WATERWAY INN in Indian River. Profitable 4-Season business just renovated with a $252,000 investment. In the heart of the Inland Waterway a year round destination area. Only lodging facility within walking distance of downtown. Two boat launches within .5 mile. 1/2 mile to Burt Lake State Park. 1.25 miles from the Cross in the Woods. Offers extra real estate for building additional buildings. Includes: real estate, furnishings, equipment, business, profitable laundry service and the 3-bedroom owner's living quarters. About 2 acres of land just 300 ft off I-75 and 20 minutes to the best Ski resorts. Close to Petoskey, Harbor Sprints, Bay Harbor, Charlevoix and Mackinaw City. 24 bedrooms and 17 bathrooms. Adjoins snowmobile trails. Negotiable! Allocation of assets to maximize tax benefits.
General Information
Price: $990,000
Price/SqFt: $108
Status:
MLS#: 201827386
City: indian river
Post Office:
Schools: inlandlakes
County: Cheboygan
Acres: 0
Lot Dim: 2 Acres
Size: 9,177 sq.ft.
Year Built: 0
Tax, Fees & Legal
Est. Summer Taxes: $0 Est. Winter Taxes: $0 Buyer's Agency Compensation*:
*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Courtesy of: Joe Blachy of Petoskey Real Estate Group
