4492 Co Road 489 Unit: 1-7+house, garage, shed

Estimated Monthly Payment: $3,990/mo 4492 Co Road 489 Unit: 1-7+house, garage, shed, Onaway, MI 49765 MLS# 1880031 Mixed Use Listing Status: Active
7,500 sqft
40
18
0
0

REMARKS:

Tremendous opportunity to own a beachfront resort on one of Northern Michigan's largest inland lakes. Schell's Resort has been owned and operated by Bob & Lynn Schell for 50 years and finally they are considering retirement. Bob & Lynn have established long term relationships with most of their tenants, some that have been coming to the resort for generations. Summer 2021 is already almost completely booked! Main home is 3br, 2ba and nearly 2,000 sq ft, comes with a detached heated 2 car garage with bathroom and a 32'x16' pole barn. The 7 adorable cottages (five 3br/1ba, two 2br/1ba) come fully furnished and are in good, clean condition. The resort has almost 600' of waterfront made up of beautiful sandy beach on 10,000+ acre Black Lake, several boat slips on the Rainy River and there's even a private boat launch. This is a fantastic opportunity to own and operate as a resort or for a developer to break up to sell the cottages individually which would be easy to do because most of the structures already sit on their own individually taxed parcel. Note: Purchaser must honor the 2021 rental commitments.

OVERVIEW:

Mixed Use
Active
North Allis
Frame
Crawl Space,Slab
1984
7500
Asphalt
Forced Air, Central Air, Space Heater
Natural Gas, Propane Gas, Mutiple Units
Black Lake
600
Shared Well
Private Septic,Dry Well
1.50
irregular
Overhead Door(s)

FEATURES:

Vinyl, Wood
Yes

FINANCIAL:

$875,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Coldwell Banker Schmidt-402 - 231-922-2350 

The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © 2020 Northern Great Lakes REALTORS® MLS . All Rights Reserved.