For Sale
$14,900,000

5961 Oslo St Williamsburg, MI 49690

Luxury Resort, Restaurant, Event Space

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 18-acre Northern Michigan resort offers a unique investment opportunity. Currently featuring 21 completed cottages generating nearly $700,000 in annual rental income, a fully renovated restaurant with a liquor license and Class C SDM, a 13,000 sq ft event center, a 4,500 sq ft commercial kitchen, and a 1,000 sq ft visitor center/store with an office. The property is pre-approved for a significant expansion, adding up to 120,000 sq ft of mixed-use space for hotels, condos, offices, and retail. Located just 1.4 miles from Grand Traverse Bay and minutes from downtown Traverse City, near premier attractions like Grand Traverse Resort & Spa and Turtle Creek Casino. Infrastructure including roads, utilities, walkways, and bridges are already in place, making this a turnkey opportunity to expand a thriving resort community with up to 76 stand-alone cottages, each showcasing Scandinavian design. The asking price is $14,900,000. This presents a rare chance to acquire a well-established and expandable hospitality, retail, and event venue in a prime Michigan vacation destination.

Property Details for 5961 Oslo St

Property type
Lifestyle centers, Power centers

Location Insight

City
Williamsburg
County
Grand Traverse
State
Michigan
Latitude
44.7726659
Longitude
-85.4935584

FAQs

What type of property is this?
Lifestyle center - Luxury Resort, Restaurant, Event Space
Where is the lifestyle center located?
The property is located at 5961 Oslo St Williamsburg, MI.
What is the asking price?
The asking price for this property is $14,900,000.
How can I contact the broker?
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5961 Oslo St
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