Scenic Lakefront Motel & Gift Shop in Lake City, MI - $1.1M - Prime Investment Opportunity
Executive Overview
Key Investment Highlights
- •Exclusive location: The only resort on Lake Missaukee with fuel dock access
- •178.5 feet of prime lakefront with a paved boat ramp and gas pump
- •11 meticulously maintained units with stunning lake views
- •Charming gift shop featuring local crafts and essentials
- •Owner/manager's apartment with two bedrooms and two bathrooms
The Lake View Motel & Gift Shop represents a turnkey hospitality business with exceptional potential. Strategically positioned as the sole resort on Lake Missaukee, this property offers a unique value proposition for investors seeking a profitable lakeside venture. The 11 well-maintained units provide consistent rental income, while the on-site gift shop creates an additional revenue stream that enhances guest experience and generates supplemental profit.
Beyond its financial merits, the property boasts strategic advantages including proximity to local attractions, a fully equipped boat ramp, and fuel station. The included owner's apartment provides flexibility for hands-on management or potential live-in ownership. With multiple revenue channels and a prime location, this business presents an extraordinary opportunity for entrepreneurs looking to invest in a thriving hospitality enterprise with significant growth potential.