519 Lake Street, Frankfort, MI 49635

$1,100,000
  • 519 Lake Street, Frankfort, MI 49635 Main Photo

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Active
MLS#1937875
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONMI

Property Description

Discover a rare chance to own a family-run motel and home just steps from downtown Frankfort and the Lake Michigan shoreline. This well-established business built in 1988 has been lovingly maintained by the original owners and boasts a loyal client base of repeat guests who return year after year. The picturesque grounds feature a charming creek, gazebo, and picnic area???perfect for relaxation and outdoor gatherings. Directly across the street lies the scenic Betsie Bay and the Betsie Valley Bike Trail, offering easy access to both Frankfort and Elberta???s shops, restaurants, theater, library, public boat launch and the stunning beaches of Lake Michigan. The motel includes 9 guest rooms including 4 rooms with two full beds, 2 rooms with three full beds and 3 rooms with queen beds. There is also potential to create additional guest accommodations or reconfigure the layout to fit a new vision. The owner???s home doubles as the check-in area and includes a comfortable single-family residence with a studio apartment on the second level, ideal for guest lodging or long-term rental income. Recent upgrades provide peace of mind include new heating/cooling units, beds, carpeting, and updated bathrooms in every room. A new roof, sealed driveway, underground electric, and new gas lines for the motel. The home has new windows, roof and the start of renovations to finish off more living space. This property presents endless possibilities???expand the motel, transform it into a charming Bed & Breakfast, add an event venue, or create additional guest accommodations. Situated along the iconic M-22 Scenic Drive, this location is unbeatable???just minutes from Sleeping Bear Dunes National Lakeshore, Crystal Lake, world-class trout streams, and endless hiking and biking trails. Guests can enjoy the best of northern Michigan right outside their door. A rare turnkey opportunity to own a thriving hospitality business in one of Michigan???s most beloved destinations.

519 Lake Street | MLS# 1937875

This commercial property located at 519 Lake Street, Frankfort, MI 49635 is currently listed for sale with an asking price of $1,100,000. Search Frankfort real estate on www.ikeyrealty.com today.

Property Features

Property Type: Commercial - Business
Basement: Crawl Space, Block, Unfinished, Entrance Inside
Lot Size: 0.97 Acres
Roof Type: Asphalt
Year Built: 1966

Feature Descriptions

Business Included: Yes
Business Name: R and R Motel
Construction: Frame
Days on Site: 281
Exterior: Vinyl, Aluminum, Brick
Heating/Cooling: Heat Pump, Forced Air, Wall, Ductless A/C
Lot Dimensions: 208x142x297x142
Parking: Common, Paved, Parking Lot
Present Use: Other
Real Estate Included: Yes
Road: Public Maintained, Blacktop
Sewer: Municipal
Water: Private Well
Waterfront Type: No

Listed By / Shown By

Listed By

Agency Name: Century 21 Northland-Frankfort
Agency Phone: 231-352-7123

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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