5961 E Oslo StreetAcme Township, MI 49690

Description

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 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.

Property Information

Property type

Commercial Sale

Year built

2023

Building area

1,780 Sq Ft

Lot size

18.16 acres

Lot dimensions

IRREG

Days on market

332

MLS^® Listing#

78080064319

Property Features

Cooling

Central Air

Heating

Forced Air · Natural Gas

Parking

Parking Lot

Construction

Frame · Wood Siding

Foundation

Slab

Roof

Metal · Other

Other structures

Outbuilding

Utilities

Natural Gas Connected

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$126,931

Assessed value

$2,806,448

Parcel number

0110201101