An exceptional opportunity to own a resort property in one of Northern Michigan�s most sought-after destinations - just steps from Torch Lake�s legendary sandbar. This unique offering includes two separate parcels. The first features a completely updated 14-unit motel, thoughtfully updated and ready to generate immediate cash flow. Several rooms are equipped with pass-through doors, easily converting into larger multi-room suites to accommodate groups and families. The second parcel includes a 3-bed, 2-bath home, ideal for on-site manager accommodations or additional short or long-term rental income. With very few lodging options in the area, demand remains exceptionally strong, delivering minimal vacancy throughout the summer season. Guests will appreciate ample on-site parking, potential room to expand, a full commercial kitchen, lobby office, pavilion, and a whole-building generator. A comprehensive fire suppression system provides added peace of mind. Perfectly positioned for guests to enjoy everything the region has to offer, this property sits just a short drive from Elk Rapids, Alden, and Traverse City. Whether pursuing a turnkey investment, expanding a hospitality portfolio, or launching a lakeside business venture, this rare Torch Lake offering delivers location and income potential!
Rapid City is located in Michigan. Rapid City, Michigan has a population of 1,403. Rapid City is less family-centric than the surrounding county with 16.23% of the households containing married families with children. The county average for households married with children is 27.44%.
The median household income in Rapid City, Michigan is $53,750. The median household income for the surrounding county is $50,363 compared to the national median of $69,021. The median age of people living in Rapid City is 51.8 years.
The average high temperature in July is 79.9 degrees, with an average low temperature in January of 15.9 degrees. The average rainfall is approximately 31.8 inches per year, with 117.8 inches of snow per year.
