About 12800 & 12862 Cherry Avenue
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!
Features of 12800 & 12862 Cherry Avenue
| MLS® # | 1940129 |
|---|---|
| Price | $1,600,000 |
| Square Footage | 9,501 |
| Acres | 1.98 |
| Year Built | 2000 |
| Type | Multi-Family |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 12800 & 12862 Cherry Avenue |
|---|---|
| Subdivision | Metes & Bounds |
| City | Rapid City |
| County | Antrim |
| State | MI |
| Zip Code | 49676-8604 |
Amenities
| Parking | Paved |
|---|---|
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Interior Features | None |
|---|---|
| Appliances | Refrigerator, Oven/Range, Dishwasher |
| Heating | Wall Furnace, Natural Gas |
| Cooling | Ductless |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | Gas |
| # of Stories | 1 |
| Stories | One |
Exterior
| Roof | Asphalt |
|---|---|
| Construction | Frame, Vinyl Siding |
| Foundation | Slab |
School Information
| District | Elk Rapids Schools |
|---|
Additional Information
| Days on Market | 3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Annually |
Listing Details
| Office | Berkshire Hathaway Homeservices - TC |
|---|