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4707 Main Street

Onekama Vlg, MI 49675
  • $1,195,000
  • STATUS: Active
  • ON SITE: 179 Days
  • ID#: 67022010466
UPDATED: 48 min ago
$1,195,000
  • 0
    BEDS
  • 0.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,700
    SQFT
  • $178
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1950
County:
Area:
Lot Size Dimensions:
150 X 100 And 100 X 140 X 40 X 131

School Ratings & Info

School District:

Description

The famous Portage Lake Motel is available for purchase, located on the shores of Portage Lake with 13 units plus a cottage offering great summer vacations. Revenues are anticipated to be $250,000 this year. All rooms have been updated and refurbished. Most of the rooms and cottage have been reserved this summer (room rates are 10% than last year). The lakefront features almost 140 feet, 2 docks 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 over a 13% rate of return on your investment.

Monthly Payment Calculator



IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Mason Oceana Manistee BOR MLS, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-09-26T20:57:13.443.
www.nexushomesearch.com/homes/127226000
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4707 Main Street Onekama Vlg, MI 49675

  • Price: $1,195,000
  • Status: Active
  • On Site: 179 Days
  • Updated: 48 min ago
  • ID#: 67022010466
0
Beds
0
Baths
0
½ Baths
0.6
Acres
6,700
SQFT
$178
$/SQFT
1950
Built
Neighborhood:
Onekama Vlg
County:
Manistee
Area:
Onekama Vlg
School District:
ONEKAMA
Property Description
The famous Portage Lake Motel is available for purchase, located on the shores of Portage Lake with 13 units plus a cottage offering great summer vacations. Revenues are anticipated to be $250,000 this year. All rooms have been updated and refurbished. Most of the rooms and cottage have been reserved this summer (room rates are 10% than last year). The lakefront features almost 140 feet, 2 docks 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 over a 13% rate of return on your investment.
Exterior Features

Construction Materials Block/Concrete/MasonryFrameWood Lot Size Dimensions 150 X 100 And 100 X 140 X 40 X 131 Road Frontage Feet 150 Road Frontage Type Paved Water Frontage Feet 140.00 Waterfront Name Portage Lake Waterfront YN Yes

Interior Features

Heating Cooling Baseboard Heating Fuel Natural Gas Room Count 0

Property Features

Business Licenses Other Commercial Type Business And Real Estate Inventory Included YN Yes Land Contract YN No Listing Financing CashConventional Postal City Onekama Settlement Village Sewer Sewer-SanitarySewer At Street Short Sale Unknown Tax Amount Summer 12700.0000 Total Tax 12700.0000 Unparsed Address 4707 Main Street Water Source Well-Existing

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Re/Max Bayshore Manistee: (231) 887-4777 and Mason Oceana Manistee BOR MLS, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via RE/MAX Nexus and Mason Oceana Manistee BOR MLS, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than RE/MAX Nexus are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-09-26T20:57:13.443.
 
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RE/MAX Nexus
255 E. Brown St - Suite 205
Birmingham MI, 48009