Listing Detail

Description:

Tremendous opportunity to own a beachfront resort on one of Northern Michigan's largest inland lakes. Schell's Resort has been owned and operated by Bob & Lynn Schell for 50 years and finally they are considering retirement. Bob & Lynn have established long term relationships with most of their tenants, some that have been coming to the resort for generations. Summer 2021 is already almost completely booked! Main home is 3br, 2ba and nearly 2,000 sq ft, comes with a detached heated 2 car garage with bathroom and a 32'x16' pole barn. The 7 adorable cottages (five 3br/1ba, two 2br/1ba) come fully furnished and are in good, clean condition. The resort has almost 600' of waterfront made up of beautiful sandy beach on 10,000+ acre Black Lake, several boat slips on the Rainy River and there's even a private boat launch. This is a fantastic opportunity to own and operate as a resort or for a developer to break up to sell the cottages individually which would be easy to do because most of the structures already sit on their own individually taxed parcel. Note: Purchaser must honor the 2021 rental commitments.

Listing Details:

Price:
$875,000
MLS#:
1880031
Address:
4492 Co Road 489
Onaway

Property Information:

Subdivision:
Schell's Resort
School District:
 
Township:
North Allis
County:
Presque Isle
Taxes:
 
Special Assess:
Condo:
Annual Assn Fee:
Lot Number:
Section:
5
Acres:
1.28
Lot Dimensions:
irregular
Water Frontage:
600 ' Black Lake
Access:
Private

Additional Information:

Type:
Mixed Use
Zoning:
Non-Conforming Use, Residential
Construction:
Frame
Roof:
Asphalt
Floor Type:
Location:
Other
Road Frontage:
Blacktop, Public Maintained
Basement:
Crawl Space, Slab
Heating/Cooling Source:
Mutiple Units, Natural Gas, Propane Gas
Heating/Cooling Type:
Forced Air, Central Air, Space Heater
Water/Waste:
Shared Well / Dry Well, Private Septic
Extras:
Overhead Door(s)
Licenses:
None, Other, Special Use
Full-Time Employees:
Listing is courtesy of Coldwell Banker Schmidt-402 231-922-2350