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$1,674,900 -$175,100 (-9.46%) Price Reduced
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Property Description
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 manager 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.
Full Property Details
Full Property Details for 4871 US Hwy 31 N
General
- Price: $1,674,900
- Taxes: $9,000
- Status: Active
- Type: Business
- Source: SWMRIC_MLS
- MLS ID: 25046291
- Updated: 8/26/2026
- Added to Site: 351 day(s) ago
Business
- Business Type: Other
Interior
- Interior Features: Broadband
Rooms
Bathrooms
- Total Bathrooms: 15
- Full Bathrooms: 15
Parking
- Total Spaces: 50
Location
- Area: Outside MichRIC Area - Z
- County: Antrim
- Cross Streets: Barnes Park Rd (88) / US 31
- Driving Directions: North of Elk Rapids or South of Charlevoix US-31
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning, Wall Unit(s)
- Heating Type: Forced Air
Utilities
- Water: Private Water
- Utility Description: Natural Gas Available, Electricity Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Structural Information
- # Buildings: 8
- Foundation: Slab
- Roof: Composition
- Stories/Levels: 5654
- Square Feet: 5,654
- Year Built: 1952
Lot Features
- Lot Size (Acres): 2.76
- Lot Size (Sq. Ft.): 120,017
- Lot Dimensions: Irregular
- Frontage: Paved
Financial Considerations
- Tax Amount: $9,000
- Terms: Conventional, Cash
Disclosures and Reports
- Ownership: Proprietorship
- 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
- Property ID: 05-14-312-017-11
Listed by EXP Realty LLC, Thomas A Rumble
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Price & Sales History for 4871 US Hwy 31 N
Date
Details
Price
Change
Source
8/26/2026
Price Reduced
$1,674,900
-9.46%
MLS
9/10/2025
Listed
$1,850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4871 US Hwy 31 N
4871 US Highway 31 N, Central Lake, MI 49622 (MLS# 25046291) is a Business property. 4871 US Highway 31 N is currently listed for $1,674,900 and was received on September 10, 2025. Want to learn more about 4871 US Highway 31 N? Do you have questions about finding other Business real estate for sale in Central Lake? You can browse all Central Lake real estate or contact a Coldwell Banker agent to request more information.
