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Sold for $1,425,000
  • $1,425,000

    12800 & 12862 Cherry Ave, Rapid City, MI 49676

    --beds
    --baths
    9,501sqft
    Multi Family
    Built in 2000
    -- sqft lot
    $1,458,000 Zestimate®
    $150/sqft
    $1,353 Estimated rent

    Home value

    $1,458,000

    Estimated sales range

    Not available

    $1,353/mo

    Zestimate® history
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    $8,668/mo

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    What's special

    Multi-room suitesFull commercial kitchenAmple on-site parkingWhole-building generatorLobby officeOn-site manager accommodationsPass-through doors
    An exceptional opportunity to own a resort property in one of Northern Michigan’s most sought-after destinations - just steps from Torch Lake’s legendary sandbar. This unique offering includes two separate parcels. The first features a completely updated 14-unit motel, thoughtfully updated and ready to generate immediate cash flow. Several rooms are equipped with pass-through doors, easily converting into larger multi-room suites to accommodate groups and families. The second parcel includes a 3-bed, 2-bath home, ideal for on-site manager accommodations or additional short or long-term rental income. With very few lodging options in the area, demand remains exceptionally strong, delivering minimal vacancy throughout the summer season. Guests will appreciate ample on-site parking, potential room to expand, a full commercial kitchen, lobby office, pavilion, and a whole-building generator. A comprehensive fire suppression system provides added peace of mind. Perfectly positioned for guests to enjoy everything the region has to offer, this property sits just a short drive from Elk Rapids, Alden, and Traverse City. Whether pursuing a turnkey investment, expanding a hospitality portfolio, or launching a lakeside business venture, this rare Torch Lake offering delivers location and income potential!

    Zillow last checked:

    Listing updated:

    Listed by:

    Matthew Crane Cell:231-350-9386,

    Berkshire Hathaway Homeservices - TC 231-947-7777,

    Jonathan Crane,

    Berkshire Hathaway Homeservices - TC

    Bought with:

    Matthew Crane, 6501456322

    Berkshire Hathaway Homeservices - TC

    Source: NGLRMLS,MLS#: 1940129MLS Logo

    Facts & features

    Interior

    Heating
    • Wall Furnace, Natural Gas
    Cooling
    • Ductless
    Appliances
    • Included: Refrigerator, Oven/Range, Dishwasher
    Features
    • None
    • Has fireplace: Yes
    • Fireplace features: Gas
    Interior area
    • Total structure area: 9,501
    • Total interior livable area: 9,501 sqft

    Property

    Parking
    • Parking features: Paved
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: Handicap Access, Accessible Doors, Accessible Hallway(s), Main Floor Access, Accessible Entrance, Covered Entrance, Low Threshold Shower
    Features
    • Levels: One
    • Stories: 1
    • Waterfront features: None
    Lot
    • Size: 1.98 Acres
    Details
    • Additional structures: None
    • Parcel number: Multiple See Docs
    • Zoning description: Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame, Vinyl Siding
    • Foundation: Slab
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 2000

    Utilities & green energy

    • Sewer: Private Sewer
    • Water: Private

    Community & HOA

    Community
    • Features: None
    • Subdivision: Metes & Bounds
    Location
    • Region: Rapid City

    Financial & listing details

    • Price per square foot: $150/sqft
    • Tax assessed value: $443,904
    • Price range: $1.4M - $1.4M
    • Date on market: 10/31/2025
    • Cumulative days on market: 167 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Conventional,Cash
    • Ownership type: Private Owner
    • Lease term: Not For Lease
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    4/16/2026Sold$1,425,000-10.9%$150/sqft
    Source: NGLRMLS #1940129 Report a problem
    10/31/2025Listed for sale$1,600,000$168/sqft
    Source: NGLRMLS #1940129 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 49676

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Elk Rapids Schools

    Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,458,000
    2% more
    +$29,160
    With Zillow Showcase(estimated)
    $1,487,160