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1401 N M 88 Listing Details & Market Data

1401 N M 88, Central Lake, MI 49622

  • For Sale $685,000
  • Property Type Other
  • Property Size 5,000 SF
  • Year Built 1960
  • Date Updated Nov 27, 2022
  • Website www.cbcworldwide.com
Unique opportunity to acquire a 10-unit motel on close to 3 acres, only 1 mile from downtown Central Lake and Intermediate Lake access. The main building features 8 motel rooms, with a separate 3 bed, 2 bath apartment in the middle. The apartment space has potential to be converted into a main lobby area with an owner's quarters on the back, or the whole thing could be turned into two more rental units. There are two additional buildings on the property as well, including a pole barn and a separate building that is currently built out as a yoga studio. The back section of the property features a relatively steep hill that could potentially be used to expand recreational activities offered on the property. This has a lot of potential for an entrepreneurial investor. Financial information available with signed confidentiality agreement.
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Location

  • Walk Score ® Car-Dependent (10)
  • Bike Score ® Somewhat Bikeable (29)
Powered by Walk Score ®
  • City Central Lake, MI
  • Neighborhood Central Lake
  • Zip Code 49622

Points of Interest

Marathon

6.37 miles

BP

6.56 miles

BP

9.16 miles

Mobil

9.31 miles

Marathon

9.68 miles

Glacial Hills Eckhardt Trailhead

4.51 miles

Glacial Hills Orchard Hill Trailhead

4.61 miles

Glacial Hills Vandermark Trailhead

4.87 miles

overnight parking 48 hours

6.00 miles

Rogers Family Homestead Nature Preserve Parking

8.92 miles

Classic Pizza

1.08 miles

The Blue Pelican Inn & Restaurant

1.15 miles

Toonie's Steak and Fish House

6.03 miles

Terrain

6.03 miles

Ruthie's Chicken and Dairy Twist

6.07 miles

Subway

6.45 miles

McDonald's

6.51 miles

Papa K's Pizza

6.67 miles

Dockside Torch Lake

7.84 miles

Little Caesars

8.92 miles

Central Lake Elementary School

0.87 miles

Central Lake High School / Middle School

0.98 miles

Greenwood Grange School

2.47 miles

Ellsworth Elementary School

7.88 miles

Ellsworth Community School

7.88 miles

East Jordan Elementary School

9.97 miles

Contacts

broker

Alex MacKenzie

Coldwell Banker Schmidt, Realtors

(231) 929-2300

Highlights

  • South on M-88 from downtown Central Lake, property will be on your right.
  • Exterior Description: Concrete Block
  • Exterior Description: Stone
  • Exterior Description: Wood Frame
  • Exterior Description: Wood Siding
  • Fireplace Description: Electric
  • Heating - Fuel Type: Gas
  • Heating Type: Baseboard
  • Road Type: City / Town Street
  • Roof: Asphalt Shingle Roof
  • Water: Well

Contact Listing Broker

broker

Alex MacKenzie

Coldwell Banker Schmidt, Realtors

(231) 929-2300

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