4871, US Highway 31, Central Lake, MI, 49622
- 15 baths
Basics
- Date added: Added 1 day ago
- Category: Commercial Sale
- Type: Business
- Status: Active
- Bathrooms: 15
- Lot size: 2.76 sq ft
- Year built: 1952
- Bathrooms Full: 15
- Lot Size Acres: 2.76 acres
- Business Name: Torch Bay Inn
- Business Type: Other
- County: Antrim
- MLS ID: 25046291
Description
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Description:
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.
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Location
- Directions: North of Elk Rapids or South of Charlevoix US-31
Building Details
- Building Area Total: 5654 sq ft
- Number Of Units Total: 15
- Heating: Forced Air
- StoriesTotal: 5654
- Roof: Composition
- Foundation Details: Slab
- Number Of Buildings: 8
Amenities & Features
- Parking Total: 50
- Inclusions: Real Estate, Inventory, Furniture
- Utilities: Natural Gas Available, Electricity Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
- WaterSource: Private Water
- Interior Features: Broadband
- Cooling: Central Air, Wall Unit(s)
Fees & Taxes
- Tax Assessed Value: $290,449
- Tax Year: 2024
- Tax Annual Amount: $9,000
School Information
- High School District: Central Lake
Miscellaneous
- Road Surface Type: Paved
- CrossStreet: Barnes Park Rd (88) / US 31
- Listing Terms: Conventional, Cash