505 Rainbow Park Trail Mio, MI $ 650,000
505 Rainbow Park Trail
$ 650,000
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505 Rainbow Park Trail

Mio, MI, 48647
$ 650,000
Baths0.0 Sq 11,000

Monthly Estimate*

$ 4,104

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Studio

Multi-Family Home for sale in Mio, MI

for $650,000. This 11,000 square foot home was built in 1958 on a lot size of 2.53.

Turnkey Northern Michigan Resort & Canoe Livery! Rare opportunity to own an established hospitality and outdoor recreation business in the heart of Northern Michigan. Rainbow Resort & Canoe Livery includes seven fully furnished rental cabins, a 3-bedroom, 2-bath owner's residence with basement, retail store/check-in office, pole barn, maintenance building, and approximately 2.53 acres across three contiguous parcels. The successful business features an established canoe, kayak, and tube livery with shuttle fleet, river landing lease through Consumers Energy, and Michigan DNR Commercial River Use Permit. Extensive equipment—including multiple 15-passenger shuttle vans, trailers, tractors, mowers, golf cart, and maintenance equipment—is included, making this a truly turnkey operation. Current ownership has completed numerous capital improvements, including cabin and residence renovations, store updates, new furnishings, landscaping, signage, fire pits, grills, kayaks, tubes, and more. With a loyal repeat customer base, established online presence, and outstanding opportunities to expand direct bookings, group events, retail sales, and outdoor recreation packages, this is an exceptional investment in one of Michigan's premier vacation destinations. visit www.rainbowresortmio.com for more information

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Multi-Family Active

Price

$ 650,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Ranch

Lot Size

2.53

Year Built

1958

Town/City

Mio

County/Region

Oscoda

MLS | Web ID

1949019

Features
Interior
Interior Amenities Loft Other
Fireplace Features Other
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N Y
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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General
Sewer Private Sewer
Heating Forced Air Natural Gas
Possession Negotiable
Roof Asphalt
Appliances Refrigerator Oven/Range
Architectural Style Ranch
Construction Materials Other Wood Siding
Pets Allowed false
Year Built 1958
Township Big Creek
Property Subtype Multi Family
Waterfront Features River
Community Features None Trails
Accessibility Other
Assoc Fee Paid Per Annually
County Oscoda
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Rainbow Resort
Garage Y/N N
Other Structures Guest House Other
Rent Includes Other
Status Active
Directions M-72 west from Mio 4.5 miles to Camp 10 Rd north 2.5 miles to property on right (505 Rainbow Park Trail / 731 Camp 10 Rd)
City Mio
High School District Mio-Ausable Schools
Zoning Description Commercial
Number Of Units Total 8
Lot Size Units Acres
Lot Size Square Feet 110206.8
Carport Y/N N
Home Warranty Y/N N
Ok to Lease Other
Lease Renewal Y/N N
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Mio-Ausable Schools
Elementary School District Mio-Ausable Schools
Tax Assessed Value 89500
Ownership Type Private Owner
Lease Amount Frequency Annually
Legal Description see attached legal docs
Freehold IDX
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Exterior
Exterior Amenities Other
Parking Features Detached Pole Construction
Water Source Private
Lot Size Area 2.53
Foundation Details Slab
Number of Buildings 3
Spa N
Lot Size Acres 2.53
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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* Excluded Features
List By
Berkshire Hathaway Homeservices - Tc

Broker

(231) 947-7777

Phone

Affordability Calculator

$4,104
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,104
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
2034173 Elementary School
2034461 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/7/2026$650,000 Listed Price

Map


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505 Rainbow Park Trail, Mio, MI, 48647 is a Multi-Family Home for sale at $650,000 with 11,000 sqft and a lot size of 2.53. 505 Rainbow Park Trail is a studio with 0.0 baths and was built in 1958. The property's zip code is 48647 which is in Mio, MI