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4714 Main Street

Onekama, MI 49675
  • $649,000
  • STATUS: Active
  • ON SITE: 36 Days
  • MLS #: 22012712
UPDATED: 37 min ago
$649,000
  • 0
    BEDS
  • 0.38
    ACRES
  • 14
    BATHS
  • 0
    1/2 BATHS
  • 4,755
    SQFT
  • $136
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1950
County:

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 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

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© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-05-21T18:05:23.17.
www.grandrapidsmihomesforsale.com/homes/127713400
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4714 Main Street Onekama, MI 49675

  • Price: $649,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 37 min ago
  • MLS #: 22012712
0
Beds
14
Baths
0
½ Baths
0.38
Acres
4,755
SQFT
$136
$/SQFT
1950
Built
Neighborhood:
Onekama Vlg
County:
Manistee
Area:
Arcadia Pleasanton Onekama Br Lk
School District:
Onekama
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
Exterior Features

Body Of Water Portage Lake Construction Type BlockConcreteFrame/Wood Driveway Concrete Finished Building Levels 1.00 Lot Dimensions 150 X 100 & 37.5 X 40 Number Of Buildings 1.00 Road Frontage 150.00 Street Type PavedPublic Water Features All SportsDock Water Frontage 37.00 Water Type Lake Waterfront Yes

Interior Features

Air Conditioning Window Unit(S) Heat Source Natural Gas Heat Type Hot Water

Property Features

Annual Property Tax 4706.00 Association Mason Oceana Manistee Association Of Realtors Auction Or For Sale For Sale Business Includes EquipmentFurnitureInventoryLicensesReal Estate Commercial Type Retail/Commercial Homestead Percentage 0.00 New Construction No Sale Conditions None Sewer Public Tax Year 2021 Terms Available CashConventional Uses OtherRecreation Util Avl At Street BroadbandCableElectricNatural GasPublic SewerTelephone Utilities Attached CableElectricNatural GasTelephone Water Well

Listing provided courtesy of Charles D Smith of Re/Max Bayshore Manistee. © 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2022 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2022-05-21T18:05:23.17.
 
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JH Realty Partners
545 Ada Drive
Ada MI, 49301