Homes for sale - 6100 M-68, Tuscarora Twp, MI 49749

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Brittany Buchholz

soldbybrittanyb@gmail.com +1(810) 347-1498

$ 990,000

Est. payment | -/mo

9,177 SqFt

Save

$ 990,000

Est. payment | -/mo

Save

9,177 SqFt

Key Details

Property Type Commercial

Sub Type Business Opportunity

Listing Status Active

Purchase Type For Sale

Square Footage 9,177 sqft

Price per Sqft $107

Subdivision Waterway Inn

MLS Listing ID 78080054972

Originating Board Aspire North REALTORS®

Year Built 1993

Lot Size 2.000 Acres

Acres 2.0

Lot Dimensions Irregular

Property Sub-Type Business Opportunity

Property Description

Exceptional opportunity to own the Waterway InnÃ¢â‚¬"Indian RiverÃ¢â‚¬â„¢s top-rated lodging facility and a thriving, fully renovated four-season business in the heart of Northern MichiganÃ¢â‚¬â„¢s Inland Waterway. Sitting on nearly 2 acres of commercial-zoned land just 300 feet off I-75, this turnkey property offers significant growth potential with room for expansion. Originally purchased as the Coach House Motel in 2019, the owners have invested over $400,000 in improvements, elevating the propertyÃ¢â‚¬â„¢s reputation to a 4.6-star Google rating and earning the #1 spot on TripAdvisor for lodging in Indian River. The Inn features 11 fully updated rooms, six income-producing mobile homes, and a spacious 3-bedroom, 1-bath ownerÃ¢â‚¬â„¢s quarters. A profitable public drop-off laundry service adds an additional revenue stream. Every room and mobile home has been renovated with new beds, linens, Roku TVs, high-speed internet, and a modern reservation system that seamlessly connects to major booking platforms. Centrally located, the Waterway Inn is the only lodging facility within walking distance to downtown Indian River, Burt Lake State Park, two boat launches, and direct access to the North Central State Trail. Its prime location off Exit 310 also captures a steady flow of walk-in traffic. The Inn benefits from repeat business, exclusive partnerships with local golf courses, fishing charters, and outdoor adventure companies, and is frequently at full capacity during peak seasons and even throughout the off-season. With a strong 16% cap rate, this property offers excellent cash flow and investment potential. Indian River is a rapidly growing destination with over $6 million in recent commercial investment, limited commercial-zoned land, and easy access to Petoskey, Harbor Springs, Bay Harbor, and Mackinaw City. Offered turn-key, this sale includes the real estate, business, equipment, furnishings, and detailed operational recordsÃ¢â‚¬"ready for new ownership

Location

State MI

County Cheboygan

Area Tuscarora Twp

Zoning Commercial

Interior

Heating Forced Air

Heat Source Electric, Natural Gas

Exterior

Roof Type Asphalt

Building

Foundation Slab

Sewer Septic Tank (Existing)

Water Community

Structure Type Frame

Schools

School District Inland Lakes

Others

Tax ID 16102440057802

Ownership Corporate/Relocation

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Unknown/Data Share Listings

Listed by Kenneth C Weaver of Berkshire Hathaway Homeservices Michigan - TC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(810) 347-1498

soldbybrittanyb@gmail.com

39555 Orchard Hill Pl ste 600, Novi, MI, 48375, USA

6100 M-68 Tuscarora Twp, MI 49749