7103 Lake View Rdg - Residential Income FOR SALE


Lake Ann, MI 49650
$2,500,000 USD
231-620-2418
7103 Lake View Rdg, Lake Ann, MI for Sale
$2,500,000 USD
Residential Income - FOR SALE
1/63
null | Request Cap Rate

7103 Lake View Rdg
Lake Ann, MI 49650


HIGHLIGHTS

  • Private Sandy Beach
  • Attached Owner's Residence
  • Studio-style Guest Suites

OVERVIEW

Exceptional opportunity to own a modern bed & breakfast on more than 5.5 private wooded acres with 402 feet of water frontage on Lake View, a peaceful no-wake lake. This thoughtfully designed retreat blends natural beauty with contemporary Scandinavian style. Located just one minute from Lake Ann and 15 minutes from Lake Michigan and Sleeping Bear Dunes National Lakeshore, the property offers convenient access to beaches, trails, wineries, breweries, and year-round recreation while maintaining exceptional privacy. The B&B features four identical studio-style guest suites with in-floor heat and high-end finishes, centered around a welcoming lounge where guests gather and relax. A separate guest parking area provides ample parking and easy access. The wooded grounds offer walking trails, abundant wildlife, and expansive private shoreline ideal for kayaking, paddleboarding, and lakeside enjoyment. A charming beach cabana near the water provides additional sleeping space for up to four. The attached owner’s residence includes a main-level kitchen, living room, primary bedroom, bathroom, and heated 30x24 garage with workbench, dog wash sink, and an epoxy-sealed floor. The finished lower level offers two flex rooms, a bathroom, and a spacious living area with walkout French doors to a patio. It is also plumbed for a future kitchen, offering potential for a private guest suite or multi-generational living. The property is properly split for potential future development, and Almira Township allows accessory dwellings, providing long-term flexibility and upside. Whether continuing as a successful bed & breakfast, creating a private family compound, or exploring expansion opportunities, this unique lakefront property offers exceptional versatility in a prime Northern Michigan setting.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$635 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Ridge

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.63 AC

LAND SF

245,243 SF

ZONING

-

APN/PARCEL ID

01-015-023-06

ASK ABOUT THIS PROPERTY

Mark HaganColdwell Banker Schmidt RealtorsMore Info
231-620-2418

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Mark HaganColdwell Banker Schmidt RealtorsMore Info
231-620-2418

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