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Sold for $355,000 Sold

1045 Bay Drive
Tawas City, MI 48763


5,000 sq ft;
lot: 2 acres
Commercial: Hospitality - MLS# 1743260
Property Photo
1/14

Sold

Sold for $355,000 on Mar 31, 2015

Description

Private sandy beach on the great Lake Huron best describes this 10 unit resort. HUGE PRICE REDUCTION. There is owner's quarters also with the office and laundry in that unit. A garage and shed are on the property as well. Six separately metered cottages on the south bank for winter time rentals with wall furnaces. The north bank cottages are all on one meter with a boiler and radiant heat. Most units have newer roofing and furnaces as well a paved parking in front of each unit. Municipal utilities include city water, city sewer, and natural gas for heat. Many attractions are within walking distance like the fishing boardwalk, fitness center and Gateway Park. A boat launch is within a 1/4 mile and the bike path is right out front that leads to town and even further to Tawas Point and the lighthouse. The owners have owned the property over thirty years and have built an established clientele in that time. Easy to view until mid June and then the summer weekly renters begin. After mid June, Saturdays will be the best time to view. All furnishings, linens, pots and pans, dishes, silverware and everything needed to run the resort that is owned by the seller is included. Come view this resort soon and start making that summer time high dollar income. Visit www.Colemansresort.com for a summer view.

Features

  • # of Parking Spaces: 12
  • Acres: 2.0000
  • Body Of Water: Lake Huron
  • County/Area: Iosco County
  • Listing Status: Sold Co-Op Member
  • Property Type: Commercial
  • Sold Date: 2015-03-31 00:00:00
  • Sold Price: 355000
  • Sq.Ft.: 5000
  • Sub Type: Hospitality
  • Year Built: 1960
  • Zip Code: 48763
  • Zoning: Commercial
  • # Restrooms: 11
  • Business Incl: Yes
  • Business Name: Colemans
  • Construction: Frame
  • Exterior Features: Wood
  • Extras: Furniture/Fixtures
  • Full Time Employees: 1-5
  • Heating/Cooling Source: Natural Gas
  • Heating/Cooling Type: Floor, Radiant Floor
  • Inventory Incl: Yes
  • Location: Freestanding
  • Lot Dimensions: 100x212
  • Parking: Assigned
  • Private/Share: Private
  • Real Estate Incl: Yes
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Sewer: Municipal
  • Summer Taxes: 4854.55
  • Total Taxes: 5167.19
  • Town: T 22n
  • Township: Tawas
  • Water: Municipal Water
  • Winter Taxes: 312.64
  • Year Remodeled: 1995
  • Year Updated: 1980
  • Year: Summer: 2013
  • Year: Winter: 2013
  • Basement: Slab
  • Parking Spaces: 12
  • Waterfront: Yes, 100 Ft.

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Target Real Estate
701 West Bay St.
East Tawas, MI 48730
info@targetrealestate.com

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Target Real Estate  |  Office: 1-989-362-4400 |  info@targetrealestate.com
701 West Bay, East Tawas, MI 48730

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