4871 US Highway 31 N, Central Lake, MI 49622 (MLS# 25046291)

4871 US Highway 31 N, Central Lake, MI 49622

$1,850,000

Property Type: Commercial Sale Square Footage: 5,654 Lot Size (sq. ft.): 120,017 Status: Active

Current Price: $1,850,000 List Date: 9/10/2025 Last Modified: 9/13/2025

Overview

Description

Income-earning and living opportunities like this only come along once in a lifetime. Located in one of the most picturesque locations in Michigan, minutes to Torch Lake & Lake Michigan, and a short drive to Elk Rapids or Charlevoix. Situated very close to a beautiful State Park (Barnes) along the shores of Lake Michigan & in proximity to an abundance of restaurants, wineries, vineyards, and orchards. Updated in 2016 with the addition of 6 new standalone cottages and a complete update of the 8 other motel rooms. The highly sought-after and highly reviewed Torch Bay Inn not only features updated and very welcoming rooms, but is also maintained and operated by its owners to make every guest feel like family and provide a relaxing and enjoyable stay. The pride of ownership is abundant from the time you walk in to the time you spend enjoying the patio, gardens, and the gas fire pit seating area. The property features a large 2-bedroom living area that could accommodate a full-time live-in

Supplements: manager or an on-site owner operator, ample parking for guests, an oversized 2 stall garage/workshop, an expanded area for boat trailers & campers, plus enough land to expand the operations for more cabins. Meticulously maintained, and attention to detail went into every aspect of this high-producing gem of a property. Income statements and disclos ... (Read more)

Listing Details MLS# 25046291

Location Property Info

County: Antrim
Street #: 4871
Street Name: US Highway 31
Post Direction: N
State: MI
Zip Code: 49622
Zip (4): 9494

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 2.76
Lot Square Footage: 120017
Lot Dimensions: Irregular
Year Built: 1952
Road Frontage: 500
Mineral Rights: Unknown
Year Remodeled: 2016
Total # Units: 15
# Fin Bldg Lvls: 5654
Total # Bldgs: 8
Total SqFt: 5654
Property Use Type: Business
Full Baths: 15
Waterfront: No
School District: Central Lake

Tax Info

Tax ID #: 05-14-312-017-11
Taxable Value: 290449
SEV: 405800
For Tax Year: 2024
Seller's Annual Property Tax: 9000
Tax Year: 2024
Homestead %: 50
Spec Assessment & Type: None Known

Remarks Misc

Directions: North of Elk Rapids or South of Charlevoix US-31

Additional Details

Total Parking Spaces: 50

More Information

Business Opportunity

Business Name: Torch Bay Inn

Location & Property Info

Cross Streets: Barnes Park Rd (88) / US 31
Property Sub-Type: Business Opportunity
Area: Outside MichRIC Area - Z
Municipality: Torch Lake Twp

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 327.2
Prop Avail for Lease?: No

Remarks & Misc

Public Remarks: Income-earning and living opportunities like this only come along once in a lifetime. Located in one of the most picturesque locations in Michigan, minutes to Torch Lake & Lake Michigan, and a short drive to Elk Rapids or Charlevoix. Situated very close to a beautiful State Park (Barnes) along the shores of Lake Michigan & in proximity to an abundance of restaurants, wineries, vineyards, and orchards. Updated in 2016 with the addition of 6 new standalone cottages and a complete update of the 8 other motel rooms. The highly sought-after and highly reviewed Torch Bay Inn not only features updated and very welcoming rooms, but is also maintained and operated by its owners to make every guest feel like family and provide a relaxing and enjoyable stay. The pride of ownership is abundant from the time you walk in to the time you spend enjoying the patio, gardens, and the gas fire pit seating area. The property features a large 2-bedroom living area that could accommodate a full-time live-in
Legal: COM AT THE NE 1/4 OF SEC 12; TH S 88 DEG W 1057.89 FT ALG N SEC LINE TO A PT IN THE C/L OF BARNES RD FOR POB; TH S 01 D

Street Type

Paved: Yes

Property Use

Business: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Private Sewer: Yes

Water

Private Water: Yes

Uses

Other: Yes

Construction Type

Frame/Wood: Yes

Roofing

Composition: Yes

Heat Source

Electric: Yes
Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

Proprietorship: Yes

Heat Type

Forced Air: Yes
Mini-Split: Yes

Air Conditioning

Central Air: Yes
Wall Unit(s): Yes

Business Includes

Furniture: Yes
Inventory: Yes
Real Estate: Yes

Foundation

Slab: Yes

Util Avail at St

Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes

Driveway

Aggregate: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes

Property Features

Property Use: Business Uses: Other Ownership: Proprietorship Business Includes: Furniture; Inventory; Real Estate Construction Type: Frame/Wood Roofing: Composition Foundation: Slab Sewer: Private Sewer Water: Private Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Electricity Available; High Speed Internet; Natural Gas Available Heat Source: Electric; Natural Gas Heat Type: Forced Air; Mini-Split Air Conditioning: Central Air; Wall Unit(s) Driveway: Aggregate Street Type: Paved Purchase Terms Avail: Cash; Conventional Sale Conditions: None Possession: Close Of Escrow

Listing Office: EXP Realty LLC

Listing Agent: Thomas A Rumble

Last Updated: September - 13 - 2025

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX 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.