Generational Turnover

While there are a lot of properties available right now from people who are adjusting to the current economic downturn, a very large number of the waterfront properties available in Northern Michigan are being sold due to generational turnover. Basically these are properties that were bought by the parents of baby boomers who did a great job of caring for their property, but weren't as concerned about having the latest in design. Now that the owners are getting up in years and the family doesn't visit very often, it makes sense to sell. I had the good fortune of spending a lot of time on Higgins Lake each summer at my grandparents' cottage. Like many other people in their generation, they purchased their cottage in the late 60's and really only spent weekends and a few holidays there. This means that the same green shag carpeting and harvest gold appliances that were originally in the cabin are still in prime condition. While a lot of buyers overlook these properties because of the dated interiors and the less than ideal proposition of doing the remodel, they're missing the boat! These cottages, overall, were very well maintained and are often times on some of the nicest parcels of land on any given body of water. A minor investment of time and money, some new flooring, appliances and paint can turn many of these homes into absolutely ideal waterfront cottages. Next time you're looking at photos online and pass by one with green, orange, and yellow wallpaper, take a closer look and you just may find your next dream cottage hidden somewhere underneath.

Little Log Lake

Have you considered a very affordable waterfront option in Kalkaska County? Little Log Lake is located just east of the village of Kalkaska in a serene and pleasant area with many nice homes. Little Log Lake is an 8 acre lake with a 32 foot deep hole in the center with no access to the public. Great fishing, loon nesting and wildlife visits. This charming home has custom cabinets and stainless steel appliances, hardwood floors, tile, and Jacuzzi tub in the Master Bedroom. This home is affordably priced at $149,900 and state land and snowmobile trails are right across the road. Located on Timber Trail just east of the Twin Birch Golf Course boasting .50 acre parcel with 110 ft. of your own private waterfrontage.

Up North Business Opportunity

Fantastic opportunity to purchase commercial property on beautiful Fife Lake with 270 feet of private frontage right in the center of a charming village in Grand Traverse County, Michigan. This property boast two living quarters - one for the owner and one rental unit by week or month - plus and entire commercial space waiting for your new business idea. The property also has up to 24 rental boat docks providing good seasonal income. Many updates have been completed and it is waiting for new owners with a desire to open their own business in the heart of a recreational paradise. Boating, fishing, snowmobiling, hunting are all here plus all the amenities of Traverse City 20 minutes to the west. Retail, restaurant, marina are but a few of the endless possibilities here in the heart of the village.

Commercial Real Estate Needs?

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