Skip main navigation
For sale
  • $650,000

    505 Rainbow Park Trl, Mio, MI 48647

    --beds
    --baths
    11,000sqft
    : 
    $4,523/mo
    Get pre-qualified
    Multi Family
    Built in 1958
    -- sqft lot
    $-- Zestimate®
    $59/sqft
    $-- HOA

    What's special

    Pole barnMaintenance buildingFire pitsStore updatesCabin and residence renovationsNew furnishings
    Turnkey Northern Michigan Resort & Canoe Livery! Rare opportunity to own an established hospitality and outdoor recreation business in the heart of Northern Michigan. Rainbow Resort & Canoe Livery includes seven fully furnished rental cabins, a 3-bedroom, 2-bath owner's residence with basement, retail store/check-in office, pole barn, maintenance building, and approximately 2.53 acres across three contiguous parcels. The successful business features an established canoe, kayak, and tube livery with shuttle fleet, river landing lease through Consumers Energy, and Michigan DNR Commercial River Use Permit. Extensive equipment—including multiple 15-passenger shuttle vans, trailers, tractors, mowers, golf cart, and maintenance equipment—is included, making this a truly turnkey operation. Current ownership has completed numerous capital improvements, including cabin and residence renovations, store updates, new furnishings, landscaping, signage, fire pits, grills, kayaks, tubes, and more. With a loyal repeat customer base, established online presence, and outstanding opportunities to expand direct bookings, group events, retail sales, and outdoor recreation packages, this is an exceptional investment in one of Michigan's premier vacation destinations. visit www.rainbowresortmio.com for more information
    91 days
    386
    38

    Zillow last checked:

    Listing updated:

    Listed by:

    Marissa Spencer 231-947-7777,

    Berkshire Hathaway Homeservices - TC 231-947-7777,

    Kenneth Weaver 231-668-6303,

    Berkshire Hathaway Homeservices - TC

    Source: NGLRMLS,MLS#: 1949019MLS Logo

      Facts & features

      Interior

      Heating
      • Forced Air, Natural Gas
      Appliances
      • Included: Refrigerator, Oven/Range
      Features
      • Loft, Other
      • Has fireplace: Yes
      • Fireplace features: Other
      Interior area
      • Total structure area: 11,000
      • Total interior livable area: 11,000 sqft

      Property

      Parking
      • Parking features: Detached, Pole Construction
      Accessibility
      • Accessibility features: Other
      Features
      • Exterior features: Other
      • Waterfront features: River
      Lot
      • Size: 2.53 Acres
      Details
      • Additional structures: Guest House, Other
      • Parcel number: 00131001200 see docs
      • Zoning description: Commercial

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Ranch
      • Property subtype: Multi Family
      Materials
      • Other, Wood Siding
      • Foundation: Slab
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1958

      Utilities & green energy

      • Sewer: Private Sewer
      • Water: Private

      Community & HOA

      Community
      • Features: None, Trails
      • Subdivision: Rainbow Resort
      Location
      • Region: Mio

      Financial & listing details

      • Price per square foot: $59/sqft
      • Tax assessed value: $89,500
      • Price range: $650K - $650K
      • Date on market: 8/7/2026
      • Cumulative days on market: 91 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: 1031 Exchange,Other
      • Ownership type: Private Owner
      • Lease term: Other

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/7/2026Listed for sale$650,000$59/sqft
        Source: NGLRMLS #1949019 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 48647

        Getting around

        7 / 100
        Car-Dependent
        30 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Mio-Ausable Schools

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

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts