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4998 N MAIN Street, Long Lake, MI 48743

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For Sale

$650,000

11 beds • 8 baths • 3,516 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • $184.87
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

Long Lake Lodge is a fully renovated 8-unit lakefront motel on the shores of Long Lake in Northern Michigan, offering approximately. 125 ft of frontage, a 90-ft private sandy beach, two docks, fire pits, BBQ grills, and five guest-use kayaks. This turnkey property includes six rentable units, one community gathering space, and one employee unit. Four units offer direct lake views. Units 1, 2, and 3 are 2-bed, 1 bath suites with kitchenettes and lakefront views. Unit 4 is a 1-bed, 1-bath with a kitchenette and lake views. Street-side units include Unit 5 (1 bed, 1 bath, kitchenette) and Unit 7 (2 bed, 1 bath, kitchenette). Unit 6 is a newly constructed community room featuring a full kitchen, dining space, Smart TV, and full bath ideal for retreats, group bookings, or family events. Unit 8 is designated for employee use and includes a laundry area (2 washers, 2 dryers), a full bath, and storage. 2024 lodge income totaled $60,428.43; 2025 YTD is $40,661.40. Also operating from the property is Long Lake Pontoon Rentals, a seasonal business generating $7,218.31 in 2024 and $6,197.20 YTD in 2025. This business, including two pontoons docked on-site, is available for separate purchase and can significantly enhance income potential. The property is fully furnished and operating with modern systems in place. Seller is motivated and has priced the property below the total investment cost. Excellent opportunity to own a commercial lakefront asset with multiple revenue streams and upside potential in a peaceful, natural setting.
MLS# 20250020990

Courtesy Of eXp Realty
811 N. Main St., Royal Oak, MI 48067
(888) 501-7085

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Water Front
  • Architecture Style
    Ranch
  • Heating System
    Baseboard
  • Lot Size
    0.68 Acres
  • View Type
    Water

Map and Directions

Directions to 4998 N MAIN Street, Long Lake, MI 48743

Home seller CENTURY 21 Signature Realty

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CENTURY 21 Signature Realty

(989) 362-4261
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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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