731 S Camp 10 Rd - Hospitality FOR SALE


Mio, MI 48647
$650,000 USD
231-668-6303
731 S Camp 10 Rd, Mio, MI for Sale
$650,000 USD
Hospitality - FOR SALE
1/24
null | 10% Cap Rate

731 S Camp 10 Rd
Mio, MI 48647


OVERVIEW

Rainbow Resort Cabins & Canoe Livery presents a rare opportunity to own an established Northern Michigan resort and outdoor recreation business in the heart of the Au Sable River country near Mio. The property offers an appealing combination of real estate, lodging, recreation and business income. The resort includes seven unique guest cabins situated across three parcels, along with a spacious 3-bedroom, 2-bath owner’s home providing the opportunity to live on site while operating the business. Additional improvements include a pole barn, attractive office and retail store, equipment and support areas for the livery operation, and inviting outdoor spaces that capture the classic Up North resort atmosphere. The seven cabins provide accommodations for couples, families and groups, with individual outdoor areas, grills, picnic tables and firepits. Guests come to Rainbow Resort to enjoy the relaxed wooded setting, campfires, fishing and the many recreational opportunities surrounding the Au Sable River. An important part of the operation is the established Rainbow Resort Canoe Livery, offering canoe, kayak and tubing trips on the Au Sable River. The livery serves both resort guests and the general public, providing an additional revenue stream beyond cabin rentals. River transportation and access are an established part of the operation, with certain river-access property utilized under lease. The office and retail store add another dimension to the business, offering Au Sable River apparel, souvenirs, outdoor and fishing supplies, and everyday items for resort and river customers. This is much more than a seven-cabin resort. Rainbow Resort combines lodging, canoe and kayak rentals, river trips, retail sales and an owner residence into one established recreational business. The multiple income sources also provide opportunities for a new owner to continue the existing operation while exploring additional marketing, group business, events and other ways to grow revenue. Located just outside Mio in one of Michigan's best-known outdoor recreation areas, the resort benefits from the tremendous draw of the Au Sable River and the surrounding Northern Michigan forests. Fishing, paddling, tubing, hunting and outdoor recreation bring visitors to the area throughout the season. For a buyer looking for an established Northern Michigan hospitality and recreation business with real estate, multiple revenue streams and an exceptional outdoor setting, Rainbow Resort is a unique opportunity to own a business built around the Au Sable River lifestyle.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$91 USD /SF

# OF ROOMS

7

PRICE/ROOM

$92,857 {currency}

CAP RATE

10%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cabin Resort and Livery in Mio Michigan

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1937

PARKING SPACES

11

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

-

APN/PARCEL ID

00131001200,00131001300,00131001400

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.