7484 Karlin RdInterlochen, MI 49643

Property Details for 7484 Karlin Rd

Lot size

0.23 AC

Property size (Sq ft)

2,808 SF

Property type

Super regional malls

APN

06-500-009-00

APU

650000900

Description

The Karlin Inn, located at 7484 Karlin in Interlochen, MI, presents a unique opportunity to own a thriving, recently renovated business. This 3,000 square foot establishment sits on a 1.26-acre lot and is priced at $399,900. The sale includes all furniture, fixtures, and equipment, along with existing licenses, ensuring a seamless transition for the new owner. The inn boasts a modern interior while maintaining a cozy atmosphere, appealing to both locals and tourists. The current menu and offerings provide a solid foundation for continued success, allowing for immediate revenue generation. However, the opportunity also exists to inject your own creativity and culinary vision into the business. Ample parking is available on-site, and the sale further includes vacant lots across the street, offering potential for expansion or additional development. Benefit from the inn's strategic location, just four miles south of the Interlochen Arts Academy, twelve miles from Crystal Mountain, and nineteen miles from Traverse City, guaranteeing a steady stream of customers. The business is currently operational

• CAP approach

  CAP return

  Valuation

  6%

  $753,906

  6.5%

  $695,913

  7%

  $646,205

• Comparable approach

  Method

  Valuation

  Relative Method

  $921,670

  Geo Method

  $921,670

• Alternative Use

  Use

  Valuation

  Residential

  $587,029

  Hospitality

  $537,715

  Educational

  $447,373

  Medical

  $462,759

  Retail

  $695,913

Location Insight

City

Interlochen

County

Grand Traverse

State

Michigan

Latitude

44.5777

Longitude

-85.7838

CBSA code

45900

CBSA name

TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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