$695,000
$749,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
218 Elizabeth Street South Arm Twp, MI 49727
2,397 SqFt
Key Details
Sold Price $695,000
Property Type Commercial
Sub Type Business Opportunity
Listing Status Sold
Purchase Type For Sale
Square Footage 2,397 sqft
Price per Sqft $289
Subdivision South Arm Retreats
MLS Listing ID 78080048954
Sold Date 09/23/24
Originating Board Aspire North REALTORS®
Year Built 1956
Lot Size 0.900 Acres
Acres 0.9
Lot Dimensions irregular
Property Description
Welcome to this charming motel resort located in the vibrant community of East Jordan, directly across from the scenic South Arm of Lake Charlevoix. This popular lodging facility boasts 8 beautifully updated rooms, plus an additional 2-bedroom home, perfect for owner's accommodation or additional rental income. Other features include garage, laundry/storage and a large lot with lots of on site parking Guests will enjoy stunning lake views and convenient public access to Lake Charlevoix just steps away. East Jordan is one of Northern Michigan's beloved destinations, where the Jordan River meets the South Arm of Lake Charlevoix. The area offers numerous waterfront parks, nature trails, a marina, and a lively downtown filled with shops and restaurants.---------------- This property provides easy access to Charlevoix, Boyne Mountain, Petoskey, Lake Michigan, and all the attractions that make Northern Michigan so special. Currently professionally managed, this motel resort is an excellent investment opportunity. Alternatively, it can be operated as an owner-occupied business with the spacious apartment. Don't miss your chance to own a piece of Northern Michigan paradise!
Location
State MI
County Charlevoix
Area South Arm Twp
Zoning Other
Interior
Heat Source Natural Gas
Exterior
Waterfront no
Roof Type Metal
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame
Schools
School District East Jordan
Others
Tax ID 05370500110
Ownership Private Owned
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other
Special Listing Condition Unknown/Data Share Listings
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Bought with REO-TCRandolph-233022