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Kyle O'Grady

kyle@ogradyteam.com +1(231) 499-9999

Listed by REMAX Of Elk Rapids

$749,900

Est. payment - /mo

7 Baths

5,500 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,500 sqft

Price per Sqft $136

MLS Listing ID 1941715

Style Apartment

Year Built 1940

Lot Size 1.440 Acres

Acres 1.44

Property Sub-Type Multi Family

Property Description

Prime Business Opportunity on US 31 Elk Rapids/Traverse City Corridor! Positioned on one of Northern Michigan's most traveled routes. This 1.4 acre multi-building property is zoned R2, allowing for a wide range of uses. Located just 2 miles south of Elk Rapids, 12 miles north of Traverse City and 7 miles from Flintfields and the Traverse City Equestrian Festival that runs June through September. In particular this property has the Elk Rapids Township approval for 3 SHORT and LONG term rental units across 2 buildings which can potentially capture the lucrative summer rental period. Each unit is completely furnished with full kitchens, washers and dryers, and reverse osmosis drinking water.Two of the three units are protected by a fire suppression system and Generac generator. Also included is a Deeded 200' private shared beach on beautiful East Grand Traverse Bay- one mile south at the end of Sunset Shores Rd. Strategically located, this is a one of a kind property and is ideally suited for serving equestrian visitors, seasonal tourism and destination clients.

Location

State MI

Community Lake Privileges

Rooms

Basement Partial, Interior Entry

Interior

Interior Features In-Law Floorplan, Storage, Formal Dining Room, Great Room, Pantry, Cable TV, High Speed Internet

Heating Forced Air, Natural Gas

Fireplaces Type Other

Fireplace true

Appliance Refrigerator, Oven/Range, Dishwasher, Washer, Dryer

Exterior

Exterior Feature Sidewalk

Community Features Lake Privileges

Waterfront Description Public

Roof Type Asphalt

Garage false

Building

Story One and One Half

Foundation Block

Sewer Private Sewer

Water Public

Architectural Style Apartment

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Kyle O'Grady

+1(231) 499-9999

Team Leader, REALTOR® | License ID: 6501407456

Team Leader, REALTOR® License ID: 6501407456

10774 S US-31 Williamsburg, MI 49690

Kyle O'Grady

Key Details

Location

Rooms

Interior

Exterior

Building

Nearby Locations

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