519 Lake Street new Save Request In-Person Tour Request Virtual Tour
Frankfort,MI 49635
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 4,033 sqft
Price per Sqft $297
Subdivision Mi
MLS Listing ID 80061151
Year Built 1966
Lot Size 0.970 Acres
Acres 0.97
Lot Dimensions 208x142x297x142
Property Sub-Type Business
Property Description
Discover a rare chance to own a family-run motel and home just steps from downtown Frankfort and the Lake Michigan shoreline. This well-established business has been lovingly maintained by the original owners and boasts a loyal client base of repeat guests who return year after year. The picturesque grounds feature a charming creek, gazebo, and picnic area—perfect for relaxation and outdoor gatherings. Directly across the street lies the scenic Betsie Bay and the Betsie Valley Bike Trail, offering easy access to both Frankfort and Elberta’s shops, restaurants, theater, library, public boat launch and the stunning beaches of Lake Michigan. The motel includes 9 guest rooms including 4 rooms with two full beds, 2 rooms with three full beds and 3 rooms with queen beds. There is also potential to create additional guest accommodations or reconfigure the layout to fit a new vision. The owner’s home doubles as the check-in area and includes a comfortable single-family residence with a studio apartment on the second level, ideal for guest lodging or long-term rental income. Recent upgrades provide peace of mind include new heating/cooling units, beds, carpeting, and updated bathrooms in every room. A new roof, sealed driveway, underground electric, and new gas lines for the motel. The home has new windows, roof and the start of renovations to finish off more living space. This property presents endless possibilities—expand the motel, transform it into a charming Bed & Breakfast, add an event venue, or create additional guest accommodations. Situated along the iconic M-22 Scenic Drive, this location is unbeatable—just minutes from Sleeping Bear Dunes National Lakeshore, Crystal Lake, world-class trout streams, and endless hiking and biking trails. Guests can enjoy the best of northern Michigan right outside their door. A rare turnkey opportunity to own a thriving hospitality business in one of Michigan’s most beloved destinations.
Location
State MI
County Benzie
Area Crystal Lake Twp (10005)
Zoning Commercial,Residential
Interior
Heating Wall Heat,Forced Air,Heat Pump(s)
Cooling Heat Pump(s),Wall/Window A/C
Exterior
Parking Features Parking Lot
Roof Type Asphalt
Building
Foundation Basement,Crawl
Water Private Well
Structure Type Aluminum,Frame,Vinyl Siding
Others
Ownership Private
Energy Description Electric,Natural Gas
Financing Cash,Commercial Loan,Conventional