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
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 disclosures are available upon request with a signed NDA.
More Information MLS# 25046291
Location & Property Info
Cross Streets: Barnes Park Rd (88) / US 31
Property Sub-Type: Business Opportunity
Municipality: Torch Lake Twp
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 327.2
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: Irregular
Road Frontage: 500
Mineral Rights: Unknown
Waterfront: No
Year Remodeled: 2016
Total # Units: 15
Total # Bldgs: 8
# Fin Bldg Lvls: 5654
Total SqFt: 5654
Property Use Type: Business
School District: Central Lake
Lot Measurement: Acres
Lot Acres: 2.76
Lot Square Footage: 120017
Year Built: 1952
Full Baths: 15
Tax Info
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
Tax ID #: 05-14-312-017-11
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
Additional Details
Total Parking Spaces: 50
Street Type
Paved: 1
Property Use
Business: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Private Sewer: 1
Water
Private Water: 1
Uses
Other: 1
Construction Type
Frame/Wood: 1
Roofing
Composition: 1
Heat Source
Electric: 1
Natural Gas: 1
Sale Conditions
None: 1
Ownership
Proprietorship: 1
Heat Type
Forced Air: 1
Mini-Split: 1
Air Conditioning
Central Air: 1
Wall Unit(s): 1
Business Includes
Furniture: 1
Inventory: 1
Real Estate: 1
Foundation
Slab: 1
Util Avail at St
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Driveway
Aggregate: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Business Opportunity
Business Name: Torch Bay Inn
Possession
Close Of Escrow: 1
Location Property Info
County: Antrim
Street #: 4871
Street Name: US Highway 31
Post Direction: N
State: MI
Zip Code: 49622
Zip (4): 9494
Area: Outside MichRIC Area - Z
OfficeContract Info
Status: Active
Current Price: $1,850,000
List Price: $1,850,000
Listing Date: 2025-09-05
Remarks Misc
Directions: North of Elk Rapids or South of Charlevoix US-31
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
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