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$1,200,000
New Listing

519 Lake Street
Crystal Lake Township, MI 49635

For Sale|Business|Active
0
Beds
0
Total Baths
4,033
SqFt
$298
/SqFt
1966
Built
County:
Benzie
Call Now: (248) 788-6318
Is this the listing for you? We can help make it yours.
(248) 788-6318
519 Lake Street519 Lake Street519 Lake Street519 Lake Street
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Monthly Payment (Est.)

$5,475
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Discover a rare chance to own a family-run motel and home just steps from downtown Frankfort and the Lake Michigan shoreline. This well-established business has been lovingly maintained by the original owners and boasts a loyal client base of repeat guests who return year after year. The picturesque grounds feature a charming creek, gazebo, and picnic areaâ€"perfect for relaxation and outdoor gatherings. Directly across the street lies the scenic Betsie Bay and the Betsie Valley Bike Trail, offering easy access to both Frankfort and Elberta’s shops, restaurants, theater, library, public boat launch and the stunning beaches of Lake Michigan. The motel includes 9 guest rooms including 4 rooms with two full beds, 2 rooms with three full beds and 3 rooms with queen beds. There is also potential to create additional guest accommodations or reconfigure the layout to fit a new vision. The owner’s home doubles as the check-in area and includes a comfortable single-family residence with a studio apartment on the second level, ideal for guest lodging or long-term rental income. Recent upgrades provide peace of mind include new heating/cooling units, beds, carpeting, and updated bathrooms in every room. A new roof, sealed driveway, underground electric, and new gas lines for the motel. The home has new windows, roof and the start of renovations to finish off more living space. This property presents endless possibilitiesâ€"expand the motel, transform it into a charming Bed & Breakfast, add an event venue, or create additional guest accommodations. Situated along the iconic M-22 Scenic Drive, this location is unbeatableâ€"just minutes from Sleeping Bear Dunes National Lakeshore, Crystal Lake, world-class trout streams, and endless hiking and biking trails. Guests can enjoy the best of northern Michigan right outside their door. A rare turnkey opportunity to own a thriving hospitality business in one of Michigan’s most beloved destinations.

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Listing Snapshot
Price 
$1,200,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,033 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.97 Acres
Year Built 
1966
MLS® Number 
78080061151
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
16 hours agoListing first seen on site
16 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.97
Building Features 
DisabledAccessFixturesOutbuildings
Disclosures 
Inventory Included
Parking 
Parking Lot
Property Sub Type 
Business
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
4033
Utilities 
Electricity ConnectedNatural Gas Connected
Water Source 
PrivateWell
Zoning 
Commercial, Residential
Interior Features
Basement 
Crawl Space
Cooling 
Heat PumpWall/Window Unit(s)
Heating 
ElectricForced AirHeat PumpNatural GasWall Furnace
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Exterior Features
Construction Details 
Aluminum SidingFrameVinyl Siding
Other Structures 
Outbuilding
Roof 
Asphalt
Community Features
Financing Terms Available 
CashConventional
MLS Area 
Area93041CrystalLakeTwp
School District 
FrankfortElberta
Schools
School District
FrankfortElberta
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Century 21 Northland-Frankfort: 2316510923



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IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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