Remarks

Incredible opportunity to own a 37-acre income-producing property with a 6-acre spring-fed lake, located just 17 miles south of Ann Arbor and 30 miles north of Toledo. Known as GetAway Bay, formerly known as Heath Beach, Clearwater Beach, and Milan Beach, this property has operated as a public beach and recreational destination for over 65 years. Under new ownership, it has been significantly improved and revitalized, earning outstanding reviews and strong community support. The property includes a 3-bedroom home with a 2-car garage, a 40x40 boathouse pole barn, a newly built 40x15 store, and a 30x15 public restroom building (currently gutted and ready for renovation). Features include a renovated short-term rental, one active glamping site, and a water park that generates additional revenue. With current income from daily admissions, concessions, short-term rentals, and event space (and expansion potential through glamping, special events, food service, and more) this property is ideal for investors, entrepreneurs, or anyone looking to grow a thriving destination. Includes equipment and water park infrastructure. Business is priced at approximately 40% below valuation based on a 10% cap rate. BATVAI

Details

MLS#: 50169525
Price: $899,900

Style: Commercial/Industrial
Sq Ft: 1400
Year Built: 1960

County: Monroe
Lot Size: 577x2045