Homes for sale - 5961 E Oslo Street, Williamsburg, MI 49690

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Chollie Houghtaling

Realtors In Michigan

chollie@realtorsinmichigan.com +1(248) 764-0614

Listed by Robert Brick • REMAX Bayshore - W Bay Shore Dr TC

$14,900,000

Est. payment - /mo

1,780 SqFt

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 1,780 sqft

Price per Sqft $8,370

Subdivision Mi

MLS Listing ID 1928608

Year Built 2023

Lot Size 18.160 Acres

Acres 18.16

Lot Dimensions IRREG

Property Sub-Type Mixed Use

Property Description

Presenting KOTI, the Finnish word for "home", a rare investment opportunity in one of Michigan's premier vacation destinations. This Scandinavian-inspired resort spans approximately 18 acres of pristine Northern Michigan landscape, situated just a ¼ mile from the East Arm of Grand Traverse Bay and within minutes to downtown Traverse City. KOTI's unique design and location make it the ideal spot for everything from quiet getaways to family vacations, reunions, and more. The planned community includes up to 76 stand-alone cottages, each featuring the signature elements of Scandinavian design: warm functionality, simplicity, and beauty. With both 2- and 3-bedroom options, the cabins are designed to blend comfort with style, creating an inviting atmosphere for all guests. To date, 21 cottages have been completed and are currently being leased, generating close to $700,000 in rental income annually. Also included is a fully renovated restaurant with liquor license and a Class C SDM, allowing for the sale of packaged wine and beer, as well as a 13,000 sq ft event center, a 4,500 sq ft commercial kitchen, and a 1,000 sq ft visitor center/store with an office. Additionally, this property is pre-approved for an expanded mixed-use complex with up to 120,000 sq ft for hotel, condo, office, and retail spaces. With roads, utilities, walkways, and bridges already in place, KOTI is ready for the next stage of development. Located near premier attractions like Grand Traverse Resort & Spa, Turtle Creek Hotel & Casino, and Flint Fields, KOTI is uniquely positioned to become one of Michigan's most distinctive vacation rental resort communities. Capture this once-in-a-lifetime chance to invest in a truly exceptional destination that showcases the best of Scandinavian-inspired design, Northern Michigan hospitality, and breathtaking natural surroundings.

Location

State MI

County Grand Traverse

Zoning Other,Commercial,Planned Unit Development

Rooms

Basement Slab

Interior

Heating Forced Air, Central Air

Cooling Forced Air, Central Air

Exterior

Exterior Feature Wood

Roof Type Metal,Other

Present Use Recreational/Resort,Other

Road Frontage Privately Maintained, Cul-de-Sac

Building

Sewer Municipal

Water Municipal Water

Others

Tax ID 01-102-011-01

Ownership Private Owner

Acceptable Financing Commercial Loan, Cash

Listing Terms Commercial Loan, Cash

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Chollie Houghtaling

+1(248) 764-0614

Broker | License ID: 431484

Broker License ID: 431484

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5961 E Oslo Street Williamsburg, MI 49690

Chollie Houghtaling

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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5961 E Oslo Street