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214 S Main St
Lake City, MI 49651

$1,100,000 USD

Hotel For Sale  •  6,554 SF

Property Details

  • Property Type Hotel
  • Total Building Size 6,554 SF
  • Lot Size 0.5 AC
  • Building Class C
  • Year Built 1985
  • Zoning C-1
0 Transit Score
47 Walk Score

Description

Discover the perfect investment opportunity with the Lake View Motel & Gift Shop, family owned and operated for 40 years and situated on the picturesque shores of Lake Missaukee. The only resort remaining on Lake Missaukee, along with the only gas on the lake with easy access via the fuel dock. This property offers 178.5 feet of prime lakefront, complete with a paved boat ramp and gas pump, making it an ideal spot for water enthusiasts and vacationers alike. The property offers 11 immaculate units, each beautifully maintained and thoughtfully decorated, offering guests a comfortable and stylish stay with breathtaking lake views. The charming giftshop is perfect for showcasing local crafts, souvenirs, and essentials. This well-positioned shop complements the motel, creating additional revenue streams and enhancing guest experience. The owner/manager’s apartment is a two bedroom, two bath comfortable residence, providing convenience and privacy while overseeing the operations. Lake View Motel sits immediately adjacent Miltner Park and Public Beach with 100’s of feet of beautiful sandy beach. Additional recreational amenities offered directly across the street include Veterans Memorial Park, the public library, tennis, pickleball and basketball courts. This is a unique opportunity to own a well-positioned motel that offers both a serene lakeside setting and proximity to community facilities. Enjoy the lifestyle of lakefront living while managinga profitable business with three revenue streams generated by the motel, gift shop and boat fueling station. Perfect for investors, thoselooking to expand their real estate portfolio or those simply looking for a lifestyle change.

Highlights

The only remaining resort on Lake Missaukee
Three revenue streams, motel, gift shop, boat fuel
Excellent condition with no deferred maintenance

Amenities

  • Balcony
  • On-Site Retail
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Ruth Clemens 989-429-3100 Coldwell Banker SCHMIDT Realtors
Ruth Clemens 989-429-3100 Coldwell Banker SCHMIDT Realtors