519 Lake St, Home with 0 bedrooms, 0 bathrooms and null parking in Frankfort MI | Image 1

$1,200,000

519 Lake St, Frankfort, MI

Name: 519 Lake St, For Sale in Frankfort - eXp Commercial Brokerage
Brand: Century 21 Northland-Frankfort
SKU: 1937875
Price: 1200000 CAD

Real Estate

For Sale

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Key Facts
Description
Map

Key Facts

Type Hospitality

Levels Commercial Sale

Size 4033 sqft

Garage No

Maintenance Fees

Taxes

Days Active 22

Approx. Age

Avg. Price Per Sqft $297

MLS® Number 1937875

Property Address:

Average square foot calculated using Size range provided by listing agent.

Description

Discover a rare chance to own a family-run motel and home just steps from downtown Frankfort and the Lake Michigan shoreline. This well-established business has been lovingly maintained by the original owners and boasts a loyal client base of repeat guests who return year after year. The picturesque grounds feature a charming creek, gazebo, and picnic area—perfect for relaxation and outdoor gatherings. Directly across the street lies the scenic Betsie Bay and the Betsie Valley Bike Trail, offering easy access to both Frankfort and Elberta’s shops, restaurants, theater, library, public boat launch and the stunning beaches of Lake Michigan. The motel includes 9 guest rooms including 4 rooms with two full beds, 2 rooms with three full beds and 3 rooms with queen beds. There is also potential to create additional guest accommodations or reconfigure the layout to fit a new vision. The owner’s home doubles as the check-in area and includes a comfortable single-family residence with a studio apartment on the second level, ideal for guest lodging or long-term rental income. Recent upgrades provide peace of mind include new heating/cooling units, beds, carpeting, and updated bathrooms in every room. A new roof, sealed driveway, underground electric, and new gas lines for the motel. The home has new windows, roof and the start of renovations to finish off more living space. This property presents endless possibilities—expand the motel, transform it into a charming Bed & Breakfast, add an event venue, or create additional guest accommodations. Situated along the iconic M-22 Scenic Drive, this location is unbeatable—just minutes from Sleeping Bear Dunes National Lakeshore, Crystal Lake, world-class trout streams, and endless hiking and biking trails. Guests can enjoy the best of northern Michigan right outside their door. A rare turnkey opportunity to own a thriving hospitality business in one of Michigan’s most beloved destinations.Show Description

MLS® Number1937875

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age

Stories

Pets

Corp Number

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatNatural Gas, Electric, Heat Pump, Forced Air, Wall

A/CElectric, Ductless A/C

Heating Fuel

Extras

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