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Commercial Off Market
4714 Main Street
Onekama, Michigan 49675
Manistee CountyWaterfront:
YesCommunity:
$649,000
0 br, 0.0 bath
4755 sq. ft.
0.380 acres
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 - 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
Interior:
- Bedrooms: 0
- Baths: 0.0
- Sq Ft: 4755
- Year Built: 1950
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC: Hot Water
- Garage:
Exterior:
- Lot Size: 0.380 acre
- Lot Dimensions:
- Waterfront: Yes
- View Types:
- Yard:
- Siding: Block
- Roof: Asphalt
- MLS #: 1898687
Contact Information:
Ad Number: 2618441
Viewed 275 times.
Updated: Oct 01, 2022
This property is a Commercial located at 4714 Main Street, Onekama, Michigan 49675, and is currently Off Market at $649,000. This Commercial has 0 bedrooms, 0.0 baths, 4755 sq ft.