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12800 & 12862 Cherry, 
Rapidcity, MI 49676

$1,600,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Matthew J Crane

Jonathan Crane

Berkshire Hathaway HomeServices - Tc

231-947-7777

Last updated:

January 15, 2026, 10:56 AM

MLS#

78080063354

Source:

MI REALCOMP

About This Home

12800 & 12862 Cherry

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!

Home Facts

Multi-Family

Built in 2000

Price Summary

1,600,000

MLS #:

78080063354

Last Updated:

January 15, 2026, 10:56 AM

Added:

2 month(s) ago


Structure

Structure

Year Built:

2000


Lot

Lot Size (Sq. Ft):

86,248


Finances & Disclosures

Finances

Price:

$1,600,000

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.