Lake Commercial Off Market
The famous Portage Lake Motel is available for purchase, located on the shores of Portage Lake with 13 units plus a cottage offering great summer vacations. Revenues are anticipated to be $250,000 this year. All rooms have been updated and refurbished. Most of the rooms and cottage have been reserved this summer (room rates are 10% than last year). The lakefront features almost 140 feet, 2 docks 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 over a 13% rate of return on your investment.Property Details
- Beds: 0
- Baths: 0.0
- Sq Feet: 6700
- Year Built: 1950
- Location: Portage Lake - Manistee County
- Acres: 0.600
- Lakefront: Yes
- Lakeview: Yes
- County: Manistee County
- Heat/AC: Forced Air
- Siding: Brick
- Roof: Asphalt
- MLS #: 1898088
Location
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Ad Statistics:
| Ad Number : | 2558161 |
| Viewed: | 266 times |
| Added: | Apr 19, 2022 |
| Updated on: | May 04, 2022 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
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