5961 E Oslo Street, Williamsburg, Michigan

$14,900,000

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1,780

Square feet

18.16

Acres

About 5961 E Oslo Street

Presenting KOTI, the Finnish word for "home", a rare investment opportunity in one of Michigan’s premier vacation destinations. This Scandinavian-inspired resort spans approximately 18 acres of pristine Northern Michigan landscape, situated just a ¼ mile from the East Arm of Grand Traverse Bay and within minutes to downtown Traverse City. KOTI’s unique design and location make it the ideal spot for everything from quiet getaways to family vacations, reunions, and more. The planned community includes up to 76 stand-alone cottages, each featuring the signature elements of Scandinavian design: warm functionality, simplicity, and beauty. With both 2- and 3-bedroom options, the cabins are designed to blend comfort with style, creating an inviting atmosphere for all guests. To date, 21 cottages have been completed and are currently being leased, generating close to $700,000 in rental income annually. Also included is a fully renovated restaurant with liquor license and a Class C SDM, allowing for the sale of packaged wine and beer, as well as a 13,000 sq ft event center, a 4,500 sq ft commercial kitchen, and a 1,000 sq ft visitor center/store with an office. Additionally, this property is pre-approved for an expanded mixed-use complex with up to 120,000 sq ft for hotel, condo, office, and retail spaces. With roads, utilities, walkways, and bridges already in place, KOTI is ready for the next stage of development. Located near premier attractions like Grand Traverse Resort & Spa, Turtle Creek Hotel & Casino, and Flint Fields, KOTI is uniquely positioned to become one of Michigan’s most distinctive vacation rental resort communities. Capture this once-in-a-lifetime chance to invest in a truly exceptional destination that showcases the best of Scandinavian-inspired design, Northern Michigan hospitality, and breathtaking natural surroundings.

Features of 5961 E Oslo Street

MLS® # 1928608
Price $14,900,000
Bathrooms 0.00
Square Footage 1,780
Acres 18.16
Year Built 2023
Type Commercial
Sub-Type Mixed Use, Commercial Sale
Status Active

Community Information

Address 5961 E Oslo Street
Subdivision KOTI Vacation Rentals
City Williamsburg
County Grand Traverse
Province Michigan
Postal Code 49690

Amenities

Utilities WATER: Municipal Water SEWER: Municipal
Features Additional Buildings
Parking Paved, Parking Lot
Is Waterfront No

Interior

Heating Natural Gas, Forced Air, Central Air
Has Basement No
Basement Slab

Exterior

Exterior Features Wood
Lot Description IRREG
Roof Metal, Other
Construction Frame

Additional Information

Date Listed October 30th, 2024
Days on Market 227
Zoning Other, Commercial, Planned Unit Development
Short Sale No
RE / Bank Owned No

Listing Details

OfficeREMAX Bayshore - W Bay Shore Dr TC

Listing Map

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