The famous Portage Lake Motel is available for purchase, located

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Commercial Off Market

4707 Main Street

Onekama, Michigan 49675

Manistee County

Waterfront: Yes

Community: 

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$1,195,000 0 br, 0.0 bath 6700 sq. ft. 0.600 acres

The famous Portage Lake Motel is available for purchase, located on the shores of Portage Lake with 13 units plus a cottage offering great summer vacations. - Revenues are anticipated to be $250,000 this year. - All rooms have been updated and refurbished. - Most of the rooms and cottage have been reserved this summer (room rates are 10% than last year). - The lakefront features almost 140 feet, 2 docks and a nice sandy beach and lake bottom. - Visit - to view all of the roomsand 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 over a 13% rate of return on your investment. - Call, text or email Chuck Smith for more information, chuck

Interior:
  • Bedrooms: 0
  • Baths: 0.0
  • Sq Ft: 6700
  • Year Built: 1950
  • Utilities: 
  • Fireplaces: 
  • Stories: 
  • Heat/AC: Baseboard
  • Garage: 
Exterior:
  • Lot Size: 0.600 acre
  • Lot Dimensions: 
  • Waterfront: Yes
  • View Types: 
  • Yard: 
  • Siding: 
  • Roof: Unknown
  • Property Taxes: $12,700
  • MLS #: 22010466
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Contact Information:
Beach Commercial Off Market in Onekama, Michigan
Ad Number: 2549987
Viewed 324 times.
Updated: Oct 11, 2022

This property is a Commercial located at 4707 Main Street, Onekama, Michigan 49675, and is currently Off Market at $1,195,000. This Commercial has 0 bedrooms, 0.0 baths, 6700 sq ft.

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