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22321 M-123, Trout Lake, MI 49793 (MLS# 201828037)

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22321 M-123, Trout Lake, MI 49793

$950,000
Property Type: Commercial Square Footage: 18,802 Status: Active
Current Price: $950,000 List Date: 2/12/2024 Last Modified: 5/07/2024

Description

Welcome to The Forest Inn Resort! Trout Lake is the intersection of plenty of snowmobile trails that lead all over Northern Michigan. The area is also great for Fishing, Hunting, Swimming, Canoeing, Power Boating and is surrounded by nice lakes, streams and rivers. Castle Wood Inn Resort, formally known as the Trout Lake Best Western. This resort has it all and is currently in the end stages or a complete remodel. The hotel section features 41 rooms, 2 jetted tub suites, pool house, workout/game room, restaurant, conference room, staff apartment and private residence. All set on around 13 acres of land. This Trout Lake Resort is the perfect little getaway located in the village of Trout Lake. Close to township parks, possible land contract.

Supplements: Big Trout Lake and 3 other area lakes, snowmobile-ATV recreation trails, hunting, Tahquamenon Falls and so many adventures. Call today for additional information. Each room is 240+-sq ft, with 22 rooms with 2 queen beds and 19 rooms with 1 queen bed. The pool house is 3,528 sq ft with shallow and rare deep ends. The property consists of the hotel with 2 2-story hotel wings, restaurant, pool house, conference room, office, apartment, 10-14 RV parking spaces and 1,476 sq ft, 3-bedroom residence. The restaurant is 2,640 sq ft, the conference room has a wonderful wood burning fireplace. Updates include new metal roofs, updating the exterior, windows, redoing blacktop surface, electric, balcony, drywall, ceilings, gutters and furniture to name a few.

More Information MLS# 201828037

Contract Information

Current Price: $950,000 Begin Date: 2024-02-06 List Price: $950,000 Status: Active

Property Information

Type: Hospitality Realtor.com Type: Commercial For Sale or Rent: S # of Units: 42 Acres: 11.5 Lot Size Dimensions: 1510x1244x810 Year Remodeled: 2022 Office Sq Ft: 992 Warehouse Sq Ft: 7018 Retail Sq Ft: 2640 Total Bldg SqFt.: 18802 SqFt Source: County Records Levels: 2 Bus/Invtry Descrip: All inventory School District: Rudyard

Location, Tax and Legal

County: Chippewa St. #: 22321 Street Name: M-123 State: MI Zip Code: 49793 Ownership Status: Owner Township/City/Village: Trout Lake Subdivision or T/R: T44N R6W

Directions and Remarks

Directions: M-123 to Trout Lake before Trout Lake Rd Internet Access: DSL

Sign

Sign: Yes

Taxes and Possession

Association Dues: No

Property Features

Business Information: Business Opportunity; Income Property Present/Ptntl Use: Bar; Hotel; Motel; Office; Recreation; Rental; Restaurant; Retail; Service Construction: Frame Electric: On Site Gas: On Site Water: Well Sewer: Septic Heat/Air: Baseboard; Central Air; Electric; Forced Air; Hot Water; Propane Basement: Crawl Space; Slab Extras: Fireplace; Furnished; Kitchen Area; Laundry; Lounge/Bar; Landscaped; Living Quarters; Manager On-Site; Pool; Restaurant; Restroom (s); Recreation Facility; Smoke Detectors; Security System; Fire Sprinklers Sys Road: Blacktop Drive: Blacktop Parking: Paved; Parking Lot Occupant: Owner Util Pd by Owner: Cable; Electric; Maintenance Documents/Disclosure: Chattel list; Furn/Fixt/Equip List Showing Instructions: Appointment Only; Showingtime Terms: Cash; Conventional Mort; Land Contract
Listing Office: Mackinac Properties, Inc
Last Updated: May - 07 - 2024
22321 M-123, Trout Lake, MI 49793- MLS# 201828037
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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