Lake View Motel & Gift Shop

Lake City, MI

Seller Financing Available

Lake View
Asking Price:$1,100,000
BUSINESS DESCRIPTION

Discover the perfect investment opportunity with the Lake View Motel & Gift Shop, family owned and operated for 40 years and situated on the picturesque shores of Lake Missaukee. The only resort remaining on Lake Missaukee, along with the only gas on the lake with easy access via the fuel dock. This property offers 178.5 feet of prime lakefront, complete with a paved boat ramp and gas pump, making it an ideal spot for water enthusiasts and vacationers alike. The property offers 11 immaculate units, each beautifully maintained and thoughtfully decorated, offering guests a comfortable and stylish stay with breathtaking lake views. The charming giftshop is perfect for showcasing local crafts, souvenirs, and essentials. This well-positioned shop complements the motel, creating additional revenue streams and enhancing guest experience. The owner/manager’s apartment is a two bedroom, two bath comfortable residence, providing convenience and privacy while overseeing the operations. Lake View Motel sits immediately adjacent Miltner Park and Public Beach with 100’s of feet of beautiful sandy beach. Additional recreational amenities offered directly across the street include Veterans Memorial Park, the public library, tennis, pickleball and basketball courts. This is a unique opportunity to own a well-positioned motel that offers both a serene lakeside setting and proximity to community facilities. Enjoy the lifestyle of lakefront living while managing a profitable business with three revenue streams generated by the motel, gift shop and boat fueling station. Perfect for investors, those looking to expand their real estate portfolio or those simply looking for a lifestyle change.


ATTACHED DOCUMENTS
Offering Memorandum.pdf Download

DETAILED INFORMATION
Location
Lake City, MI
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
6,554
Facilities
Three revenue streams with the motel, gift shop and boat fuel at the lake.
Competition
Excellent opportunity ~ The only resort remaining on Lake Missaukee.
Support & Training
Support and training as needed and negotiated.
Reason for Selling
Retiring.
Report an Issue with this listing
profile-img
Ruth
Clemens
logo-img
Ruth Clemens