South Arm Twp, MI 49727,218 Elizabeth Street

$695,000

$749,000

7.2%
Est.Price: ?

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Est. payment /mo

2,397 SqFt


SOLD DATE : 09/23/2024

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

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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Realcomp MLS
Listed by Kenneth C Weaver of Berkshire Hathaway Homeservices Michigan - TC
Bought with REO-TCRandolph-233022
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