22321 M-123 $950,000

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    22321 M-123 Trout Lake, MI 49793

    • 18,802 sq. ft.
    • Commercial
    • MLS# 201828037
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    Views: 10 Days On Site: 85

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    Property Details

    Trout Lake is the intersection of plenty of snowmobile trails that lead all over Northern Michigan. The area is also great for Fishing, Hunting, Swimming, Canoeing, Power Boating and is surrounded by nice lakes, streams and rivers. Castle Wood Inn Resort, formally known as the Trout Lake Best Western. This resort has it all and is currently in the end stages or a complete remodel. The hotel section features 41 rooms, 2 jetted tub suites, pool house, workout/game room, restaurant, conference room, staff apartment and private residence. All set on around 13 acres of land. This Trout Lake Resort is the perfect little getaway located in the village of Trout Lake. Close to township parks, possible land contract.
    Big Trout Lake and 3 other area lakes, snowmobile-ATV recreation trails, hunting, Tahquamenon Falls and so many adventures. Call today for additional information. Each room is 240+-sq ft, with 22 rooms with 2 queen beds and 19 rooms with 1 queen bed. The pool house is 3,528 sq ft with shallow and rare deep ends. The property consists of the hotel with 2 2-story hotel wings, restaurant, pool house, conference room, office, apartment, 10-14 RV parking spaces and 1,476 sq ft, 3-bedroom residence. The restaurant is 2,640 sq ft, the conference room has a wonderful wood burning fireplace. Updates include new metal roofs, updating the exterior, windows, redoing blacktop surface, electric, balcony, drywall, ceilings, gutters and furniture to name a few.

    • General Features
      • Type Hospitality
      • Business Information Business Opportunity,Income Property
      • SqFt. Total 18,802
      • Extras Fire Sprinklers Sys, Fireplace, Furnished, Kitchen Area, Landscaped, Laundry, Living Quarters, Lounge/Bar, Manager On-Site, Pool, Recreation Facility, Restaurant, Restroom (s), Security System, Smoke Detectors
      • Subdivision T44N R6W
      • County Chippewa
    • Building Features
      • Construction Frame
      • Total Units 42
      • Basement Crawl Space, Slab
      • Heating/Air Conditioning Baseboard,Central Air,Electric,Forced Air,Hot Water,Propane
      • Warehouse SqFt. 7018.00
      • Office SqFt. 992.00
    • Property Features
      • Lot Size 1510x1244x810
      • Parking Parking Lot, Paved
      • Road Blacktop
      • Driveway Blacktop
      • Internet Access DSL
      • Electric On Site
      • Sewer Septic
      • Water Well
      • Gas On Site
    • Schools
      • School District Rudyard

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    Neighborhood

    49793 (Trout Lake) Demographics

    61 Median Age
    3 Population Density (per sq. mile)
    28% College Educated
    $32,708 Estimated Median Income
    66 Estimated Total Home Owners
    13 Estimated Total Renters
    84% / 16% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    164 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

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      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $950,000
        4/30/2024 12:35:33 PM Price Reduced Source: Multiple Listing Service New Value: $950,000 -32.14%
        2/12/2024 9:36:00 AM New in Database Source: Multiple Listing Service New Value: $1,400,000

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        The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than the firm which owns this website are marked with the WWLX logo and the detailed information about said listing includes the listing office. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor the broker which owns this website shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. WWLX 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. Water Wonderland MLS, Inc © All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.