Us-31 And Cook Avenue 3275, 5053 & 5057, Conway

$850,000

18 Beds
6 Baths
8,000 Sqft
.81 Acres

Great opportunity to own the whole block from US-31 to Church Street with prime frontage on US-31. Crooked lake views from multiple property positions with the public beach across US-31 and a public park abutting the US-31 portion of the premises. Multiple opportunities abound for investors to utilize the buildings and open lot for a multitude of projects ranging from hospitality and retail to parking and storage. US-31 is the prime artery that connects Mackinaw City, Alanson, and other towns at the tip of the mitt to Petoskey, Harbor Springs, and Charlevoix. With 10,000 to 20,000 annual average DAILY traffic per the Michigan Department of Transportation, this is an excellent opportunity to give your business the traffic exposure it needs with the luxury of allowing your patrons to utilize the public beach, park, and nearby boat launch. With the cost of Petoskey commercial and residential real estate on the rise, this location gives you the opportunity to invest into where people are headed--more north and more east at an affordable price. The Hiawatha off of Merritt/US-31 is a functioning Inn featuring 15 bedrooms and 3 full baths with almost every room having it's own sink. The Building on Cook features a storefront, a downstairs 1 bed, 1 bath apartment, and an upper apartment with one and one half baths and two bedrooms. The large lot at Cook and Church is mostly level with a third of an acre to build anything from a parking lot to a commercial building of the purchaser's choice. The zoning options are plentiful when it comes to what can be done with this property. The property owners have decided to sell all three properties in one sale.

Essential Information
MLS® #462871
Price$850,000
Bedrooms18
Bathrooms6.00
Full Baths5
Half Baths1
Square Footage8,000
Acres0.81
Year Built1954
TypeCOMMERCIAL/INDUSTRIAL
Sub-TypeCommercial/Industrial
Community Information
CityConway
CountyEmmet
StateMichigan
Zip Code49722
Address

Us-31 And Cook Avenue 3275, 5053 & 5057

Utilities

Electricity, TV Cable Available

Features

Cable TV, Refrigerator, Washer, Natural Gas, Off-Street Parking, Air-Conditioning, Hardwood Floors, Dryer, Range

Interior
HeatingNatural Gas, Forced Air
Has BasementYes
BasementCrawl
StoriesTwo
Exterior
Lot Description206' X 183'
RoofAsphalt Shingle, Rolled
ConstructionWood Frame
Windows

Wood, Double, Other/See Remarks, Alum

School Information
DistrictPetoskey
Additional Information
ZoningB-1, B-1, B-1/R-2
Listing Details
This (property or listing) is courtesy of RE/MAX LIGHTHOUSE
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