4871 U.S. 31 - Hospitality FOR SALE


Eastport, MI 49627
$1,850,000 USD
616-250-6751
4871 U.S. 31, Eastport, MI for Sale
$1,850,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

4871 U.S. 31
Eastport, MI 49627


OVERVIEW

Income-earning and living opportunities like this only come along once in a lifetime. Located in one of the most picturesque locations in Michigan, minutes to Torch Lake & Lake Michigan, and a short drive to Elk Rapids or Charlevoix. Situated very close to a beautiful State Park (Barnes) along the shores of Lake Michigan & in proximity to an abundance of restaurants, wineries, vineyards, and orchards. Updated in 2016 with the addition of 6 new standalone cottages and a complete update of the 8 other motel rooms. The highly sought-after and highly reviewed Torch Bay Inn not only features updated and very welcoming rooms, but is also maintained and operated by its owners to make every guest feel like family and provide a relaxing and enjoyable stay. The pride of ownership is abundant from the time you walk in to the time you spend enjoying the patio, gardens, and the gas fire pit seating area. The property features a large 2-bedroom living area that could accommodate a full-time live-in manager or an on-site owner operator, ample parking for guests, an oversized 2 stall garage/workshop, an expanded area for boat trailers & campers, plus enough land to expand the operations for more cabins. Meticulously maintained, and attention to detail went into every aspect of this high-producing gem of a property. Income statements and disclosures are available upon request with a signed NDA. More pictures and video will be uploaded on Sept 15, 2025. Stay tuned for an incredible tour.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$242 USD /SF

# OF ROOMS

20

PRICE/ROOM

$92,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Torch Bay Inn & Cottages

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

33

LAND DETAILS

LAND ACRES

2.35 AC

LAND SF

102,550 SF

ZONING

Commercial

APN/PARCEL ID

05-14-312-017-11

ASK ABOUT THIS PROPERTY

Tom RumbleeXp RealtyMore Info
616-250-6751

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Tom RumbleeXp RealtyMore Info
616-250-6751

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