6100 M-68, Indian River
Listing Details
WATERWAY INN in Indian River. Could easily be converted to monthly rentals. Profitable 4-Season business just renovated with a $252,000 investment. In the heart of the Inland Waterway a year round destination area. Only lodging facility within walking distance of downtown. Two boat launches within .5 mile. 1/2 mile to Burt Lake State Park. 1.25 miles from the Cross in the Woods. Offers extra real estate for building additional buildings. Includes: real estate, furnishings, equipment, business, profitable laundry service and the 3-bedroom owner's living quarters. About 2 acres of land just 300 ft off I-75 and 20 minutes to the best Ski resorts. Close to Petoskey, Harbor Springs, Bay Harbor, Charlevoix and Mackinaw City. 24 bedrooms and 17 bathrooms. Adjoins snowmobile trails. Negotiable! Allocation of assets to maximize tax benefits. Included is a vacant commercial building site. FOR FURTHER INFORMATION AND FINANCIALS, ASK REALTOR.
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6100 M-68
Indian River MI, 49749
$750,000
- Bedrooms 24
- Square Ft 9,177
- Acres 2.00
- School District Inland Lakes
- County Cheboygan
- Water View No
- Waterfront No
- Type Commercial/ Industrial
- Subtype Business Opportunity, Hotel / Motel, Residential Included
- Zoning Commercial
- Current Business Hotel / Motel / Resort
- Water Well
- roof Asphalt Shingle
- window Thermo, Insulated
- water heater Natural Gas, Electric
- sewer Septic
- utilities Underground Utilities, Electricity
- # of Units 17
- stories Two
- Other Buildings Other
- heat Natural Gas, Electric
- Features Cable TV, Washer, Off-Street Parking, Air-Conditioning, Common Area, Ample Parking, Dryer, Paved Roads
- Construction Wood Frame
- Basement None
- Listing Courtesy of Petoskey Real Estate Group
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