakes. Schell's Resort has been owned and operated by Bob & Lynn Schell for 50 years and finally they are considering retirement. Bob & Lynn have established long term relationships with most of their tenants, some that have been coming to the resort for generations. Main home is 3br, 2ba and nearly 2,000 sq ft, comes with a detached heated 2 car garage with bathroom and a 32'x16' pole barn. The 7 adorable cottages (five 3br/1ba, two 2br/1ba) come fully furnished and are in good, clean condition. The resort has almost 600' of waterfront made up of beautiful sandy beach on 10,000+ acre Black Lake, several boat slips on the Rainy River and there's even a private boat launch. This is a fantastic opportunity to own and operate as a resort or for a developer to break up to sell the cottages individually which would be easy to do because most of the structures already sit on their own individually taxed parcel. Note: All 2021 renters with 2022 reservations have been told if the resort sells in 2021 and the new owners do not want to continue renting the cottages in 2022 the renter's deposits will be returned but if the resort sells in 2022 the deposits will be transferred to the new owners and they will be required to honor prior reservations for 2022.
Exterior Features

Body Of Water Black Lake Construction Frame Exterior Features VinylWood Foundation Crawl SpaceSlab Lake Size 9999 Acres Lot Dimensions irregular Parking CommonOther Road Public MaintainedBlacktop Roof Asphalt Water Front Footage 600

Interior Features

Heating Cooling Type Forced AirCentral AirSpace Heater

Property Features

Business Incl Yes Business Name Schell's Resort Deeded Waterfront Yes Documents On File Legal Description Eco Features No Extras Overhead Door(S) Heating Cooling Source Mutiple UnitsNatural GasPropane Gas Included In Lease None Inventory Incl Yes Licenses NoneOtherSpecial Use Listing Agreement Type Exclusive Right To Sell Location Other Possession Subject To Tenants Rights Present Use Recreational/ResortBed &Amp; BreakfastMarina Private Shared Private Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 5 Sewer Dry WellPrivate Septic Terms Conventional MortgageCashOwner Assist (L/C)1031 Exchange Township North Allis Type Mixed Use Type Of Ownership Private Owner Univs Design Barrier Free None Vacant Land No Water Shared Well Zoning ResidentialNon-Conforming Use

Listing information © 2021 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Coldwell Banker Schmidt-402: 231-922-2350.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2021 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2021-11-29T09:51:54.427.
 
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