MI > Benzie > Frankfort > 905 Forest Avenue
  • MLS# 1878591
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Turnkey lodging property in beautiful downtown Frankfort on M22. Owner retiring. Includes 14 tastefully decorated rooms with heat, a/c, flat screen TV's, and microwave plus a 440 sf cabin with kitchen. Also includes a remodeled 2BR/1.5BA house with deck and basement storage currently used as an owner's residence, but could be rented for additional income. A short walk to downtown shopping, restaurants, movie theater and a sandy Lake Michigan beach. Close to the Betsie Valley bike trail, public boat launch with Lake Michigan access, marina, Crystal Lake and Sleeping Bear National Lakeshore. Listed at 17% cap rate based on 2019 financials. Strong growth trend with a 26% increase in 2019 revenue and a record July/August 2020. Owner has made ongoing improvements (see documents). Currently open April through October. Up North living at its best!

Property Information

Status
Active 
Address
905 Forest Avenue 
City
Frankfort 
Zip
49635 
Year Built
1940 
Listing Date
08/13/2020 
County
Benzie 
Possession
At Closing 
Parking
Common 
Price/SqFt
164.04 

Features

Current Use
Recreational/Resort 
Features
Furniture/Fixtures, Other 
Zoning
Residential 
Water
Municipal Water 
Sub Property Type
Hospitality 
Licenses
None 
Exterior Features
Stone, Vinyl, Wood 
Cooling
Forced Air, Mutiple Units, Natural Gas, Other, Window Air Conditioner 
Heating
Forced Air, Mutiple Units, Natural Gas, Other, Window Air Conditioner 

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  • Market Statistics
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Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1878591 Active Aug 13 2020 11:36AM $865,000 45
School Information
Local Business

Learn More About This Listing

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

800-871-9992

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

Listing Broker

MITAAR Logo

Listing Courtesy of Three West, Llc
Office Address 1131 E. Eighth Street

Real Estate One Family of Companies

905 Forest Avenue Frankfort
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$865,000
For Sale • Acres: 0.57 • Zoning: Residential