Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

935 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Lake View Motel & Gift Shop 214 S Main St

11 Room Hotel Lake City, MI 49651 £861,630 (£78,330/Room)

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

The only remaining resort on Lake Missaukee
Excellent condition with no deferred maintenance

Three revenue streams, motel, gift shop, boat fuel

Executive Summary

The two story motel with seven units was built in 2011; four units attached to the main building were built in 2009; the owners/manager's living area was built in 1987 and the store was updated in appx 2014. All in excellent condition and perfectly maintained.

Property Facts

Price	£861,630	Lot Size	0.50 AC
Price Per Room	£78,330	Building Size	6,554 SF
Sale Type	Investment	No. Rooms	11
Sale Conditions	Business Value Included	Number of Floors	2
Property Type	Hospitality	Year Built/Renovated	1985/2014
Property Subtype	Hotel	Corridor	Exterior
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£861,630
Price Per Room	£78,330
Sale Type	Investment
Sale Conditions	Business Value Included
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.50 AC
Building Size	6,554 SF
No. Rooms	11
Number of Floors	2
Year Built/Renovated	1985/2014
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Balcony
On-Site Retail

High Speed Internet Access
Patio

Public Access Wi-Fi

Smoke-Free

About 214 S Main St , Lake City, MI 49651

Discover the perfect investment opportunity with the Lake View Motel & Gift Shop, family owned and operated for 40 years and situated on the picturesque shores of Lake Missaukee. The only resort remaining on Lake Missaukee, along with the only gas on the lake with easy access via the fuel dock. This property offers 178.5 feet of prime lakefront, complete with a paved boat ramp and gas pump, making it an ideal spot for water enthusiasts and vacationers alike. The property offers 11 immaculate units, each beautifully maintained and thoughtfully decorated, offering guests a comfortable and stylish stay with breathtaking lake views. The charming giftshop is perfect for showcasing local crafts, souvenirs, and essentials. This well-positioned shop complements the motel, creating additional revenue streams and enhancing guest experience. The owner/manager’s apartment is a two bedroom, two bath comfortable residence, providing convenience and privacy while overseeing the operations. Lake View Motel sits immediately adjacent Miltner Park and Public Beach with 100’s of feet of beautiful sandy beach. Additional recreational amenities offered directly across the street include Veterans Memorial Park, the public library, tennis, pickleball and basketball courts. This is a unique opportunity to own a well-positioned motel that offers both a serene lakeside setting and proximity to community facilities. Enjoy the lifestyle of lakefront living while managinga profitable business with three revenue streams generated by the motel, gift shop and boat fueling station. Perfect for investors, thoselooking to expand their real estate portfolio or those simply looking for a lifestyle change.