Lemon Park, Vicksburg, MI 49097
sale
$3,100,000
|
Other
Courtesy Of Grand Rapids Market Center East
630 Kenmoor se, Grand Rapids, MI 49546
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 family 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 family compound, or exploring future development opportunities, properties with this amount of private lake frontage, history, and flexibility rarely become available.
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Property Features
- Amenities: Cable Ready
- Amenities: Water Front
- Building Units: 15
- Cooling System: Central Air
- Exterior Type: Metal Siding
- Exterior Type: Vinyl Siding
- Heating System: Heat Pump (Heating)
- Heating System: Forced Air
- Legal Description: See Attached
- MLSID: 26026759
- Roof Type: Composition
- Rooms: Bathroom 8
- Rooms: Bathroom 9
- Rooms: Bathroom 6
- Rooms: Bathroom 7
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Basement
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 14
- Rooms: Bathroom 13
- Rooms: Bathroom 15
- Rooms: Bathroom 10
- Rooms: Bathroom 12
- Rooms: Bathroom 11
- Rooms: Bathroom 1
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