Incredible Development Opportunity in the Northern Michigan Village of Arcadia. Property could be Waterfront Resort or Residential. Development plans can be shared with potential buyers and have been township approved. The resort plans included a Hotel, Restaurant and Marina. The property sits on Arcadia Lake including a bluff along Lake Michigan. Included in Documents with the listing are surveys of the property and details of the development. The Village of Arcadia lies along the Lake Michigan shoreline in N. Michigan. The village and area features a public beach area, natural areas, hiking and biking trails and world famous Arcadia Bluffs Golf Resort. Arcadia is 30 minutes N of Manistee and 60 minutes S. of Traverse City. Arcadia is a lovely community on the edge of development.
M-22 to Arcadia. Left on First St. to property on the N. Side of Arcadia Lake.
The approximate monthly Principal & Interest payment for this property would be $6,070. This payment is based on a 30-year loan at a fixed rate of 4.41 % with a down payment of $99,500. Actual lender interest rates and loan programs may vary.
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