4998 Main Ext - Hospitality FOR SALE


Long Lake, MI 48743
$700,000 USD
734-245-9995
4998 Main Ext, Long Lake, MI for Sale
$700,000 USD
Hospitality - FOR SALE
1/48
null | Request Cap Rate

4998 Main Ext
Long Lake, MI 48743


HIGHLIGHTS

  • Private beach lakefront with docs and boats.
  • Fully renovated, staged and furnished.
  • Business has the potential to make upwards of $225,000 per year.
  • Business name included and staff staying on.

OVERVIEW

The Long Lake Lodge is a completely renovated turn key business. The business has the potential to make upwards of $225,000 per year. This entire business was just built out and is fully staffed. The building itself was just fully renovated, staged and furnished. This was all done by a team that has a track record of turning mom and pop hotels into thriving hotel businesses. The Long Lake Lodge features over 125ft of pristine lakefront on the highly sought after Long Lake. It has a 90ft private sandy beach with fire pits, BBQ grills, a wrap around deck, a brand new large parking lot, two private docs, 5 kayaks for guests to use, and is partnered with a pontoon boat rental company. The pontoon Rental Company, Long Lake Pontoon Rentals is also for sale, separately. The Long Lake Lodge is composed of 7 units, a laundry facility, storage/supply room, and a new large shed. Rooms 1-3 (lake side) are lake view rooms with 2 bedrooms, a living room, kitchenette, and bathroom. Room 4 (lake side) is a lake view room w/1 bedroom, 1 bathroom, living room and kitchenette. Rooms 5 (street side) is a 1 bedroom, 1 bathroom w/living room & kitchenette. Room 6 (street side) is a studio w/2 Queen beds, a bathroom and kitchenette. Room 7 (street side) is 2 bedroom w/kitchenette & bathroom. All 7 units can be rented out for over $2000/night in income to family reunions, corporate retreats, wellness/church retreats, and team bonding events. Use this property to host your entire family and rent it out to pay your bills! Renting it out is hassle free as the turnkey business has already been built out for you! The property is listed on AirBnB, VRBO, Expedia, Booking, etc has a fully built out PMS, website, automated door lock system and is fully operated by on-site staff.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$199 USD /SF

# OF ROOMS

7

PRICE/ROOM

$100,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long Lake Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

C-1

APN/PARCEL ID

073-L60-002-001-00

ASK ABOUT THIS PROPERTY

Auston CookCook Financial, LLCMore Info
734-245-9995

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Auston CookCook Financial, LLCMore Info
734-245-9995

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.