Homes for sale - 5961 E Oslo Street, Acme Twp, MI 49690

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Chollie Houghtaling

chollie@realtorsinmichigan.com +1(248) 764-0614

$14,900,000

Est. payment - /mo

1,780 SqFt

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UPDATED:

11/02/2024 11:22 AM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,780 sqft

Price per Sqft $8,370

Subdivision Koti Vacation Rentals

MLS Listing ID 78080052043

Originating Board Aspire North REALTORS®

Year Built 2023

Annual Tax Amount $107,981

Lot Size 18.160 Acres

Acres 18.16

Lot Dimensions IRREG

Property Description

Presenting KOTI, the Finnish word for "home", a rare investment opportunity in one of MichiganÃ¢â‚¬â„¢s premier vacation destinations. This Scandinavian-inspired resort spans approximately 18 acres of pristine Northern Michigan landscape, situated just a Ã‚ ¼ mile from the East Arm of Grand Traverse Bay and within minutes to downtown Traverse City. KOTIÃ¢â‚¬â„¢s unique design and location make it the ideal spot for everything from quiet getaways to family vacations, reunions, and more. The planned community includes up to 76 stand-alone cottages, each featuring the signature elements of Scandinavian design: warm functionality, simplicity, and beauty. With both 2- and 3-bedroom options, the cabins are designed to blend comfort with style, creating an inviting atmosphere for all guests. To date, 21 cottages have been completed and are currently being leased, generating close to $700,000 in rental income annually. Also included is a fully renovated restaurant with liquor license and a Class C SDM, allowing for the sale of packaged wine and beer, as well as a 13,000 sq ft event center, a 4,500 sq ft commercial kitchen, and a 1,000 sq ft visitor center/store with an office. Additionally, this property is pre-approved for an expanded mixed-use complex with up to 120,000 sq ft for hotel, condo, office, and retail spaces. With roads, utilities, walkways, and bridges already in place, KOTI is ready for the next stage of development. Located near premier attractions like Grand Traverse Resort & Spa, Turtle Creek Hotel & Casino, and Flint Fields, KOTI is uniquely positioned to become one of MichiganÃ¢â‚¬â„¢s most distinctive vacation rental resort communities. Capture this once-in-a-lifetime chance to invest in a truly exceptional destination that showcases the best of Scandinavian-inspired design, Northern Michigan hospitality, and breathtaking natural surroundings.

Location

State MI

County Grand Traverse

Area Acme Twp

Zoning Commercial,Other

Interior

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Roof Type Metal,Other

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Frame,Wood

Schools

School District Traverse City

Others

Tax ID 0110201101

Ownership Private Owned

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Unknown/Data Share Listings

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Listed by Robert Brick of REMAX Bayshore - W Bay Shore Dr TC

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Chollie Houghtaling

+1(248) 764-0614

Broker | License ID: 431484

Broker License ID: 431484

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5961 E Oslo Street Acme Twp, MI 49690

Chollie Houghtaling

Key Details

Location

Interior

Exterior

Building

Schools

Others

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5961 E Oslo Street