5961 E Oslo Street Active Save Request In-Person Tour Request Virtual Tour
Acme Twp,MI 49690
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,780 sqft
Price per Sqft $8,370
Subdivision Koti Vacation Rentals
MLS Listing ID 78080052043
Originating Board Aspire North REALTORS®
Year Built 2023
Annual Tax Amount $107,981
Lot Size 18.160 Acres
Acres 18.16
Lot Dimensions IRREG
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
Area Acme Twp
Zoning Commercial,Other
Interior
Heating Forced Air,Central Air
Heat Source Natural Gas
Exterior
Roof Type Metal,Other
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Frame,Wood
Schools
School District Traverse City
Others
Tax ID 0110201101
Ownership Private Owned
Acceptable Financing Cash,Other
Listing Terms Cash,Other
Financing Cash,Other
Special Listing Condition Unknown/Data Share Listings