# 519 Lake Street, Frankfort, MI 49635 > **TL;DR:** commercial, $925,000 ($229/sqft), 4,033 sqft. Est. $4,947/mo. Listed 437 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $925,000 | | Price/sqft | $229 | | Square Feet | 4,033 | | Lot Size | 42,253 sqft (0.97 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 437 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,677 | | Estimated Insurance | $270 | | **Total** | **$4,947** | ## Property Highlights - 0.97 acre lot ## Description ### Agent Description Discover a rare chance to own a family-run motel and home just steps from downtown Frankfort and the Lake Michigan shoreline. This well-established business built in 1988 has been lovingly maintained by the original owners and boasts a loyal client base of repeat guests who return year after year. The picturesque grounds feature a charming creek, gazebo, and picnic area-perfect for relaxation and outdoor gatherings. Directly across the street lies the scenic Betsie Bay and the Betsie Valley Bike Trail, offering easy access to both Frankfort and Elberta's shops, restaurants, theater, library, public boat launch and the stunning beaches of Lake Michigan. The motel includes 9 guest rooms including 4 rooms with two full beds, 2 rooms with three full beds and 3 rooms with queen beds. There is also potential to create additional guest accommodations or reconfigure the layout to fit a new vision. The owner's home doubles as the check-in area and includes a comfortable single-family residence with a studio apartment on the second level, ideal for guest lodging or long-term rental income. Recent upgrades provide peace of mind include new heating/cooling units, beds, carpeting, and updated bathrooms in every room. A new roof, sealed driveway, underground electric, and new gas lines for the motel. The home has new windows, roof and the start of renovations to finish off more living space. This property presents endless possibilities-expand the motel, transform it into a charming Bed & Breakfast, add an event venue, or create additional guest accommodations. Situated along the iconic M-22 Scenic Drive, this location is unbeatable-just minutes from Sleeping Bear Dunes National Lakeshore, Crystal Lake, world-class trout streams, and endless hiking and biking trails. Guests can enjoy the best of northern Michigan right outside their door. A rare turnkey opportunity to own a thriving hospitality business in one of Michigan's most beloved destinations. ## Location - **Address:** 519 Lake Street, Frankfort, MI 49635 - **County:** Benzie - **Coordinates:** 44.626048, -86.219986 - **Google Maps:** https://www.google.com/maps?q=44.626048,-86.219986 ## Listing Agent - **Name:** Kari King - **Brokerage:** CENTURY 21 Sleeping Bear Realty - **Broker Phone:** 231-352-7123 ## Photos ![519 Lake Street - Photo 1](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f3555013824r.jpg) ![519 Lake Street - Photo 2](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f2582742224r.jpg) ![519 Lake Street - Photo 3](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f1959245329r.jpg) ![519 Lake Street - Photo 4](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f2989475304r.jpg) ![519 Lake Street - Photo 5](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f4045016716r.jpg) ![519 Lake Street - Photo 6](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f3919647846r.jpg) ![519 Lake Street - Photo 7](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f1311744216r.jpg) ![519 Lake Street - Photo 8](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f3887515530r.jpg) ![519 Lake Street - Photo 9](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f2022368759r.jpg) ![519 Lake Street - Photo 10](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f3217082092r.jpg) ![519 Lake Street - Photo 11](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f496404845r.jpg) ![519 Lake Street - Photo 12](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f1625878545r.jpg) ![519 Lake Street - Photo 13](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f204680253r.jpg) ![519 Lake Street - Photo 14](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f433620721r.jpg) ![519 Lake Street - Photo 15](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f2368523369r.jpg) ![519 Lake Street - Photo 16](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f3955035557r.jpg) ![519 Lake Street - Photo 17](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f772830654r.jpg) ![519 Lake Street - Photo 18](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f99349289r.jpg) ![519 Lake Street - Photo 19](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f3302798742r.jpg) ![519 Lake Street - Photo 20](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f3982941969r.jpg) ![519 Lake Street - Photo 21](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f3167524262r.jpg) ![519 Lake Street - Photo 22](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f1825457538r.jpg) ![519 Lake Street - Photo 23](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f1529760141r.jpg) ![519 Lake Street - Photo 24](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f1284282189r.jpg) ![519 Lake Street - Photo 25](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f784088106r.jpg) ![519 Lake Street - Photo 26](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f1578144934r.jpg) ![519 Lake Street - Photo 27](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f391775432r.jpg) ![519 Lake Street - Photo 28](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f3304099398r.jpg) ![519 Lake Street - Photo 29](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f3635961761r.jpg) ![519 Lake Street - Photo 30](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f136767815r.jpg) ![519 Lake Street - Photo 31](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f3503876102r.jpg) ![519 Lake Street - Photo 32](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f653485828r.jpg) ![519 Lake Street - Photo 33](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f220157650r.jpg) ![519 Lake Street - Photo 34](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f1813637507r.jpg) ![519 Lake Street - Photo 35](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f2894719819r.jpg) ![519 Lake Street - Photo 36](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f2973861893r.jpg) ![519 Lake Street - Photo 37](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f216085249r.jpg) ![519 Lake Street - Photo 38](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f4208137985r.jpg) ![519 Lake Street - Photo 39](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f1419823617r.jpg) ![519 Lake Street - Photo 40](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f2049136486r.jpg) ![519 Lake Street - Photo 41](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f2787812922r.jpg) ![519 Lake Street - Photo 42](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f384067632r.jpg) ![519 Lake Street - Photo 43](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f426474941r.jpg) ![519 Lake Street - Photo 44](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f3897563254r.jpg) ![519 Lake Street - Photo 45](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f2243233671r.jpg) ![519 Lake Street - Photo 46](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f821689116r.jpg) ![519 Lake Street - Photo 47](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f1881793487r.jpg) ![519 Lake Street - Photo 48](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f1419371418r.jpg) ![519 Lake Street - Photo 49](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f4140136281r.jpg) ![519 Lake Street - Photo 50](http://lh.rdcpix.com/a61a2282c5058c09713c822f50094774l-f2143782398r.jpg) --- **MLS#:** 1937875 | **Updated:** 2026-10-19 **Source:** listhub *Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/519-lake-street-frankfort-mi-49635-f3b7a728369748e8a6a0cd3ebcdb49dd) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/519-lake-street-frankfort-mi-49635-f3b7a728369748e8a6a0cd3ebcdb49dd#listing", "url": "https://staging.propertysimple.ai/listing/519-lake-street-frankfort-mi-49635-f3b7a728369748e8a6a0cd3ebcdb49dd", "name": "519 Lake Street, Frankfort, MI 49635", "description": "Discover a rare chance to own a family-run motel and home just steps from downtown Frankfort and the Lake Michigan shoreline. This well-established business built in 1988 has been lovingly maintained by the original owners and boasts a loyal client base of repeat guests who return year after year. The picturesque grounds feature a charming creek, gazebo, and picnic area-perfect for relaxation and outdoor gatherings. Directly across the street lies the scenic Betsie Bay and the Betsie Valley Bike Trail, offering easy access to both Frankfort and Elberta's shops, restaurants, theater, library, public boat launch and the stunning beaches of Lake Michigan. The motel includes 9 guest rooms including 4 rooms with two full beds, 2 rooms with three full beds and 3 rooms with queen beds. There is also potential to create additional guest accommodations or reconfigure the layout to fit a new vision. The owner's home doubles as the check-in area and includes a comfortable single-family residence with a studio apartment on the second level, ideal for guest lodging or long-term rental income. Recent upgrades provide peace of mind include new heating/cooling units, beds, carpeting, and updated bathrooms in every room. A new roof, sealed driveway, underground electric, and new gas lines for the motel. The home has new windows, roof and the start of renovations to finish off more living space. This property presents endless possibilities-expand the motel, transform it into a charming Bed & Breakfast, add an event venue, or create additional guest accommodations. Situated along the iconic M-22 Scenic Drive, this location is unbeatable-just minutes from Sleeping Bear Dunes National Lakeshore, Crystal Lake, world-class trout streams, and endless hiking and biking trails. Guests can enjoy the best of northern Michigan right outside their door. 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