13436 Red Arrow Highway

Hospitality for Sale
Catylist Listing ID: 30570439
Property Subtypes: Vacation Rental(s)
Number of Units: 2 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 0.96 Acres
Sale Price: $415,000
Unit Price: $207,500 Per Unit
Property Use Type: Business
Name of Establishment: The Peacock Place
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/10/2020

Overview / Comments

Cash-flowing vacation rental for sale close to Lake Michigan in Harbor Country. Features two units: a 2,500 SF home & a 600 SF guesthouse, 900 SF unfinished basement. The property currently has occupancy for a total of 21 & parking for 20 vehicles. Estimated 7.9% capitalization rate for a year round short term rental operation. Financials available with signed confidentiality agreement. This is a turn-key operation, any items of sentimental value to the owner may be excluded from sale. Fenced back yard of 4,000 SF allows for outdoor events & 0.96-acre lot offers ample expansion opportunities. Zoned C (Commercial) with grandfathered use of Seasonal Resort Home under previous ordinance. Lease-option contract available with seasonal rent adjustment. Interior photos available - see agent.

Additional Details

Nearest MSA: Niles
County: Berrien
Taxing Authority: Chikaming Township
Tax ID/APN: 11-07-0010-0042-04-2
Zoning: MIXED USE
Retail Clientele: Family, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: Red Arrow Highway
Feet of Frontage: 125
Nearby Attractions: Lake Michigan
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Excellent
Year Built: 1950
Water Recreation: Other
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: On-site, parking for 20 vehicles
Heat Type: Hot Water
Heat Source: Central
Lot Frontage: 125
Water Service: Municipal
Sewer Type: Municipal
Legal Description: On file.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 915 3,100 8,835
Median Age: 54.59 53.96 48.98
Households: 433 1,471 3,851

Contact

Photograph of Listing Agent

Jonathon Hallberg

NAI Wisinski of West Michigan
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.