5961 Oslo St - Residential Income FOR SALE


Williamsburg, MI 49690
$14,900,000 USD
231-342-3232
5961 Oslo St, Williamsburg, MI for Sale
$14,900,000 USD
Residential Income - FOR SALE
1/9
null | Request Cap Rate

5961 Oslo St
Williamsburg, MI 49690


HIGHLIGHTS

  • Privately Maintained, Cul-de-Sac.

OVERVIEW

Presenting KOTI, the Finnish word for "home", a rare investment opportunity in one of Michigan’s premier vacation destinations. This Scandinavian-inspired resort spans approximately 18 acres of pristine Northern Michigan landscape, situated just a ¼ mile from the East Arm of Grand Traverse Bay and within minutes to downtown Traverse City. KOTI’s unique design and location make it the ideal spot for everything from quiet getaways to family vacations, reunions, and more. The planned community includes up to 76 stand-alone cottages, each featuring the signature elements of Scandinavian design: warm functionality, simplicity, and beauty. With both 2- and 3-bedroom options, the cabins are designed to blend comfort with style, creating an inviting atmosphere for all guests. To date, 21 cottages have been completed and are currently being leased, generating close to $700,000 in rental income annually. Also included is a fully renovated restaurant with liquor license and a Class C SDM, allowing for the sale of packaged wine and beer, as well as a 13,000 sq ft event center, a 4,500 sq ft commercial kitchen, and a 1,000 sq ft visitor center/store with an office. Additionally, this property is pre-approved for an expanded mixed-use complex with up to 120,000 sq ft for hotel, condo, office, and retail spaces. With roads, utilities, walkways, and bridges already in place, KOTI is ready for the next stage of development. Located near premier attractions like Grand Traverse Resort & Spa, Turtle Creek Hotel & Casino, and Flint Fields, KOTI is uniquely positioned to become one of Michigan’s most distinctive vacation rental resort communities. Capture this once-in-a-lifetime chance to invest in a truly exceptional destination that showcases the best of Scandinavian-inspired design, Northern Michigan hospitality, and breathtaking natural surroundings.

FOR SALE DETAILS

PRICE

$14,900,000 USD

PRICE/SF

$745 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

KOTI Vacation Rentals

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

18.34 AC

LAND SF

798,782 SF

ZONING

Commercial

APN/PARCEL ID

01-102-011-01

ASK ABOUT THIS PROPERTY

Robert BrickRE/MAX Bayshore PropertiesMore Info
231-342-3232

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Robert BrickRE/MAX Bayshore PropertiesMore Info
231-342-3232

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