Discover a rare chance to own a family-run motel and home just steps from downtown Frankfort and the Lake Michigan shoreline. This well-established business built in 1988 has been lovingly maintained by the original owners and boasts a loyal client base of repeat guests who return year after year. The picturesque grounds feature a charming creek, gazebo, and picnic areaaEUR"perfect for relaxation and outdoor gatherings. Directly across the street lies the scenic Betsie Bay and the Betsie Valley Bike Trail, offering easy access to both Frankfort and ElbertaaEUR(TM)s shops, restaurants, theater, library, public boat launch and the stunning beaches of Lake Michigan. The motel includes 9 guest rooms including 4 rooms with two full beds, 2 rooms with three full beds and 3 rooms with queen beds. There is also potential to create additional guest accommodations or reconfigure the layout to fit a new vision. The owneraEUR(TM)s home doubles as the check-in area and includes a comfortable single-family residence with a studio apartment on the second level, ideal for guest lodging or long-term rental income. Recent upgrades provide peace of mind include new heating/cooling units, beds, carpeting, and updated bathrooms in every room. A new roof, sealed driveway, underground electric, and new gas lines for the motel. The home has new windows, roof and the start of renovations to finish off more living space. This property presents endless possibilitiesaEUR"expand the motel, transform it into a charming Bed & Breakfast, add an event venue, or create additional guest accommodations. Situated along the iconic M-22 Scenic Drive, this location is unbeatableaEUR"just minutes from Sleeping Bear Dunes National Lakeshore, Crystal Lake, world-class trout streams, and endless hiking and biking trails. Guests can enjoy the best of northern Michigan right outside their door. A rare turnkey opportunity to own a thriving hospitality business in one of MichiganaEUR(TM)s most beloved destinations.

Listing Tools

Property Details of 519 Lake Street

Property Details

Interior Features

Exterior Features

Utilities and Appliances

Other Details

Map Location

Listed by Kari King of Century 21 Northland-Frankfort

 "Based on information submitted to Realcomp as of July 22, 2026 8:45 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

 
 

 

 

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to be contacted by Derek Bauer Realty Solutions at Real Estate One via call, email, and text. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. For more infirmation see our privacy policy. Message and data rates may apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.