For Sale
4871 US Highway 31 N, Central Lake, MI 49622
$1,850,000
MLS # 25046291 (Michigan Regional Information Center (MichRIC))
15 bathsBuilt 19522.76 acres
1 / 65
Listing Description
Income-earning and living opportunities like this only come along once in a lifetime. Located in one of the most picturesque locations in Michigan, minutes to Torch Lake & Lake Michigan, and a short drive to Elk Rapids or Charlevoix. Situated very close to a beautiful State Park (Barnes) along the shores of Lake Michigan & in proximity to an abundance of restaurants, wineries, vineyards, and orchards. Updated in 2016 with the addition of 6 new standalone cottages and a complete update of the 8 other motel rooms. The highly sought-after and highly reviewed Torch Bay Inn not only features updated and very welcoming rooms, but is also maintained and operated by its owners to make every guest feel like family and provide a relaxing and enjoyable stay. The pride of ownership is abundant from the time you walk in to the time you spend enjoying the patio, gardens, and the gas fire pit seating area. The property features a large 2-bedroom living area that could accommodate a full-time live-in
Source: SparkMLS
About this home
Located in Central Lake, this property offers 15-bath, with original construction dating to 1952.
Currently offered at $1,850,000.
Property tax estimate: $9,000 per year ($750/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Great Lakes Energy Cooperative; natural gas by DTE Gas Company. Fiber internet is available at this address with download speeds up to 1,000 Mbps across 8 providers.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeBusiness Opportunity
Bathrooms15
Lot Size2.76 acres
Year Built1952
Location
CityCentral Lake
MunicipalityTorch Lake Twp
Zip Code49622
CountyAntrim
School DistrictCentral Lake
Construction & Systems
HeatingForced Air
WaterPrivate Water
UtilitiesNatural Gas Available, Electricity Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
InteriorBroadband
Sale & Financing
Listed9/9/2025
Original Price$1,650,000
Terms AcceptedConventional, Cash
Source: SparkMLS
Tax Information
Annual Tax$9,000
Tax Year2024
State Equalized Value$405,800
Taxable Value$290,449
Assessed Value$290,449
Homestead (PRE)50%
Parcel #05-14-312-017-11
Source: Public Records
Legal Description
COM AT THE NE 1/4 OF SEC 12; TH S 88 DEG W 1057.89 FT ALG N SEC LINE TO A PT IN THE C/L OF BARNES RD FOR POB; TH S 01 D
Property Records
USDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Thomas A Rumble
EXP Realty LLC
Frequently Asked Questions about 4871 US Highway 31 N, Central Lake, MI 49622
Which school district serves 4871 US Highway 31 N, Central Lake, MI 49622?
Per MLS# 25046291, 4871 US Highway 31 N, Central Lake, MI 49622 is in the Central Lake boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Central Lake directly to confirm enrollment eligibility.
What financing options are available for 4871 US Highway 31 N, Central Lake, MI 49622?
Per MLS# 25046291, this listing accepts Conventional, Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 4871 US Highway 31 N, Central Lake, MI 49622?
Per public tax records, annual property taxes for this property are $9,000 (2024). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 4871 US Highway 31 N, Central Lake, MI 49622 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 4871 US Highway 31 N, Central Lake, MI 49622. The maximum advertised download speed is 1.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 4871 US Highway 31 N, Central Lake, MI 49622?
Per Michigan Public Service Commission service territory data: Electric: Great Lakes Energy Cooperative. Gas: DTE Gas Company. Water: Private Water. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Torch Lake Twp police department or the Antrim County sheriff's office.
Map
Mortgage Calculator
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Monthly payment$11,999
Principal & interest$11,999
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
1 Gbps
Upload
1 Gbps
CableFiberGSO SatelliteSatelliteFixed WirelessDSLLicensed Fixed Wireless
8 providers at this address
SpectrumCable
1 GbpsTruestreamFiber
1 GbpsStarlinkGSO Satellite
280 MbpsViasat IncSatellite
150 MbpsHughesNetSatellite
100 Mbps186networksFixed Wireless
10 MbpsFrontierDSL
10 MbpsT-MobileLicensed Fixed Wireless
0 MbpsFCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
Great Lakes Energy Cooperative
Co-op
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
4871 US Highway 31 N, Central Lake, MI 49622
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