49
See all 49 photos
$990,000
Est. payment /mo
2 Acres Lot
Active
6100 M-68 Indian River, MI 49749
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Municipality Tuscarora Twp
Subdivision Tuscarora Twp
MLS Listing ID 80055114
Year Built 1993
Lot Size 2.000 Acres
Acres 2.0
Lot Dimensions Irregular
Source MiRealSource
Property Description
Exceptional opportunity to own the Waterway Inn—Indian River’s top-rated lodging facility and a thriving, fully renovated four-season business in the heart of Northern Michigan’s Inland Waterway. Sitting on nearly 2 acres of commercial-zoned land just 300 feet off I-75, this turnkey property offers significant growth potential with room for expansion. Originally purchased as the Coach House Motel in 2019, the owners have invested over $400,000 in improvements, elevating the property’s reputation to a 4.6-star Google rating and earning the #1 spot on TripAdvisor for lodging in Indian River. The Inn features 11 fully updated rooms, six income-producing mobile homes, and a spacious 3-bedroom, 1-bath owner’s quarters. A profitable public drop-off laundry serv
Location
State MI
County Cheboygan
Rooms
Basement Slab
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Structure Type Wood Siding
Others
Acceptable Financing Cash
Listing Terms Cash
Listed by Berkshire Hathaway Homeservices - TC