$935,000
Dowagiac, MI 49047
MLS# 23137201
Status: Sold
5 beds | 3 baths | 3369 sqft
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Property Description
Discover an extraordinary investment/business/vacation rental or friend and family compound opportunity with a history of cash flow and a recent complete overhaul! This one-of-a-kind property sits in the epicenter of Sister Lakes, just steps from the area's top attractions and directly across the street from the only public beach in town. For decades this almost 4 acre property operated as a seasonal campground (28 lots) but was recently purchased and has undergone a TOTAL overhaul. The property is now presented as a private short-term rental property for large groups that includes the completely updated 3,300 sq+. foot Great House, 4 stylish retro Airstreams with 2 of them being updated, 2 teepees, a pole barn ''game room'', completely renovated bathhouse and hot-tub for 8. Start
Details
Maps
Documents
Location Property Info
County: Van Buren
Street #: 93283
Street Name: County Road 690
State: MI
Zip Code: 49047
OfficeContract Info
Status: Sold
List Price: $1,200,000
Current Price: $935,000
Listing Date: 2023-10-05
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 3.93
Lot Square Footage: 171191
Lot Dimensions: Irregular
Year Built: 1900
Road Frontage: 50
Garage Y/N: Yes
Income Property: Yes
Total Rooms AG: 15
Total Fin SqFt All Levels: 3369
SqFt Above Grade: 3369
Total Beds Above Grade: 5
Total Bedrooms: 5
Full Baths: 3
Total Baths: 3
Main Level Primary: Yes
Stories: 2
School District: Dowagiac
Waterfront: No
Tax Info
Tax ID #: 801203212710
Taxable Value: 127470
SEV: 131800
For Tax Year: 2023
Seller's Annual Property Tax: 6674
Tax Year: 2022
Spec Assessment & Type: None Known
Zoning: Commercial
Remarks Misc
Directions: M152 East, Turn South On County Road 690. Property on Left next to The Strand Brewery
Status Change Info
Under Contract Date: 2024-05-22
Sold Date: 2024-06-21
Sold Price: $935,000
Sold Price/SqFt: 277.53
Waterfront Options
Water Access Y/N: Yes
Access Feat
Accessibility Features: No
Upper Rooms
Upper Bedrooms: 3
Upper Full Baths: 2
Upper Level Square Feet: 1208
Total Baths Above Grade: 3
Main Rooms
Main Bedrooms: 2
Main Full Baths: 1
Main Level SQFT: 2161
Manufactured
Manufactured Y/N: No
Property Features
Water Type: Lake
Exterior Material: Vinyl Siding
Substructure: Crawl Space
Sewer: Public Sewer
Water: Well
Utilities Attached: High Speed Internet
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Parking Features: Detached
Architectural Style: Farmhouse
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Supplements
generating revenue quickly as this property comes turnkey! All FF&E, property amenities, operating supplies and 4 Airstreams are INCLUDED in the sale price!
There are multiple opportunities to generate additional income on this rare and valuable piece of commercial land. Pro formas with 3 different business models (using historical expense data and historical revenue data to forecast) are available upon request: (1) full property (Great House + Airstreams + Teepees) short-term rental (current model), (2) Great House short-term rental + 28 seasonal campground lots and (3) Great House short-term rental + nightly campground lot rentals. ALL 3 business models give ample opportunity to generate revenue.
Don't miss this unique and exciting property in Sister Lakes! Read what our guests have said on Airbnb after our SOLD OUT summer with ALL 5-star reviews!
Seller's Disclosure/ Lead Based Paint Listing Office: R1 Property Group
Listing Agent: Nate Paulus
Last Updated: June - 24 - 2024
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