127 Oneida Dr - Hospitality FOR SALE


Houghton Lake, MI 48629
$1,500,000 USD
231-668-6303
127 Oneida Dr, Houghton Lake, MI for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

127 Oneida Dr
Houghton Lake, MI 48629


HIGHLIGHTS

  • 8 Classic Waterfront Cabins
  • 3 BR 1.5 bath waterfront owner home
  • 320 feet of prime sandy beac
  • Additional lot with large pole barn
  • Almost 1.5 acres of park like land
  • Municipal Sewar, New metal roofs, well maintained grounds and building

OVERVIEW

A Rare Northern Michigan Waterfront Lifestyle & Business Opportunity Imagine waking up each morning to panoramic views of Michigan's largest inland lake, watching the sun sparkle across hundreds of feet of sandy shoreline, and enjoying the satisfaction of owning a thriving waterfront hospitality property with a loyal customer base built over generations. Set on nearly 1.5 acres of beautifully maintained, park-like grounds with approximately 320 feet of prime sandy frontage on Houghton Lake, this exceptional property offers a rare combination of lifestyle, income, and long-term investment potential. Opportunities of this caliber seldom become available. The property features eight classic 2-bedroom log cabins, four of which include loft sleeping areas, creating attractive accommodations for families, fishing groups, and vacationers seeking an authentic Northern Michigan experience. In addition, a spacious 1,200+ square foot waterfront home offers three bedrooms, 1.5 baths, and some of the finest views on the property. Whether utilized as an owner's residence or converted into additional rental accommodations, the home represents both a lifestyle enhancement and a significant income opportunity. The waterfront home is perfectly positioned to capture breathtaking lake views from multiple rooms, including a stunning sunroom where guests or owners can relax while overlooking the lake, sandy beach, docks, and grounds. The combination of mature trees, open green space, and expansive water views creates a setting that is truly difficult to duplicate anywhere in Michigan. The business enjoys a long-standing reputation for repeat clientele, family reunions, fishing groups, and returning seasonal guests. The property is traditionally fully occupied throughout June, July, and August, while also generating strong spring and fall rental activity. For an owner wishing to maximize income, the cabins can also accommodate winter guests, taking advantage of Houghton Lake's popularity for ice fishing, snowmobiling, winter festivals, and outdoor recreation. Guests enjoy an extensive list of amenities including: • Approximately 320 feet of sandy lake frontage • Private docks and direct boating access • Shuffleboard courts • Game room • Laundry facilities • Fish cleaning room • Large open lawn and gathering areas • Wi-Fi and cable television • Heated cabins for extended-season use • Excellent swimming, boating, and fishing opportunities Recent improvements include newer roofs on both the cabins and the waterfront home, helping reduce future capital expenditures. Municipal sewer service provides additional convenience and reliability for ownership and operation. The offering also includes an additional lot across the street featuring a 30' x 40' pole barn, providing valuable storage for equipment, boats, maintenance supplies, or future operational needs. Being offered as a turnkey operation, the sale includes furnishings, equipment, business assets, and operational components necessary to continue serving guests from day one. The waterfront home is also partially furnished. Location is another significant advantage. Houghton Lake remains one of Michigan's most recognized recreational destinations, attracting visitors from throughout the Midwest. The property offers convenient access to I-75 while being surrounded by Northern Michigan's endless outdoor activities, including boating, fishing, golfing, snowmobiling, ORV trails, hunting, hiking, state forests, and year-round recreation. Whether your goal is to own a profitable waterfront business, create a family legacy property, or combine Northern Michigan lakefront living with a rewarding income stream, this is a truly unique opportunity. Properties with this combination of sandy frontage, classic log cabins, established rental history, waterfront owner's home, and prime Houghton Lake location rarely come to market.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$375 USD /SF

# OF ROOMS

8

PRICE/ROOM

$187,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fought’s Resort

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1947

PARKING SPACES

16

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,392 SF

ZONING

Commercial

APN/PARCEL ID

008-530-001-0000

ASK ABOUT THIS PROPERTY

Ken WeaverBerkshire Hathaway Home ServicesMore Info
231-668-6303

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Ken WeaverBerkshire Hathaway Home ServicesMore Info
231-668-6303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.