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4705 Main Street

Onekama, MI 49675
  • $1,195,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 22010466
UPDATED: 54 min ago
$1,195,000
  • 0
    BEDS
  • 0.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,700
    SQFT
  • $178
    $/SQFT
Neighborhood:
Type:
Business Opportunity
Built:
1950
County:

School Ratings & Info

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.

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©2022 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Rising Team | RE/MAX Main Street Realty. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2022-11-27T22:54:14.183.
www.therisingteam.com/homes/133807418
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4705 Main Street Onekama, MI 49675

  • Price: $1,195,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 54 min ago
  • MLS #: 22010466
0
Beds
0
Baths
0
½ Baths
0.6
Acres
6,700
SQFT
$178
$/SQFT
1950
Built
Neighborhood:
Onekama (51022)
County:
Manistee
Area:
Onekama (51022)
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

Exterior Construction BlockFrameWood Frontage 150 Lake Name Portage Lake Lot Size 150 X 100 And 100 X 140 X Roads City/CountyPaved Street Water Features Dock/Pier FacilityLake/River AccessAll Sports Lake Waterfront YN Yes

Interior Features

Commercial Features Cable Internet InstalledCable Tv AvailableElectric AvailableFurnitureGas AvailableTelephone Fuel Type Natural Gas Heating System Baseboard

Property Features

Commercial Type Business Financial Terms CashConventional Municipality Onekama Ownership Other/See Remarks Sale Includes InventoryReal Estate Only SEV 236800 Sewer Septic Public SanitaryPublic At Street Total Tax Amount 12700 Total Tax Year 2021

Listing courtesy of Re/Max Bayshore Manistee : (231) 887-4777.

Source MLS: MiRealSource
Originating MLS: Mason Oceana Manistee Board of REALTORS

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


©2022 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for 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. Information is deemed reliable but is not guaranteed accurate by the MLS or The Rising Team | RE/MAX Main Street Realty. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2022-11-27T22:54:14.183.
 
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