MI > Presque Isle > Onaway > 4492 Co Road 489

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4492 Co Road 489 Map / directions

Onaway, MI

49765 Market info

  • MLS# 1880031
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Tremendous opportunity to own a beachfront resort on one of Northern Michigan's largest inland lakes. Schell's Resort has been owned and operated by Bob & Lynn Schell for 50 years and finally they are considering retirement. Bob & Lynn have established long term relationships with most of their tenants, some that have been coming to the resort for generations. Summer 2021 is already almost completely booked! Main home is 3br, 2ba and nearly 2,000 sq ft, comes with a detached heated 2 car garage with bathroom and a 32'x16' pole barn. The 7 adorable cottages (five 3br/1ba, two 2br/1ba) come fully furnished and are in good, clean condition. The resort has almost 600' of waterfront made up of beautiful sandy beach on 10,000+ acre Black Lake, several boat slips on the Rainy River and there's even a private boat launch. This is a fantastic opportunity to own and operate as a resort or for a developer to break up to sell the cottages individually which would be easy to do because most of the structures already sit on their own individually taxed parcel. Note: Purchaser must honor the 2021 rental commitments.

Property Information

Status
Active 
Address
4492 Co Road 489 
City
Onaway 
Zip
49765 
Year Built
1984 
Listing Date
09/17/2020 
County
Presque Isle 
Waterfrontage
600.0 
Possession
Subject to Tena 
Parking
Common,Other 
Price/SqFt
116.67 

Features

Current Use
Recreational/Resort,Bed & Breakfast,Marina 
Features
Overhead Door(s) 
Zoning
Non-Conforming Use, Residential 
Water
Shared Well 
Sub Property Type
Mixed Use 
Licenses
None, Other, Special Use 
Exterior Features
Vinyl, Wood 
Cooling
Central Air, Forced Air, Mutiple Units, Natural Gas, Propane Gas, Space Heater 
Heating
Central Air, Forced Air, Mutiple Units, Natural Gas, Propane Gas, Space Heater 

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  • Market Statistics
  • Property History
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  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1880031 Active Sep 17 2020 11:16AM $875,000 164
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

Listing Broker

MITAAR Logo

Listing Courtesy of Coldwell Banker Schmidt-402
Office Address 402 E Front Street

Real Estate One Family of Companies

4492 Co Road 489 Onaway
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$875,000
For Sale • Acres: 1.28 • Zoning: Residential,Non-Conforming Use