For Sale
$649,000

11585 Ramsdam Rd Manistique, MI 49854

Profitable lakeside cabins, stunning location.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a thriving multifamily resort nestled on the shores of beautiful Thunder Lake in Manistique, Michigan. The property boasts 100 feet of prime lakefront and encompasses a 3-bedroom, 2,500 square-foot main house, along with four additional private cabins, perfect for short-term rentals. An expansive, nearly 1,500 square-foot lakeside deck enhances the property's appeal. The total square footage of all structures is 4,826 square feet, situated on a 1.09-acre lot. The property is currently generating a strong revenue stream from summer rentals, capitalizing on the region's popularity for outdoor recreation. Visitors are drawn to the area's natural beauty, including the Hiawatha National Forest and Pictured Rocks National Lakeshore, offering abundant opportunities for fishing, hiking, biking, swimming, boating, and exploring lighthouses and waterfalls. The main house provides comfortable on-site living, or can be incorporated into the rental program for increased income potential. Manistique's economic growth is further bolstered by initiatives like InvestUP, which supports local businesses and workforce development, including housing projects. This creates a stable and promising environment for long-term investment growth. The asking price for this turnkey operation is $649,000.

Highlights

  • Thriving multifamily resort on Thunder Lake in Manistique, MI, generating strong rental income.
  • Property includes a 2,500 sq ft, 3-bedroom main house and four private cabins totaling 4,826 sq ft on a 1.09-acre lot with 100 feet of lake frontage and a 1,500 sq ft deck.
  • Strong rental history capitalizing on the area's popularity for outdoor recreation near Hiawatha National Forest and Pictured Rocks National Lakeshore.
  • Turnkey operation with an asking price of $649,000.
  • Manistique's economic growth is supported by InvestUP, focusing on business support, workforce development, and housing initiatives, creating a stable investment environment.

Property Details for 11585 Ramsdam Rd

Property type
Hospitality properties, Hotels
Square Feet
4,826 SF
Lot Size (sq. ft)
47,480 SF

Location Insight

City
Manistique
County
Schoolcraft
State
Michigan
Latitude
46.1077409
Longitude
-86.4690267

FAQs

What type of property is this?
Hospitality property - Profitable lakeside cabins, stunning location.
Where is the hospitality property located?
The property is located at 11585 Ramsdam Rd Manistique, MI.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Thriving multifamily resort on Thunder Lake in Manistique, MI, generating strong rental income.; Property includes a 2,500 sq ft, 3-bedroom main house and four private cabins totaling 4,826 sq ft on a 1.09-acre lot with 100 feet of lake frontage and a 1,500 sq ft deck.; Strong rental history capitalizing on the area's popularity for outdoor recreation near Hiawatha National Forest and Pictured Rocks National Lakeshore.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
11585 Ramsdam Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message