$658,176
$795,000
17.2%For more information regarding the value of a property, please contact us for a free consultation.
4,430 SqFt
SOLD DATE : 04/19/2024
Key Details
Sold Price $658,176
Property Type Commercial
Sub Type Business Opportunity
Listing Status Sold
Purchase Type For Sale
Square Footage 4,430 sqft
Price per Sqft $148
Subdivision Na
MLS Listing ID 78080016737
Sold Date 04/19/24
Originating Board Aspire North REALTORS®
Year Built 1956
Lot Size 4.950 Acres
Acres 4.95
Lot Dimensions 414 x 750
Property Description
Located in the heart of Sleeping Bear Dunes National Lakeshore Park between Stocking Drive and the Dune Climb, backing up to the park, on the Sleeping Heritage Bike/Hike trail this resort motel has been enjoyed by generations of guests for its extraordinarily beautiful location. Open all year, Duneswood Resort rests on almost 5 acres at the foot of giant sand dunes between Empire and Glen Arbor. 12 turnkey guest rental units, some with dune views, offer the cabin ambiance of simpler times. They feature TVs, air conditioning, highspeed internet, Michigan-made beds and tongue-and-groove wood walls. Two units include full kitchens and offer year-round income potential. A large Community Room with an extra bathroom, WiFi, a gas fireplace, sofas, games, full kitchen, and dining area has a back door which leads to picnic tables, BBQ grills, a fire circle, yard games and a path to the Nature Tail. Occupancy is virtually 100% in July and August, presenting an opportunity for income growth the rest of the year. An onsite store, closed since COVID, offers potential for merch sales plus existing bicycle rentals. A 300-sq-ft onsite laundry building offers convenient workspace and linen storage. A 500+ sq-ft timber frame barn used for storage has water and electricity. During rare power outages, a back-up generator helps keep water running in all units and electricity in the main units #6 & #7. The resort received a Trip Advisor Silver Level Green Award for thoughtful recycling, composting and use of biodegradable soaps. Area recreation abounds at the nearby Dune Climb, Little Glen Lake public access, Lake Michigan and Pierce Stocking Scenic Drive. Hikers, cyclists and skiers can hop right on the Sleeping Bear Heritage Trail which lies just beyond the motel’s tree-lined front yard. Named the “Most Beautiful Place In America†by Good Morning America viewers, park visitation has exploded.
Location
State MI
County Leelanau
Area Glen Arbor Twp
Zoning Residential
Interior
Heating Forced Air, Wall/Floor Furnace
Heat Source Electric, LP Gas/Propane
Exterior
Waterfront no
Roof Type Asphalt
Building
Foundation Slab
Sewer Septic Tank (Existing)
Water Well (Existing)
Structure Type Frame,Wood
Others
Tax ID 4500613103300
Ownership Private Owned
Acceptable Financing Cash, Conventional, Owner May Carry(Purchase Money Mortgage)
Listing Terms Cash, Conventional, Owner May Carry(Purchase Money Mortgage)
Financing Cash,Conventional,Owner May Carry(Purchase Money Mortgage)
Special Listing Condition Unknown/Data Share Listings
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