About 12800 & 12862 Cherry Avenue
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!
Features of 12800 & 12862 Cherry Avenue
| MLS® # | 1940129 |
|---|---|
| Price | $1,600,000 |
| Square Footage | 9,501 |
| Acres | 1.98 |
| Year Built | 2000 |
| Type | Multi-Family |
| Sub-Type | 1 Story |
| Status | New |
Community Information
| Address | 12800 & 12862 Cherry Avenue |
|---|---|
| Subdivision | Metes & Bounds |
| City | Rapid City |
| County | Antrim |
| Province | MI |
| Postal Code | 49676-8604 |
Amenities
| Utilities | Private Well |
|---|---|
| Garages | Paved Driveway |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Interior Features | None |
|---|---|
| Appliances | Refrigerator, Oven/Range, Dishwasher |
| Heating | Natural Gas,Wall,Ductless A/C |
| Fireplace | Yes |
| Fireplaces | Gas |
| Has Basement | No |
| Basement | Slab |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Exterior Features | Handicap Access |
| Roof | Asphalt |
| Construction | Frame |
School Information
| District | Elk Rapids Schools |
|---|
Additional Information
| Date Listed | October 31st, 2025 |
|---|---|
| Days on Market | 1 |
| Zoning | Multi-Family |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | 2530 |
|---|