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Listed by HAPPY ACRES REAL ESTATE
$175,000
Est. payment /mo
1,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $97
MLS Listing ID 1931830
Year Built 1973
Lot Size 4.500 Acres
Acres 4.5
Property Sub-Type Hospitality
Property Description
Rollway Resort is a unique business opportunity. Business includes an outfitter's license to operate on the AuSable River. This license grants exclusive rights for river-based recreational services, such as cabin rental and equipment rentals, ensuring the buyer can continue established operations seamlessly. Located on 4.5 acres of leased National Forest land, home, and out buildings this property features a 4-bedroom, 2-bath home, two rental cabins, pontoon rentals, also includes a Rifle River rental contract. Upgrades include a renovated kitchen (2024), new roof and windows (2017), Generac generator, updated electric boxes (2025), newer well pump, and pellet stove. The outfitter business comes with inventory including: pontoons, kayaks, trailers, paddle boats, and electric bikes. This sale is for a Special Use Permit to operate on the AuSable River, 13 years remain on 20-year lease. Cost of lease is $300 per year plus 5% of proceeds. There is also a 7-year lease to operate with Rifle River State Park which has a 10% of gross revenues per year lease payment. Financials are available upon buyers' proof of funds and a signed NDA. Cash-only; sale contingent on USDA Forest Service approval of conveyance and transfer of State of Michigan contract.
Location
State MI
Interior
Heating Forced Air, Baseboard, Pellet Stove
Exterior
Waterfront Description Private
Roof Type Metal/Steel
Garage false
Building
Foundation Slab
Sewer Private Sewer
Water Private
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