93283 County Road 690, Dowagiac, MI 49047 (MLS# 23137201)

93283 County Road 690, Dowagiac, MI 49047

$935,000

Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 3,369 Lot Size (sq. ft.): 171,191 Status: Sold

Current Price: $1,200,000 List Date: 10/05/2023 Last Modified: 6/24/2024

Description

Discover an extraordinary investment/business/vacation rental or friend and family compound opportunity with a history of cash flow and a recent complete overhaul! This one-of-a-kind property sits in the epicenter of Sister Lakes, just steps from the area's top attractions and directly across the street from the only public beach in town. For decades this almost 4 acre property operated as a seasonal campground (28 lots) but was recently purchased and has undergone a TOTAL overhaul. The property is now presented as a private short-term rental property for large groups that includes the completely updated 3,300 sq+. foot Great House, 4 stylish retro Airstreams with 2 of them being updated, 2 teepees, a pole barn ''game room'', completely renovated bathhouse and hot-tub for 8. Start

Supplements: generating revenue quickly as this property comes turnkey! All FF&E, property amenities, operating supplies and 4 Airstreams are INCLUDED in the sale price! There are multiple opportunities to generate additional income on this rare and valuable piece of commercial land. Pro formas with 3 different business models (using historical expense data and historical revenue data to forecast) are available upon request: (1) full property (Great House + Airstreams + Teepees) short-term rental (current model), (2) Great House short-term rental + 28 seasonal campground lots and (3) Great House short-term rental + nightly campground lot rentals. ALL 3 business models give ample opportunity to generate revenue. Don't miss this unique and exciting property in Sister Lakes! Read what our guests have said on Airbnb after our SOLD OUT summer with ALL 5-star reviews!

More Information MLS# 23137201

Location Property Info

County: Van Buren Street #: 93283 Street Name: County Road 690 State: MI Zip Code: 49047 Area: Southwestern Michigan - S

OfficeContract Info

Status: Sold List Price: $1,200,000 Current Price: $935,000 Listing Date: 2023-10-05

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 3.93 Lot Square Footage: 171191 Lot Dimensions: Irregular Year Built: 1900 Road Frontage: 50 Garage Y/N: Yes Income Property: Yes Total Rooms AG: 15 Total Fin SqFt All Levels: 3369 SqFt Above Grade: 3369 Total Beds Above Grade: 5 Total Bedrooms: 5 Full Baths: 3 Total Baths: 3 Main Level Primary: Yes Stories: 2 School District: Dowagiac Waterfront: No

Tax Info

Tax ID #: 801203212710 Taxable Value: 127470 SEV: 131800 For Tax Year: 2023 Seller's Annual Property Tax: 6674 Tax Year: 2022 Spec Assessment & Type: None Known Zoning: Commercial

Remarks Misc

Directions: M152 East, Turn South On County Road 690. Property on Left next to The Strand Brewery

Status Change Info

Under Contract Date: 2024-05-22 Sold Date: 2024-06-21 Sold Price: $935,000 Sold Price/SqFt: 277.53

Waterfront Options

Water Access Y/N: Yes

Access Feat

Accessibility Features: No

Upper Rooms

Upper Bedrooms: 3 Upper Full Baths: 2 Upper Level Square Feet: 1208 Total Baths Above Grade: 3

Main Rooms

Main Bedrooms: 2 Main Full Baths: 1 Main Level SQFT: 2161

Manufactured

Manufactured Y/N: No

Property Features

Water Type: Lake Exterior Material: Vinyl Siding Substructure: Crawl Space Sewer: Public Sewer Water: Well Utilities Attached: High Speed Internet Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Parking Features: Detached Architectural Style: Farmhouse Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None

Documents

Seller's Disclosure/ Lead Based Paint ›

Listing Office: R1 Property Group

Listing Agent: Nate Paulus

Last Updated: June - 24 - 2024

93283 County Road 690, Dowagiac, MI 49047- MLS# 23137201

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