46
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$899,900
Est. payment /mo
1,400 SqFt
Active
16339 Cone Road Milan, MI 48160
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Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 1,400 sqft
Price per Sqft $642
Subdivision Mi
MLS Listing ID 50169525
Year Built 1960
Lot Size 36.900 Acres
Acres 36.9
Lot Dimensions 577x2045
Property Sub-Type Commercial/Industrial
Property Description
Incredible opportunity to own a 37-acre income-producing property with a 6-acre spring-fed lake, located just 17 miles south of Ann Arbor and 30 miles north of Toledo. Known as GetAway Bay, formerly known as Heath Beach, Clearwater Beach, and Milan Beach, this property has operated as a public beach and recreational destination for over 65 years. Under new ownership, it has been significantly improved and revitalized, earning outstanding reviews and strong community support. The property includes a 3-bedroom home with a 2-car garage, a 40x40 boathouse pole barn, a newly built 40x15 store, and a 30x15 public restroom building (currently gutted and ready for renovation). Features include a renovated short-term rental, one active glamping site, and a water park that generates additional revenue. With current income from daily admissions, concessions, short-term rentals, and event space (and expansion potential through glamping, special events, food service, and more) this property is ideal for investors, entrepreneurs, or anyone looking to grow a thriving destination. Includes equipment and water park infrastructure. Business is priced at approximately 40% below valuation based on a 10% cap rate. BATVAI
Location
State MI
County Monroe
Area Milan Twp (58011)
Exterior
Parking Features 100+ Spaces
Building
Water Private Well
Others
Ownership LLC
Financing Cash,Commercial Loan,Conventional,Land Contract
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Synergy Realty Group