1280012862 Cherry Avenue, Rapid City, MI 49676 (MLS # 1940129)
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An exceptional opportunity to own a resort property in one of Northern Michigan's most sought-after destinations - just steps from Torch Lake's legendary sandbar. This unique offering includes two separate parcels. The first features a completely updated 14-unit motel, thoughtfully updated and ready to generate immediate cash flow. Several rooms are equipped with pass-through doors, easily converting into larger multi-room suites to accommodate groups and families. The second parcel includes a 3-bed, 2-bath home, ideal for on-site manager accommodations or additional short or long-term rental income. With very few lodging options in the area, demand remains exceptionally strong, delivering minimal vacancy throughout the summer season. Guests will appreciate ample on-site parking, potential room to expand, a full commercial kitchen, lobby office, pavilion, and a whole-building generator. A comprehensive fire suppression system provides added peace of mind. Perfectly positioned for guests to enjoy everything the region has to offer, this property sits just a short drive from Elk Rapids, Alden, and Traverse City. Whether pursuing a turnkey investment, expanding a hospitality portfolio, or launching a lakeside business venture, this rare Torch Lake offering delivers location and income potential!
| DAYS ON MARKET | 1 | LAST UPDATED | 10/31/2025 |
|---|---|---|---|
| TRACT | Metes & Bounds | YEAR BUILT | 2000 |
| COUNTY | Antrim | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| School District | Elk Rapids Schools |
|---|
| ADDITIONAL DETAILS | |
| APPLIANCES | Dishwasher, Oven, Range, Refrigerator |
|---|---|
| CONSTRUCTION | Frame, Vinyl Siding |
| LOT | 1.98 acre(s) |
| LOT DIMENSIONS | Multiple - See Docs |
| PARKING | Paved |
| SEWER | Septic Tank |
| STORIES | 1 |
| STYLE | 1 Level |
| SUBDIVISION | Metes & Bounds |
| UTILITIES | Natural Gas Available |
| WATER | Well, Private |
| ZONING | Multi-Family |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Berkshire Hathaway Homeservices - TC
The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
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Data last updated: 11/1/25 2:02 AM PDT
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