Active
5961 E Oslo Street
Acme Twp MI, 49690
$14,900,000
$8,370.79 per sqft
Active
1,780 sqft
Commercial
Built in 2023
Presenting KOTI, the Finnish word for "home", a rare investment opportunity in one of MichiganAC/a,!a,,C/s premier vacation destinations. This Scandinavian-inspired resort spans approximately 18 acres of pristine Northern Michigan landscape, situated just a A, 1/4 mile from the East Arm of Grand Traverse Bay and within minutes to downtown Traverse City. KOTIAC/a,!a,,C/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 MichiganAC/a,!a,,C/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.
78080052043
MLSⓇ ID
October 30, 2024
Listed
November 22, 2024
Updated
Map
5961 E Oslo Street
Acme Twp MI, 49690
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
18.16 Acres
School Information
School District
Traverse City
Other Property Details
Area Name
Acme Twp
Taxes
$107,981
Tax Frequency
Annually
Days on Market
3
Garage
No
View
No
County
Grand Traverse
Pool
No
Zoning
Commercial,Other
Courtesy of REMAX Bayshore - W Bay Shore Dr TC
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Data last updated 6:19 AM UTC, 11/22/2024