A rare resort and multifamily investment opportunity has arrived in one of Michigan’s premier vacation destinations. Introducing KOTI, the Finnish word for “home.†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… Read More 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 resort’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 Michigan’s most distinctive vacation communities. This is a rare chance to invest in a destination where Scandinavian-inspired design meets the best of northern Michigan’s natural beauty. Read Less
Courtesy of REMAX Bayshore - W Bay Shore Dr TC.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Commercial/Industrial
Square Ft.
1,780
Lot Size
18.16 Acres
Year Built
2023
MLS Number
80064319
30 Days Snapshot Of 49690
$350k
+8%
(avg) sold price
1
-50%
home sold
52
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
Outbuilding(s)
Building
1,780 square feet, Built in 2023
Cooling
Central A/C
Exterior Features
Frame, Wood
Foundation
Slab
Water Features
Public Water
Heating
Forced Air, Natural Gas
Lot
18.16 acres, Lot size: IRREG
Parking
Parking Lot
Property
Business name: KOTI Vacation Rentals, Recreation, Commercial, Other
Roof
Metal, Other-See Remarks
Sewer
Public Sanitary
Taxes
Total amount: $126,931
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