For Sale
$1,200,000

9117 M-37 Baldwin, MI 49304

Turnkey Canoe Livery & RV Park

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional turnkey business opportunity in Baldwin, Michigan, presents a profitable Canoe and Kayak Livery combined with a small RV park. Located on M-37 in Lake County, this Class A property boasts seven RV sites, each equipped with full hookups (electric, water, and sewer). The sale includes the real estate, encompassing an office, store, restrooms, and a maintenance building. All necessary equipment is included: maintenance equipment, trucks, trailers, canoes, kayaks, rafts, and tubes. The business also offers river rafting and a car spotting service, contributing to its strong financial performance. The property enjoys a prime location adjacent to one of Michigan's premier rivers, ensuring consistent customer traffic. Financial records demonstrate a 16% capitalization rate, with projections indicating continued growth. The asking price for this well-established and highly profitable business is $1,200,000, representing $171,428.57 per unit. This is a rare opportunity to acquire a thriving, established business with significant growth potential in a desirable location. The property is ready for immediate operation, offering a seamless transition for new ownership. Detailed financial information is available upon request. The zip code is 49304.

Highlights

  • Turnkey canoe/kayak livery and RV park business for sale in Baldwin, MI.
  • Seven RV sites with full hookups.
  • Includes all equipment (maintenance, trucks, trailers, watercraft).
  • Prime location on M-37 near a major river, offering river rafting and car spotting services.
  • 16% capitalization rate, asking price $1,200,000.

Property Details for 9117 M-37

Property type
Hospitality properties, Motels
Class
A
Units
7

Location Insight

City
Baldwin
County
Lake
State
Michigan
Latitude
43.9263941
Longitude
-85.8690933

FAQs

What type of property is this?
Hospitality property - Turnkey Canoe Livery & RV Park
Where is the hospitality property located?
The property is located at 9117 M-37 Baldwin, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Turnkey canoe/kayak livery and RV park business for sale in Baldwin, MI.; Seven RV sites with full hookups.; Includes all equipment (maintenance, trucks, trailers, watercraft).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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9117 M-37
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