505 Rainbow Park Trail
Mio, MI, 48647 $ 650,000
Baths0.0 Monthly Estimate*
$ 4,104
Studio for $650,000. This 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 equipmentââ¬âincluding multiple 15-passenger shuttle vans, trailers, tractors, mowers, golf cart, and maintenance equipmentââ¬âis 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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FeaturesGeneralHeating Forced Air
Possession Negotiable (Possession)
Garage Detached Garage
Water Private Well
Appliances Range/Oven Refrigerator
Status Active Active
Year Built 1958
Parking Garage
Subdivision Rainbow Resort MI
Style Ranch
Class MULTIFAMILY
Type Multi-Family
Ownership Private
Municipality Big Creek Twp
Section 10
Zoning Commercial
Sale/Rent For Sale
Status Detail 0
Area Big Creek Twp (68001)
Primary City Mio
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
School District Mio Au Sable Schools
Financial Terms Exchange/Trade
Legal Description see attached legal docs
DOM 6
Postal Code 48647
Public Remarks
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ExteriorExterior Wood
Lot Size Area 2.53
Lot Dimensions see docs
Water Features River Frontage
Waterfront Y/N No
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InteriorTotal Number of Units 8
Fuel Type Natural Gas
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* Excluded FeaturesList ByMarissa SpencerListing Agent
Berkshire Hathaway Homeservices - TcBroker
marissaspencer@bhhsmi.comEmail
Affordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in Mio, MI
Average List Price $650,000
Percent of Sale Price 0%
About Mio, MI 1,971 Population
-2% Since 2002
$ 32,809 Median Income
49.05 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
2515071 Elementary School
2515242 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/7/2026 | $650,000 | | Listed Price |