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$ 990,000
Est. payment | /mo
9,177 SqFt
$ 990,000
Est. payment | /mo
9,177 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 9,177 sqft
Price per Sqft $107
Municipality Tuscarora Twp
Subdivision Tuscarora Twp
MLS Listing ID 80054972
Originating Board MiRealSource
Year Built 1993
Lot Size 2.000 Acres
Acres 2.0
Property Sub-Type Business
Property Description
Exceptional opportunity to own the Waterway Inn—Indian River’s top-rated lodging facility and a thriving, fully renovated four-season business in the heart of Northern Michigan’s Inland Waterway. Sitting on nearly 2 acres of commercial-zoned land just 300 feet off I-75, this turnkey property offers significant growth potential with room for expansion. Originally purchased as the Coach House Motel in 2019, the owners have invested over $400,000 in improvements, elevating the property’s reputation to a 4.6-star Google rating and earning the #1 spot on TripAdvisor for lodging in Indian River. The Inn features 11 fully updated rooms, six income-producing mobile homes, and a spacious 3-bedroom, 1-bath owner’s quarters. A profitable public drop-off laundry serv
Location
State MI
County Cheboygan
Zoning Commercial
Interior
Heating Forced Air
Exterior
View Y/N No
Listed by Berkshire Hathaway Homeservices Michigan - TC
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