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Commercial Off Market
4707 Main Street
Onekama, Michigan 49675
Manistee CountyWaterfront:
YesCommunity:
$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 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 over a 13% rate of return on your investment.
Interior:
- Bedrooms: 0
- Baths: 0.0
- Sq Ft: 6700
- Year Built: 1950
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC: Forced Air
- Garage:
Exterior:
- Lot Size: 0.600 acre
- Lot Dimensions:
- Waterfront: Yes
- View Types:
- Yard:
- Siding: Brick
- Roof: Asphalt
- MLS #: 1898088
Contact Information:
Ad Number: 2558161
Viewed 78 times.
Updated: May 04, 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.