1 Northern Michigan, Traverse City, MI 49686
12 Room Hotel | Traverse City, MI 49686 | $1,400,000 ($116,667/Room) | 10% Cap Rate
For Sale
Active
Asking Price $1,400,000
- Property Type
-
Hospitality
- Square Feet
- 6,000 SF
Listing Contacts
Ken Weaver
Property Overview
Check out this 20 acre cabin resort and canoe livery that services the famous AuSable River.
The livery business includes office/store/maintenance building and over $550K in equipment. There are 2 trout ponds with a sandy beach, 12 rental cabins and a 3000 + sq ft owner’s home. Located in a popular recreational area in Northern Michigan, not far from I-75 and many of Northern Michigan’s attractions and amenities.
This is a seasonal business offering an exceptional place to live, a profitable business with lots of opportunity for expansion and 6 months off each year.
Confidential listing requires a signed NDA for location and details.
The livery business includes office/store/maintenance building and over $550K in equipment. There are 2 trout ponds with a sandy beach, 12 rental cabins and a 3000 + sq ft owner’s home. Located in a popular recreational area in Northern Michigan, not far from I-75 and many of Northern Michigan’s attractions and amenities.
This is a seasonal business offering an exceptional place to live, a profitable business with lots of opportunity for expansion and 6 months off each year.
Confidential listing requires a signed NDA for location and details.
Property Details
- Class
- C
- Year Built
- 1943
- Stories
- 1
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 777,546 SF
- Units
- 12
Nearby Properties
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