12800 & 12862 Cherry Avenue Rapid City, MI 49676
86,249 Sq. Ft., 1.98 acres lot size / Multi-Family
Status: Sold
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An exceptional opportunity to own a resort property in one of Northern Michigan s most sought-after destinations - just steps from Torch Lake s legendary sandbar. This unique offering includes two separate parcels. The first features a completely updated 14-unit motel, thoughtfully updated and ready to generate immediate cash flow. Several rooms are equipped with pass-through doors, easily converting into larger multi-room suites to accommodate groups and families. The second parcel includes a 3-bed, 2-bath home, ideal for on-site manager accommodations or additional short or long-term rental income. With very few lodging options in the area, demand remains exceptionally strong, delivering minimal vacancy throughout the summer season. Guests will appreciate ample on-site parking, potential room to expand, a full commercial kitchen, lobby office, pavilion, and a whole-building generator. A comprehensive fire suppression system provides added peace of mind. Perfectly positioned for guests to enjoy everything the region has to offer, this property sits just a short drive from Elk Rapids, Alden, and Traverse City. Whether pursuing a turnkey investment, expanding a hospitality portfolio, or launching a lakeside business venture, this rare Torch Lake offering delivers location and income potential!
property details
Type
Multi-Family
Status
Closed
County
Antrim
Year Built
2000
Lot Size
86,249 Sq. Ft., 2 acres
Listing Id
80063354
Courtesy Of
Matthew Crane - Berkshire Hathaway Homeservices - TC mattcrane@bhhsmi.com
List Office Phone
+1 (231) 947-7777
Subdivision
Metes & Bounds
Interior Features
Appliances
Dishwasher
Refrigerator
Range
Oven
Refrigerator
Range
Oven
Exterior Features
Stories
1
Utility & Building Info
Below Grade Finished Area
0
Price Per Sq Meter
$0
Heating
Gas Heat
Building Area Total
0 Sq. Ft.
Architectural Style
1 Story
Northern Michigan MLS, Inc listings presented by:
203 Bridge St.
Charlevoix, Michigan 49720
(231) 547-9905
Price History
| date | event | price | source |
|---|---|---|---|
|
04/17/2026
04/17/2026
|
Sold |
$1,425,000
|
MI RealSource (MIMC) |
|
10/31/2025
10/31/2025
|
Active |
$1,600,000
|
MI RealSource (MIMC) |
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Market Trends
Source: Constellation1
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