6100 M-68 $750,000

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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: 46 Days On Site: 389

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    Property Details

    WATERWAY INN in Indian River. Could easily be converted to monthly rentals. 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. Included is a vacant commercial building site. 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

    Neighborhood

    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $750,000
    10/7/2024 10:21:15 AM Price Reduced Source: Multiple Listing Service New Value: $750,000 -11.76%
    7/30/2024 10:06:10 AM Price Reduced Source: Multiple Listing Service New Value: $850,000 -14.14%
    11/29/2023 11:06:00 AM New in Database Source: Multiple Listing Service New Value: $990,000

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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.