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Listed by Century 21 Northland-Elk Rapids
$850,000
Est. payment /mo
3,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $265
MLS Listing ID 1947292
Year Built 1895
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Hospitality
Property Description
Bridgewalk Estates, nestled in the heart of Central Lake, is a boutique hotel and event space where rustic charm meets modern comfort. The hotel boasts 5 beautifully decorated suites, with private baths for each, a beautiful sitting room, piano room, large dining area, shared kitchen and laudry on premise. The lower level has been thoughtfully reimagined as a speakeasy/barrel room and can host guests on-site or be rented for special events. There is even an owners suite with bath located just off the garage, which has all just been remodeled. The whimsical grounds includes a Knowles Creek, which meanders through the property, a deck overlooking the area, fire pit and various lounging areas. All while being in the heart of Central Lake; walk to stores, Mammoth and Fudgies. Minutes from a public boat launch and park to enjoy Intermediate Lake. Plus you are not far from fun neighboring towns like Bellaire, Charlevoix and Bay Harbor. This successful hotel is currently income producing and but has even more potential to expand on its revenue with strategic marketing and event planning; Collaborations in the region with vendors is a key source to pursue for new owners. This is a MUST see to truly understand the beauty and potential of the space. The Hotel comes turn-key with all items included, making this is wonderful oppportunity to take the keys and continue bookings throughout the coming seasons.
Location
State MI
Rooms
Basement Full, Finished Rooms, Daylight, Interior Entry
Interior
Heating Forced Air, Natural Gas
Exterior
Waterfront Description Public
Roof Type Asphalt
Garage false
Building
Sewer Public Sewer
Water Public
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Kyle O'Grady
Team Leader, REALTOR® | License ID: 6501407456
Team Leader, REALTOR® License ID: 6501407456