REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ryan Maceri

mhgrealtors@gmail.com +1(586) 519-6259

$ 12,900,000

Est. payment | -/mo

1,780 SqFt

Save Virtual Tour

$ 12,900,000

Est. payment | -/mo

Save Virtual Tour

1,780 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,780 sqft

Price per Sqft $7,247

Subdivision Koti Vacation Rentals

MLS Listing ID 78080064319

Year Built 2023

Lot Size 18.160 Acres

Acres 18.16

Listing Terms Cash, Other

Property Description

A rare resort and multifamily investment opportunity has arrived in one of MichiganÃ¢â‚¬â„¢s premier vacation destinations. Introducing KOTI, the Finnish word for Ã¢â‚¬Å“home.Ã¢â‚¬ This Scandinavian-inspired resort spans just over 18 thoughtfully designed acres only a quarter mile from the East Arm of sparkling Grand Traverse Bay and minutes from downtown Traverse City. KOTI's location and aesthetic make it ideal for quiet retreats, family vacations, reunions, and corporate stays. The community is planned for up to 78 standalone cottages featuring the signature warmth, simplicity, and beauty of Scandinavian design, offered in both two- and three-bedroom bungalow layouts. Seventeen cottages are already complete and leasing, generating roughly $750,000 in annual rental income. The property also includes a fully renovated and fully leased restaurant with a resort liquor license and Class CSDM license, a 13,000-square-foot event center, a 4,500-square-foot commercial kitchen, and an 1,100-square-foot visitor center with offices and retail space. A pedestrian bridge over a clear trout stream leads directly to the TART Trail and the resortÃ¢â‚¬â„¢s walkways, enhancing the guest experience. The site is pre-approved for an expanded mixed-use complex with up to 120,000 square feet available for hotel, condo, office, and rental development. All infrastructure, including roads, utilities, and walkways, is already in place, positioning KOTI for seamless future growth. Surrounded by top regional attractions including the Grand Traverse Resort, Turtle Creek Hotel & Casino, Flintfields Horse Park, and several premier golf courses, KOTI is uniquely situated to become one of MichiganÃ¢â‚¬â„¢s most distinctive vacation communities. This is a rare chance to invest in a destination where Scandinavian-inspired design meets the best of northern MichiganÃ¢â‚¬â„¢s natural beauty.

Location

State MI

County Grand Traverse

Area Area28021Acmetwp

County Grand Traverse

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features ParkingLot

Utilities Available NaturalGasConnected

View Y/N No

Roof Type Metal, Other

WaterfrontY/N No

Building

Foundation Slab

Sewer Public Sewer

Water Public

New Construction No

New Construction Y/N No

Schools

School District Traverse City

Others

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Special Listing Condition Standard

Virtual Tour https://vimeo.com/1022627073?share=copy

Listed by Robert Brick of REMAX Bayshore - West Shore Dr TC

NEARBY SCHOOL & BUSINESS

Ryan Maceri

Agent

+1(586) 519-6259 | mhgrealtors@gmail.com

GET MORE INFORMATION

QUICK SEARCH

5961 E Oslo ST Acme Twp, MI 49690

Ryan Maceri

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Go tour this home

5961 E Oslo ST