12800 & 12862 Cherry Avenue, Rapid City, MI 49676-8604
- $1,425,000
- Sold Price
- $1,425,000
- List Price
- $1,600,000
- Status
- CLOSED
- MLS#
- 80063354
- Days on Market
- 164
- Year Built
- 2000
- Closing Date
- Apr 16, 2026
- Acres
- 1.98
- Municipality
- Milton Twp
- Region
- Milton Twp
- Township
- Milton Twp
- Subdivision
- Metes & Bounds
Property Description
An exceptional opportunity to own a resort property in one of Northern Michigan’s most sought-after destinations - just steps from Torch Lake’s legendary sandbar. This unique offering includes two separate parcels. The first features a completely updated 14-unit motel, thoughtfully updated and ready to generate immediate cash flow. Several rooms are equipped with pass-through doors, easily converting into larger multi-room suites to accommodate groups and families. The second parcel includes a 3-bed, 2-bath home, ideal for on-site manager accommodations or additional short or long-term rental income. With very few lodging options in the area, demand remains exceptionally strong, delivering minimal vacancy throughout the summer season. Guests will appreciate ample on-site parking, potential room to expand, a full commercial kitchen, lobby office, pavilion, and a whole-building generator. A comprehensive fire suppression system provides added peace of mind. Perfectly positioned for guests to enjoy everything the region has to offer, this property sits just a short drive from Elk Rapids, Alden, and Traverse City. Whether pursuing a turnkey investment, expanding a hospitality portfolio, or launching a lakeside business venture, this rare Torch Lake offering delivers location and income potential!
Additional Information
- Heating
- Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Fireplace Features
- Gas
- Appliances
- Dishwasher, Range/Oven, Refrigerator
- Sewer
- Septic Tank
- Foundation
- Slab
- Water
- Private Well
- School District
- Elk Rapids Schools
Mortgage Calculator
Listing Courtesy of Berkshire Hathaway Homeservices - TC, Office Phone:
Selling Office: Berkshire Hathaway Homeservices - TC.
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Provided through IDX via MiRealSource, as the "Source MLS", courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2014 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.