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Cedar Oaks Lakeside Resort 104 W Houghton Lake Dr 26 Room Hotel Prudenville, MI 48651 $1,641,239 CAD ($63,125 CAD/Room)
Investment Highlights
- Easily Accessible through M-55, US-127, & I-75.
- The Property is Made up of 17 Total Units w/ the Four Buildings, Comprised of Hotel Rooms, Cottages, Studios, & a Beach House
- Michigan North Central Area is a Large Submarket & Contains Around 15,000 Rooms Spread over 273 Properties.
- Beautiful Lake Frontage with Amazing Views of Private Houghton Lake
- Sully’s on The Lake is One of the Best Restaurants on Houghton Lake with Lake Views & Family Style Dining.
Executive Summary
MOXIE Real Estate + Development is pleased to list 104 W. Houghton Lake Drive, a prime opportunity for hospitality and resort investors. The building boasts 17 units, formally the home of Sully's on the Lake, one of the best restaurants on Houghton Lake. Located on Houghton Lake's East Bay, this property is poised to deliver outstanding returns for savvy investors looking to capitalize on the vibrant hospitality and resort market in Prudenville.
Property Facts
| Price | $1,641,239 CAD | Lot Size | 1.14 AC |
| Price Per Room | $63,125 CAD | Building Size | 16,304 SF |
| Sale Type | Investment | No. Rooms | 26 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1889 |
| Building Class | C | Corridor | Exterior |
| Zoning | C-W | ||
| Price | $1,641,239 CAD |
| Price Per Room | $63,125 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 16,304 SF |
| No. Rooms | 26 |
| No. Stories | 1 |
| Year Built | 1889 |
| Corridor | Exterior |
| Zoning | C-W |
Amenities
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 26 | $101.21 CAD | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $645,828 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$645,828 CAD
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Cedar Oaks Lakeside Resort | 104 W Houghton Lake Dr
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