Active

505 Rainbow Park Trail

Mio, Michigan 48647

$650,000 $2,740/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

2.53

Acres(Lot)

Description

Turnkey Northern Michigan Resort & Canoe Livery! Rare opportunity to own an established hospitality and outdoor recreation business in the heart of Northern Michigan. Rainbow Resort & Canoe Livery includes seven fully furnished rental cabins, a 3-bedroom, 2-bath owner's residence with basement, retail store/check-in office, pole barn, maintenance building, and approximately 2.53 acres across three contiguous parcels. The successful business features an established canoe, kayak, and tube livery with shuttle fleet, river landing lease through Consumers Energy, and Michigan DNR Commercial River Use Permit. Extensive equipmentÃ¢â‚¬"including multiple 15-passenger shuttle vans, trailers, tractors, mowers, golf cart, and maintenance equipmentÃ¢â‚¬"is included, making this a truly turnkey opera tion. Current ownership has completed numerous capital improvements, including cabin and residence renovations, store updates, new furnishings, landscaping, signage, fire pits, grills, kayaks, tubes, and more. With a loyal repeat customer base, established online presence, and outstanding opportunities to expand direct bookings, group events, retail sales, and outdoor recreation packages, this is an exceptional investment in one of Michigan's premier vacation destinations. visit www.rainbowresortmio.com for more information

Property Details

Property Type : Multifamily

Price : $650,000

AD Id : 89207841

MLS Id : 78080072061

Lot Size : 2.53 Acres

Year Built : 1958

Garage : Garage

Subdivision: Walter Wisner Add

Map

What's Nearby

Nearby Areas

Features

Heating & Cooling

Heating: Forced Air Heating Fuel: Natural Gas

Building Information

Year Built: 1958 Total Units: 8 Foundation/Basement: Slab Architecture: Ranch
Exterior Features

Construction: Wood
Utility Features

Sewer: Septic Tank (Existing)
Water

Well (Existing)

Lot Information

Lot Size: 2.53 Lot Dimensions: see docs Waterfront Description: River Front
Property Information

Subdivision: Rainbow Resort Financing: Trade/Exchange

Listing Price Information

Original List Price: $650,000
Listing Information

Possession: Negotiable Legal Description: see attached legal docs

Tax Information

Parcel Number: 00131001200seedocs
Possession

Negotiable
Legal Information

Legal Description: Section: see attached legal docs

School Information

School District: Mio Au Sable
Utility Information

Water: Well (Existing) Sewer: Septic Tank (Existing)

Sell a home like this and save $38,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

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 2026 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 08/18/2026 @ 15:03

MLS: 78080072061 LISTED BY: Marissa Spencer , Berkshire Hathaway Homeservices - TC 231-947-7777 SOURCE: Realcomp II Ltd