For Sale
$950,000

22321 M-123 Trout Lake, MI 49760

41-Room Resort, Newly Renovated

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 41-room Best Western resort in Trout Lake, Michigan, presents a unique owner/user investment opportunity. Boasting 18,802 square feet across three buildings, this property underwent a complete remodel in 2022, featuring new metal roofs, updated exteriors, windows, blacktop, electrical systems, balconies, drywall, ceilings, and gutters. The resort includes two two-story hotel wings, each room averaging over 240 square feet (22 rooms with two queen beds, 19 with one queen bed). Amenities are extensive, including a 3,528-square-foot pool house with both shallow and deep ends, a 2,640-square-foot restaurant, a conference room with a wood-burning fireplace, a workout/game room, a staff apartment, and a separate 1,476-square-foot, three-bedroom private residence. The property sits on approximately 13 acres of land, offering 10-14 RV parking spaces. Its prime location at the intersection of numerous snowmobile trails in Northern Michigan provides easy access to abundant outdoor recreational activities, including fishing, hunting, swimming, canoeing, and power boating. Nearby attractions include Big Trout Lake, three other area lakes, snowmobile and ATV trails, and Tahquamenon Falls. The property is zoned for resort use and offers potential for a land contract. Asking price is $950,000.

Highlights

  • $950,000 asking price for a 41-room Best Western resort in Trout Lake, MI.
  • Recently renovated (2022) 18,802 sq ft resort on ~13 acres.
  • Features include a 3,528 sq ft pool house, 2,640 sq ft restaurant, conference room, workout/game room, staff apartment, and a 3-bedroom private residence (1,476 sq ft).
  • Prime location at the intersection of many snowmobile trails, near lakes, streams, rivers, and township parks; potential for land contract.
  • Rooms average 240+ sq ft; 10-14 RV spaces.
  • Recent renovations include new roofs, exterior, windows, blacktop, electrical, balconies, drywall, ceilings, gutters, and furniture.

Property Details for 22321 M-123

Property type
Hospitality properties, Hotels
Square Feet
18,802 SF
Year Renovated
2022
Buildings
3
Stories
2

Location Insight

City
Trout Lake
County
Chippewa
State
Michigan
Latitude
46.1830297
Longitude
-84.9952205

FAQs

What type of property is this?
Hospitality property - 41-Room Resort, Newly Renovated
Where is the hospitality property located?
The property is located at 22321 M-123 Trout Lake, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: $950,000 asking price for a 41-room Best Western resort in Trout Lake, MI.; Recently renovated (2022) 18,802 sq ft resort on ~13 acres.; Features include a 3,528 sq ft pool house, 2,640 sq ft restaurant, conference room, workout/game room, staff apartment, and a 3-bedroom private residence (1,476 sq ft).
How can I contact the broker?
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22321 M-123
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