905 Forest Avenue
Frankfort, MI 49635
Photo A Photo B Photo C
Photo D Photo E Photo F
Photo G Photo H Photo I
Turnkey lodging property in beautiful downtown Frankfort on M22. Owner retiring. Includes 14 tastefully decorated rooms with heat, a/c, flat screen TV's, compact refrigerator, and microwave plus a 440 sf cabin with kitchen. Also includes a remodeled 2BR/1.5BA house with deck and basement storage currently used as an owner's residence, but could be rented for additional income. A short walk to downtown shopping, restaurants, movie theater and a sandy Lake Michigan beach. Close to the Betsie Valley bike trail, public boat launch with Lake Michigan access, marina, Crystal Lake and Sleeping Bear National Lakeshore. Listed at 17% cap rate based on 2019 financials. Strong growth trend with a 26% increase in 2019 revenue and a record July/August 2020. Owner has made ongoing improvements (see documents). Currently open April through October. Up North living at its best!

Customer Care
Phone: 800-871-9992
[email protected]
Customer Care
Property Details
Status: Contingency
Listing Date 08/13/2020
County: Benzie
Acreage: 0.57
Lot Dimensions: 150 X 166
Price/SqFt: $164
Zoning: Residential
Current Use: Recreational/Resort
Water: Municipal Water
Features: Furniture/Fixtures, Other
Sub Property Type: Hospitality
Possession: At Closing
Total Finished SqFt: 5,273
Year Built: 1944
Parking: Common
Exterior Features: Stone, Vinyl, Wood
Cooling: Forced Air, Mutiple Units, Natural Gas, Other, Window Air Conditioner
Heating: Forced Air, Mutiple Units, Natural Gas, Other, Window Air Conditioner
Listing Office: Three West, Llc
Office Address: 1131 E. Eighth Street
Listing Number: 1878591
THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Wednesday, October 28, 2020. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.