• 93283 County Road 690 Dowagiac, Michigan 49047

  • $1,200,000
  • 5
    Bed(s)
  • 3
    Baths
  • 3,369
    Sq Ft
  • 3.93
    Acres

Discover an extraordinary investment/business/vacation rental or friend and family compound opportunity with a history of cash flow and a recent complete overhaul! This one-of-a-kind property sits in the epicenter of Sister Lakes, just steps from the area's top attractions and directly across the street from the only public beach in town. For decades this almost 4 acre property operated as a seasonal campground (28 lots) but was recently purchased and has undergone a TOTAL overhaul. The property is now presented as a private short-term rental property for large groups that includes the completely updated 3,300 sq+. foot Great House, 4 stylish retro Airstreams with 2 of them being updated, 2 teepees, a pole barn ''game room'', completely renovated bathhouse and hot-tub for 8.Startgenerating revenue quickly as this property comes turnkey! All FF&E, property amenities, operating supplies and 4 Airstreams are INCLUDED in the sale price! There are multiple opportunities to generate additional income on this rare and valuable piece of commercial land. Pro formas with 3 different business models (using historical expense data and historical revenue data to forecast) are available upon request: (1) full property (Great House + Airstreams + Teepees) short-term rental (current model), (2) Great House short-term rental + 28 seasonal campground lots and (3) Great House short-term rental + nightly campground lot rentals. ALL 3 business models give ample opportunity to generate revenue. Don't miss this unique and exciting property in Sister Lakes! Read what our guests have said on Airbnb after our SOLD OUT summer with ALL 5-star reviews!

Property Type :

Residential

County :

Van Buren

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 5

Bathroom Information

Total Baths: 3

Full Baths: 3

Heating & Cooling

Heating: Forced Air

Heating Fuel: Natural Gas

Building Information

Year Built: 1900

Building Stories: 2 Story

Foundation/Basement: Crawl

Architecture: Farmhouse

Exterior Features

Construction: Vinyl

Utility Features

Sewer: Public Sewer (Sewer-Sanitary)

Water

Well (Existing)

Lot Information

Lot Size: 3.93

Lot Dimensions: Irregular

Frontage Feet: 50

Waterfront: All Sports Lake

Waterfront Description: Lake/River Priv

Property Information

SQ ft: 3369

Financing: Cash,Conventional

Listing Price Information

Original List Price: $1,200,000

Listing Information

Possession: At Close

Legal Description: Long Legal - On File

Tax Information

Annual Tax: $6,674

Parcel Number: 801203212710

Possession

At Close

Legal Information

Legal Description: Section: Long Legal - On File

Parking Information

Has Garage: Yes

Garage Description: Detached

School Information

School District: Dowagiac Union

Utility Information

Water:Well (Existing)

Sewer:Public Sewer (Sewer-Sanitary)

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
VL Dutch Settlement , Dowagiac, MI,49047 $99,900 -- -- -- 11.69 Acres
VL Morel Circle , Dowagiac, MI,49047 $69,900 -- -- -- 3.93 Acres
Crystal Springs St Street, Dowagiac, MI,49047 $150,000 -- -- -- 19.2 Acres
TRACT #9 Walnut Road, Dowagiac, MI,49047 $37,730 -- -- -- 5.39 Acres
TRACT #10 Walnut Road, Dowagiac, MI,49047 $123,045 -- -- -- 18.93 Acres
TRACT #11 Lakeview Drive, Dowagiac, MI,49047 $99,970 -- -- -- 15.38 Acres
TRACT 2 Walnut Street, Dowagiac, MI,49047 $22,120 -- -- -- 3.16 Acres
VL Dutch Settlement, Dowagiac, MI,49047 $99,900 -- -- -- 11.69 Acres
VL Morel Circle #33, Dowagiac, MI,49047 $69,900 -- -- -- 3.93 Acres
52525 Dorchester Avenue, Dowagiac, MI,49047 $12,000 -- -- -- 0.65 Acre
MLS Logo

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 05/11/2024 @ 14:20

MLS: 590277010
LISTED BY: Nate Paulus , R1 Property Group
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 2.50%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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