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$1,600,000
93 Days On Site

12800 & 12862 Cherry Avenue
Milton Township, MI 49676

For Sale|Multi Family|Active
0
Beds
0
Total Baths
2000
Built
Subdivision:
METES & BOUNDS
County:
Antrim
Call Now: 810-360-3488
Is this the listing for you? We can help make it yours.
810-360-3488
12800 & 12862 Cherry Avenue12800 & 12862 Cherry Avenue12800 & 12862 Cherry Avenue12800 & 12862 Cherry Avenue
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Monthly Payment (Est.)

$7,300
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An exceptional opportunity to own a resort property in one of Northern Michigan’s most sought-after destinations - just steps from Torch Lake’s legendary sandbar. This unique offering includes two separate parcels. The first features a completely updated 14-unit motel, thoughtfully updated and ready to generate immediate cash flow. Several rooms are equipped with pass-through doors, easily converting into larger multi-room suites to accommodate groups and families. The second parcel includes a 3-bed, 2-bath home, ideal for on-site manager accommodations or additional short or long-term rental income. With very few lodging options in the area, demand remains exceptionally strong, delivering minimal vacancy throughout the summer season. Guests will appreciate ample on-site parking, potential room to expand, a full commercial kitchen, lobby office, pavilion, and a whole-building generator. A comprehensive fire suppression system provides added peace of mind. Perfectly positioned for guests to enjoy everything the region has to offer, this property sits just a short drive from Elk Rapids, Alden, and Traverse City. Whether pursuing a turnkey investment, expanding a hospitality portfolio, or launching a lakeside business venture, this rare Torch Lake offering delivers location and income potential!

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Listing Snapshot
Price 
$1,600,000
Days On Site 
93 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.98 Acres
Year Built 
2000
MLS® Number 
78080063354
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing first seen on site
3 months agoListing updated with changes from the MLS®
General Features
Acres 
1.98
Foundation 
Slab
Levels 
One
Property Sub Type 
Multi Family
Sewer 
Septic Tank
Special Circumstances 
Standard
Water Source 
PrivateWell
Zoning 
MultiFamily
Interior Features
Appliances 
DishwasherOvenRefrigeratorRange
Cooling 
Wall/Window Unit(s)
Fireplace Features 
Gas
Heating 
Natural GasWall Furnace
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Community Features
Financing Terms Available 
Cash
MLS Area 
Area88121MiltonTwp
School District 
ElkRapids
Schools
School District
ElkRapids
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Berkshire Hathaway Homeservices - TC: (231) 350-9386



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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 and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
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