6100 M-68 $990,000

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    6100 M-68 Indian River, MI 49749

    • 9,177 sq. ft.
    • 2.00 Acres
    • Commercial
    • MLS# 472738
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    Views: 19 Days On Site: 150

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    Property Details

    WATERWAY INN in Indian River. Profitable 4-Season business just renovated with a $252,000 investment. In the heart of the Inland Waterway a year round destination area. Only lodging facility within walking distance of downtown. Two boat launches within .5 mile. 1/2 mile to Burt Lake State Park. 1.25 miles from the Cross in the Woods. Offers extra real estate for building additional buildings. Includes: real estate, furnishings, equipment, business, profitable laundry service and the 3-bedroom owner's living quarters. About 2 acres of land just 300 ft off I-75 and 20 minutes to the best Ski resorts. Close to Petoskey, Harbor Springs, Bay Harbor, Charlevoix and Mackinaw City. 24 bedrooms and 17 bathrooms. Adjoins snowmobile trails. Negotiable! Allocation of assets to maximize tax benefits. FOR FURTHER INFORMATION AND FINANCIALS, ASK REALTOR.

    • General Features
      • Above Ground Sq Footage 9177
      • Acreage 1.01 - 2
      • Association No
      • County Cheboygan
      • Features Cable TV, Washer, Off-Street Parking, Air-Conditioning, Common Area, Ample Parking, Dryer, Paved Roads
      • Heat1 Natural Gas, Electric
      • Total Sq Ft 9177
      • Township Tuscarora
      • Type1 Business Opportunity, Hotel / Motel, Residential Included
      • Utilities Electricity, Underground Utilities
      • Water Well
      • Water Front Water Access Neither
      • Water Heater Natural Gas, Electric
    • Building Features
      • Basement None
      • Construction Wood Frame
      • Num Of Units 17
      • Roof Asphalt Shingle
      • Stories Two
    • Room Features
      • Bedrooms 24
      • Full Bathrooms 17
      • Num Of Restrooms 17
    • Property Features
      • Approx Number Of Acres 2
    • Schools
      • School District Inland Lakes
    • Additional Features
      • Current Business Type Hotel / Motel / Resort
      • Inventory Included Y
      • Sewer Septic

    Contact

    Craig Lively

    Craig Lively

    Broker/ Owner

    RE/MAX LIGHTHOUSE

    Mobile Phone: 231-838-7481

    Neighborhood

    49749 (Indian River) Demographics

    56 Median Age
    50 Population Density (per sq. mile)
    32% College Educated
    $56,230 Estimated Median Income
    1,714 Estimated Total Home Owners
    350 Estimated Total Renters
    83% / 17% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    4,326 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $447,500 Median Sales Price
    7 Homes Sold
    9 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $990,000
        11/29/2023 11:06:00 AM New in Database Source: Multiple Listing Service New Value: $990,000

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        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 RE/MAX of Michigan shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Northern Michigan MLS, Inc © All rights reserved.

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        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.