Onekama Twp, MI 49675,4714 Main Street
$550,000
Est.Price: ?

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4,755 SqFt

4714 Main Street Onekama Twp, MI 49675

Est. payment /mo
SOLD DATE : 04/17/2023

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Key Details

Sold Price $550,000

Property Type Commercial

Sub Type Business Opportunity

Listing Status Sold

Purchase Type For Sale

Square Footage 4,755 sqft

Price per Sqft $115

MLS Listing ID 78001329931

Sold Date 04/17/23

Originating Board Aspire North REALTORS®

Year Built 1950

Lot Size 0.380 Acres

Acres 0.38

Lot Dimensions 150 x 100 and 37.5 x 40

Property Description

The famous Portage Lake Motel is available for purchase, located on the shores of Portage Lake with 13 units offering great summer vacations. Revenues are anticipated to be $204,000 this year. All rooms have been updated and refurbished. Most of the rooms have been reserved this summer (room rates are 10% higher than last yr). The lakefront features almost 37 feet, a dock and a nice sandy beach and lake bottom. Visit www.portagelakemotel.com to view all of the rooms and the lakeside cottage. There is an on-site manager and housekeeper so you can purchase and just make a good return on your money or manage it yourself for a great income. The asking price can result in a cash flow providing a 20% rate of return on your investment. There is also a cottage which can be included MLS 22010466

Location

State MI

County Manistee

Area Onekama Twp

Zoning Commercial

Body of Water Portage Lake

Interior

Heating Hot Water

Heat Source Natural Gas

Exterior

Waterfront Description Water Front

Roof Type Asphalt

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Well (Existing)

Structure Type Block/Concrete/Masonry,Frame,Vinyl

Schools

School District Onekama

Others

Tax ID 4145000300

Ownership Private Owned

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Unknown/Data Share Listings

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Realcomp MLS
Listed by Chuck D Smith of REMAX Bayshore - Manistee
Bought with REMAX Bayshore - Manistee

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TAMARA FIEMA

Managing Broker/Owner | License ID: 318436

+1(248) 302-1777

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