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

Central Lake, MI, 49622
$ 1,850,000
Bedrooms-- Baths15.0 Sq 5,654

Monthly Estimate*

$ 11,542

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Commercial Property for sale in Central Lake, MI

for $1,850,000 with 15 full baths. 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-inmanager or an on-site owner operator, ample parking for guests, an oversized 2 stall garage/workshop, an expanded area for boat trailers & campers, plus enough land to expand the operations for more cabins. Meticulously maintained, and attention to detail went into every aspect of this high-producing gem of a property. Income statements and disclosures are available upon request with a signed NDA.

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Commercial Active

Price

$ 1,850,000

Full Bath

15

Property Type

Commercial

Taxes

$ 9,000

Style

BusinessandRealEstate

Lot Size

2.76

Year Built

1952

Town/City

Central Lake

County/Region

Antrim

MLS | Web ID

65025046291

Features
General
Sewer PrivateSewer
Heating Electric ForcedAir NaturalGas
Cooling CentralAir WallUnits
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneConnected
Possession CloseOfEscrow
Roof Composition
Construction Materials Frame WoodSiding
Year Built 1952
Property Subtype BusinessandRealEstate
Tax Year 2024
Ownership Proprietorship
Business Name Torch Bay Inn
County Antrim
New Construction N
Property Type BusinessOpportunity
HOA N
Attached Garage N
Garage Y/N N
Building Features Furniture
Status Active
Directions North of Elk Rapids or South of Charlevoix US-31
City TorchLakeTownship_Antrim
Disclosures InventoryIncluded
Senior Community Y/N N
High School District CentralLake
Number Of Units Total 15
MLS Area Area88021TorchLakeTwp
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 9000.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units SquareFeet
Standard Status Active
Tax Assessed Value 290449
Ownership Type SoleProprietor
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
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Exterior
Parking Features Aggregate
Water Source Private
Total Parking 50.0
Lot Size Area 120017.0
Foundation Details Slab
Number of Buildings 8
Spa N
Building Area Total 5654.0
Lot Dimensions Irregular
Lot Size Acres 2.76
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Total Baths 15
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Internal Only
Street Number 1 4871
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* Excluded Features
List By
Thomas A Rumble

Listing Agent

Exp Realty Llc

Broker

(616) 250-6751

Phone

Affordability Calculator

$12,292
Per Month
94%
6%
0%
Monthly Principal & Interest
$11,542
Monthly Property Taxes
$750
Monthly 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
4909321 Elementary School
4909267 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/10/2025$1,850,000 Listed Price

Map


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4871 US Highway 31 N, 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 N has 15.0 baths and was built in 1952. The property's zip code is 49622 which is in Central Lake, MI