4871 US Highway 31 Central Lake, MI ^$ 1,850,000

4871 US Highway 31

^$ 1,850,000

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4871 US Highway 31

Central Lake, MI, 49622

^$ 1,850,000

Bedrooms-- Baths-- Sq 5,654

Monthly Estimate*

^$ 11,542

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Commercial Property for sale in Central Lake, MI

for $1,850,000. This 5,654 square foot building was built in 1952 on a lot size of 2.76.

Income-earning and living opportunities like this only come along once in a lifetime. Located in one of the most picturesque locations in Michigan, minutes to Torch Lake & Lake Michigan, and a short drive to Elk Rapids or Charlevoix. Situated very close to a beautiful State Park (Barnes) along the shores of Lake Michigan & in proximity to an abundance of restaurants, wineries, vineyards, and orchards. Updated in 2016 with the addition of 6 new standalone cottages and a complete update of the 8 other motel rooms. The highly sought-after and highly reviewed Torch Bay Inn not only features updated and very welcoming rooms, but is also maintained and operated by its owners to make every guest feel like family and provide a relaxing and enjoyable stay. The pride of ownership is abundant from the time you walk in to the time you spend enjoying the patio, gardens, and the gas fire pit seating area. The property features a large 2-bedroom living area that could accommodate a full-time live-in

Commercial Active

Price

^$ 1,850,000

Property Type

Commercial

Taxes

^$ 9,000

Style

Business

Lot Size

2.76

Year Built

1952

Town/City

Central Lake

County/Region

Antrim

MLS | Web ID

70492942

Features

General

Heating Forced Air

Roof Composite

Status Active Active

Year Built 1952

Parking 21+ Spaces

County Antrim

Class COM/IND/BUS OPP

Type Business

Business Name Torch Bay Inn

Municipality Torch Lake Twp

Subdivision MI

Sale/Rent For Sale

Status Detail 0

Commercial Features Furniture

Area Torch Lake Twp (05014)

Primary City Central Lake

Directions North of Elk Rapids or South of Charlevoix US-31

City Central Lake

Financial Terms Cash Conventional

Legal Description COM AT THE NE 1/4 OF SEC 12; TH S 88 DEG W 1057.89 FT ALG N SEC LINE TO A PT IN THE C/L OF BARNES RD FOR POB; TH S 01 D

DOM 96

Postal Code 49622

Price Per Sq Ft Total AG 327.2

Public Remarks Income-earning and living opportunities like this only come along once in a lifetime. Located in one of the most picturesque locations in Michigan minutes to Torch Lake & Lake Michigan

Exterior

Exterior Frame Wood

Frontage 500

Lot Size Area 2.76

Lot Dimensions Irregular

Roads Paved Street

Waterfront Y/N No

Interior

Fuel Type Electric Natural Gas

* Excluded Features

List By

Thomas Rumble

Listing Agent

Exp Realty Llc

Broker

rprg.corp@gmail.com

Affordability Calculator

$12,292

Per Month

Monthly Principal & Interest: $11,542
Monthly Property Taxes: $750
Monthly Home Insurance: --

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Down Payment

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Central Lake, MI

Average List Price ^$1,078,286

Percent of Sale Price 42%

About Central Lake, MI

1,009 Population

1% Since 2002

^$44,878 Median Income

47.51 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/10/2025	$1,850,000		Listed Price

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4871 US Highway 31, Central Lake, MI, 49622 is a Commercial Property for sale at $1,850,000 with 5,654 sqft and a lot size of 2.76. 4871 US Highway 31 was built in 1952. The property's zip code is 49622 which is in Central Lake, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

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4871 US Highway 31

Commercial Property for sale in Central Lake, MI

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