12800 & 12862 Cherry Avenue, Rapid City, MI 49676
- $1,425,000
- 9,501
- SqFt
- Sold Price
- $1,425,000
- List Price
- $1,600,000
- Closing Date
- Apr 16, 2026
- Days on Market
- 164
- Status
- SOLD IN HOUSE
- MLS#
- 1940129
- Living Area
- 9,501
- Lot Size (Acres)
- 1.98
- Year Built
- 2000
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!
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Additional Information
- Building Name
- Metes & Bounds
- Stories
- 1
- Interior Features
- None
- Amenities
- None
- Heating
- Wall Furnace, Natural Gas
- Cooling
- Ductless
- Water
- Private
- Sewer
- Private Sewer
- School District
- Elk Rapids Schools
Mortgage Calculator
Listing Courtesy of Berkshire Hathaway Homeservices - TC. 231-947-7777
Selling Office: Berkshire Hathaway Homeservices - TC.