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Jenn Smart

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519 Lake , Frankfort, MI 49635
$990,000
Est. Payment: $5,159.03/mo
0 Bed
0 Bath
4033 Sqft
Status: active | Days on site: 363
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Discover a rare chance to own a family-run motel and home just steps from downtown Frankfort and the Lake Michigan shoreline. This well-established business built in 1988 has been lovingly maintained by the original owners and boasts a loyal client base of repeat guests who return year after year. The picturesque grounds feature a charming creek, gazebo, and picnic area—perfect for relaxation and outdoor gatherings. Directly across the street lies the scenic Betsie Bay and the Betsie Valley Bike Trail, offering easy access to both Frankfort and Elberta’s shops, restaurants, theater, library, public boat launch and the stunning beaches of Lake Michigan. The motel includes 9 guest rooms including 4 rooms with two full beds, 2 rooms with three full beds and 3 rooms with queen beds. There is also potential to create additional guest accommodations or reconfigure the layout to fit a new vision. The owner’s home doubles as the check-in area and includes a comfortable single-family residence with a studio apartment on the second level, ideal for guest lodging or long-term rental income. Recent upgrades provide peace of mind include new heating/cooling units, beds, carpeting, and updated bathrooms in every room. A new roof, sealed driveway, underground electric, and new gas lines for the motel. The home has new windows, roof and the start of renovations to finish off more living space. This property presents endless possibilities—expand the motel, transform it into a charming Bed & Breakfast, add an event venue, or create additional guest accommodations. Situated along the iconic M-22 Scenic Drive, this location is unbeatable—just minutes from Sleeping Bear Dunes National Lakeshore, Crystal Lake, world-class trout streams, and endless hiking and biking trails. Guests can enjoy the best of northern Michigan right outside their door. A rare turnkey opportunity to own a thriving hospitality business in one of Michigan’s most beloved destinations.

Highlights

Listed by Kari King , 231-651-0923 Century 21 Northland-Frankfort , 231-352-7123. MiRealSource, Inc. mls logo

Property Type

Business Opportunity

Lot/Acreage
0.97

Year Built

1966

County

Benzie

Area

Crystal Lake Twp (10005)

Neighborhood

None

Listing ID

80061151

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Heat Pump(s),Wall/Window A/C
Fireplaces:
Above Ground Sq Ft:4033
Water:Private Well

Exterior Features

Lot Dimensions:208x142x297x142
Zoning:Commercial,Residential
Roof:Asphalt
Sewer:Public Sanitary
Parking Features:Parking Lot
Principal Interest
$5,159
Taxes
$631

Home Price

$990,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$198,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,159.03

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,159.03 $631.13 $0.00 $5,790.15
Yearly $61,908.33 $7,573.50 $0.00 $69,481.83
Total $1,857,249.97 $227,205.00 $0.00 $2,084,454.97
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Frankfort, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T04:57:55.100Z

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