4714 Main Street, Onekama, Michigan

$649,000

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4,755

Square feet

0.38

Acres

About 4714 Main Street

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

Features of 4714 Main Street

MLS® # 1898687
Price $649,000
Bathrooms 0.00
Square Footage 4,755
Acres 0.38
Year Built 1950
Type Commercial
Sub-Type Hospitality, Commercial Sale, Private Water Frontage
Status Active
Lake Portage Lake
Association N/A

Community Information

Address 4714 Main Street
Subdivision N/A
City Onekama
County Manistee
State Michigan
Zip Code 49675

Amenities

Utilities WATER: Private Well SEWER: Municipal
Features Other
Parking Parking Lot
Is Waterfront Yes

Interior

Heating Natural Gas, Hot Water
Has Basement No
Basement Slab

Exterior

Exterior Features Vinyl, Brick
Lot Description 150 x 100 and 37.5 x 40
Roof Asphalt
Construction Block, Frame

Additional Information

Date Listed April 18th, 2022
Days on Market 77
Zoning Commercial
Short Sale No
RE / Bank Owned No

Listing Details

OfficeREMAX Bayshore - Manistee

Listing Map

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