Long Lake Lodge | 4998 Main Ext
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Long Lake Lodge 4998 Main Ext
7 Room Hotel Long Lake, MI 48743 $700,000 ($100,000/Room)
Investment Highlights
- Private beach lakefront with docs and boats.
- Business has the potential to make upwards of $225,000 per year.
- Fully renovated, staged and furnished.
- Business name included and staff staying on.
Executive Summary
The Long Lake Lodge is a completely renovated turn key business. The business has the potential to make upwards of $225,000 per year. This entire business was just built out and is fully staffed. The building itself was just fully renovated, staged and furnished. This was all done by a team that has a track record of turning mom and pop hotels into thriving hotel businesses. The Long Lake Lodge features over 125ft of pristine lakefront on the highly sought after Long Lake. It has a 90ft private sandy beach with fire pits, BBQ grills, a wrap around deck, a brand new large parking lot, two private docs, 5 kayaks for guests to use, and is partnered with a pontoon boat rental company. The pontoon Rental Company, Long Lake Pontoon Rentals is also for sale, separately. The Long Lake Lodge is composed of 7 units, a laundry facility, storage/supply room, and a new large shed. Rooms 1-3 (lake side) are lake view rooms with 2 bedrooms, a living room, kitchenette, and bathroom. Room 4 (lake side) is a lake view room w/1 bedroom, 1 bathroom, living room and kitchenette. Rooms 5 (street side) is a 1 bedroom, 1 bathroom w/living room & kitchenette. Room 6 (street side) is a studio w/2 Queen beds, a bathroom and kitchenette. Room 7 (street side) is 2 bedroom w/kitchenette & bathroom. All 7 units can be rented out for over $2000/night in income to family reunions, corporate retreats, wellness/church retreats, and team bonding events. Use this property to host your entire family and rent it out to pay your bills! Renting it out is hassle free as the turnkey business has already been built out for you! The property is listed on AirBnB, VRBO, Expedia, Booking, etc has a fully built out PMS, website, automated door lock system and is fully operated by on-site staff.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- High Speed Internet Access
- Patio
- Beach (direct access)
- Public Access Wifi
- Smoke-Free
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 7 | $120.00 | - |
PROPERTY TAXES
| Parcel Number | 073-L60-002-001-00 | Total Assessment | $125,900 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
073-L60-002-001-00
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$125,900 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
zoning
| Zoning Code | C-1 (Commercial- general) |
| C-1 (Commercial- general) |
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Long Lake Lodge | 4998 Main Ext
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