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4705 Main Street

Onekama, MI 49675
  • $1,195,000
  • STATUS: Active
  • ON SITE: 247 Days
  • MLS #: 1898088
UPDATED: 65 min ago
$1,195,000
  • 0
    BEDS
  • 0.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,700
    SQFT
  • $178
    $/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 plus a cottage offering great summer vacations. Revenues are anticipated to be $250,000 this year. All rooms have been updated and refurbished. Most of the rooms and cottage have been reserved this summer (room rates are 10% than last year). The lakefront features almost 140 feet, 2 docks 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 over a 13% rate of return on your investment.

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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: 2022-12-05T09:52:13.687.
www.c21northland.com/homes/127299096
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4705 Main Street Onekama, MI 49675

  • Price: $1,195,000
  • Status: Active
  • On Site: 247 Days
  • Updated: 65 min ago
  • MLS #: 1898088
0
Beds
0
Baths
0
½ Baths
0.6
Acres
6,700
SQFT
$178
$/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 plus a cottage offering great summer vacations. Revenues are anticipated to be $250,000 this year. All rooms have been updated and refurbished. Most of the rooms and cottage have been reserved this summer (room rates are 10% than last year). The lakefront features almost 140 feet, 2 docks 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 over a 13% rate of return on your investment.
Exterior Features

Body Of Water Portage Lake Construction BrickFrameManufactured/Hud Exterior Features Log SidingStoneVinyl Foundation Crawl SpaceSlab Lot Dimensions 155 X 100 And 110 X irr Parking Parking LotStreet Parking Road Public Maintained Roof Asphalt Water Front Footage 140

Interior Features

Heating Cooling Type Central AirForced AirWindow Air Conditioner

Property Features

Business Incl Yes Business Name Portage Lake Motel Deeded Waterfront Yes Documents On File Business LicenseLegal Description Eco Features No Extras None Heating Cooling Source Natural Gas Included In Lease Other Inventory Incl Yes Licenses Other Listing Agreement Type Exclusive Right To Sell Location Freestanding 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 26 Sewer Municipal Terms CashCommercial LoanConventional Mortgage Township Onekama Type Hospitality Type Of Ownership Private Owner Univs Design Barrier Free Other Vacant Land No Water Private Well 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: 2022-12-05T09:52:13.687.
 
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