12800 & 12862 Cherry, Milton, MI 49676
Local realty services provided by:CENTURY 21 Dynamic Realty
12800 & 12862 Cherry,Rapidcity, MI 49676
$1,600,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: matthew j crane, jonathan crane
Office: berkshire hathaway homeservices - tc
MLS#:78080063354
Source:MI_REALCOMP
Price summary
- Price:$1,600,000
About this home
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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Home facts
- Year built:2000
- Listing ID #:78080063354
- Added:46 day(s) ago
- Updated:December 17, 2025 at 01:09 PM
Heating and cooling
- Cooling:Wall/Window Units
- Heating:Natural Gas, Wall Furnace
Structure and exterior
- Year built:2000
- Lot area:1.98 Acres
Utilities
- Water:Well
- Sewer:Septic Tank
Finances and disclosures
- Price:$1,600,000
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