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

    Onaway, MI 49765
    • $875,000
    • STATUS: Active
    • ON SITE: 35 days
    • MLS #: 1880031
    UPDATED: 54 min ago
    $875,000
    • 0
      BEDS
    • 1.5
      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. Summer 2021 is already almost completely booked! 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: Purchaser must honor the 2021 rental commitments.

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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: 2020-10-23T16:52:03.213.
    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
    • Updated: 54 min ago
    • MLS #: 1880031
    0
    Beds
    10
    Baths
    0
    ½ Baths
    1.5
    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. Summer 2021 is already almost completely booked! 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: Purchaser must honor the 2021 rental commitments.
    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 BlacktopPublic Maintained 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 1031 ExchangeCashConventional MortgageOwner Assist (L/C) Township North Allis Type Mixed Use Type Of Ownership Private Owner Univs Design Barrier Free None Vacant Land No Water Shared Well Zoning Non-Conforming UseResidential



    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: 2020-10-23T16:52:03.213.
     
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