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12800 & 12862 Cherry Avenue, Rapid City, MI 49676

$1,425,000
: 9,501
SqFt

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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

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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!

(231) 499-4448

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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