2287 S Main St - Hospitality FOR SALE


Central Lake, MI 49622
$850,000 USD
231-499-1814
2287 S Main St, Central Lake, MI for Sale
$850,000 USD
Hospitality - FOR SALE
1/43
null | Request Cap Rate

2287 S Main St
Central Lake, MI 49622


OVERVIEW

Bridgewalk Estates, nestled in the heart of Central Lake, is a boutique hotel and event space where rustic charm meets modern comfort. The hotel boasts 5 beautifully decorated suites, each with a private bath, a beautiful sitting room, a piano room, a large dining area, a shared kitchen, and laundry on the premises. The lower level has been thoughtfully reimagined as a speakeasy/barrel room and can host guests on-site or be rented for special events. There is even an owner's suite with a bath located just off the garage, which has all just been remodeled. The whimsical grounds include a Knowles Creek, which meanders through the property, a deck overlooking the area, a fire pit, and various lounging areas. All while being in the heart of Central Lake; walk to stores, Mammoth, and Fudgies. Minutes from a public boat launch and park to enjoy Intermediate Lake. Plus, you are not far from fun neighboring towns like Bellaire, Charlevoix, and Bay Harbor. This successful hotel is currently income-producing but has even more potential to expand its revenue with strategic marketing and event planning. Collaborations in the region with vendors are a key avenue to pursue for new owners. This is a MUST-see to truly understand the beauty and potential of the space. The Hotel comes turn-key with all items included, making this a wonderful opportunity to take the keys and continue bookings throughout the coming seasons.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$266 USD /SF

# OF ROOMS

5

PRICE/ROOM

$170,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bridgewalk Estates Boutique Hotel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1895

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

05-42-100-003-00

ASK ABOUT THIS PROPERTY

Kellie SergentCentury 21 Northland-elk RapidsMore Info
231-499-1814

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Kellie SergentCentury 21 Northland-elk RapidsMore Info
231-499-1814

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