Vicksburg, MI
Property Description
A rare opportunity to own a piece of Michigan history. Nestled along approximately 774 feet of private, all-sports Indian Lake frontage, Lemon Park Resort has been part of the same legacy for generations, with roots tracing back to the mid-1800s. Originally developed from the historic Lemon family homestead, the property was once a thriving lakeside destination featuring a hotel, dance hall, baseball fields, picnic grounds, and more. Today, the 5.277-acre property offers 15 lakefront cottages, a 1,000-square-foot storage barn, and endless possibilities for investors, developers, or those seeking to create a one-of-a-kind waterfront retreat. Currently, 7 cottages are occupied, generating $4,920 per month in gross rental income, while leaving significant upside through additional rentals, redevelopment, renovation, or expansion opportunities. Tenants pay their own gas and electric utilities. Whether you envision preserving the property's rich history, expanding its income potential, creating a private compound, or exploring future development opportunities, properties with this amount of private lake frontage, history, and flexibility rarely become available.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,500,000 |
| No. of Units: | 12 |
| Opportunity Zone: | No |
| Price per unit: | $208,333 |
| Property Website | Click Here |
| Number of Bedrooms: | 13 |
| Number of Bathrooms: | 0 |
ID: 3yd-GRARMI-26027903
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