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4492 County Road 489 - Availability Details

4492 County Road 489, Onaway, MI 49765

  • For Sale $875,000
  • Property Type Other
  • Year Built 1984
  • Date Updated Aug 18, 2022
  • Website www.cbcworldwide.com
Tremendous opportunity to own a beachfront resort on one of Northern Michigan's largest inland lakes. Schell's Resort has been owned and operated by Bob & Lynn Schell for 50 years and finally they are considering retirement. Bob & Lynn have established long term relationships with most of their tenants, some that have been coming to the resort for generations. Main home is 3br, 2ba and nearly 2,000 sq ft, comes with a detached heated 2 car garage with bathroom and a 32'x16' pole barn. The 7 adorable cottages (five 3br/1ba, two 2br/1ba) come fully furnished and are in good, clean condition. The resort has almost 600' of waterfront made up of beautiful sandy beach on 10,000+ acre Black Lake, several boat slips on the Rainy River and there's even a private boat launch. This is a fantastic opportunity to own and operate as a resort or for a developer to break up to sell the cottages individually which would be easy to do because most of the structures already sit on their own individually taxed parcel. Note: All 2022 renters with 2023 reservations have been told if the resort sells in 2022 and the new owners do not want to continue renting the cottages in 2023 the renter's deposits will be returned but if the resort sells in 2023 the deposits will be transferred to the new owners and they will be required to honor prior reservations for 2023.
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Location

  • Walk Score ® Car-Dependent
  • Bike Score ® Somewhat Bikeable (26)
Powered by Walk Score ®
  • City Onaway, MI
  • Neighborhood Onaway
  • Zip Code 49765

Points of Interest

Mobil

6.37 miles

Marathon

6.40 miles

Shell

6.40 miles

Black Lake Cabin Retreat

2.63 miles

Lyon's Motel

6.29 miles

Tower Shores Motel

7.15 miles

Contacts

broker

Andy Stireman

Coldwell Banker Schmidt, Realtors

(231) 883-1361

Highlights

  • From Onaway: Take M-211 north to stop sign, right on Bonz Beach Hwy which veers left and becomes County Road 489.
  • Cooling: Central A/C
  • Exterior Description: Vinyl Siding
  • Exterior Description: Wood Siding
  • Heating - Fuel Type: Gas
  • Heating - Fuel Type: Propane
  • Heating Type: Forced Air
  • Road Type: City / Town Street
  • Roof: Asphalt Shingle Roof
  • Water: Well

Frequently Asked Questions

What year was 4492 County Road 489 built and finished?

4492 County Road 489 was completed in 1984.

Contact Listing Broker

broker

Andy Stireman

Coldwell Banker Schmidt, Realtors

(231) 883-1361

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