Improved Land for Sale in Williamsburg, Michigan

5961 E Oslo St Williamsburg, MI 49690

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$14,900,000
18.16 acres
Active sale agoEst $86,708/mo

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 1/4 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.

1,780
Sq feet
2023
Built

Directions

From downtown TC, take Munson Ave/US-31 to Acme and turn right onto M-72. E. KOTI Vacation Rental community is on the right.

Location

Street Address
5961 E Oslo St
Elevation
600 feet
Coordinates
44.7727, -85.4936

Property details

MLS Number
TAAR 1928608
Date Posted

Property taxes

Recent
$107,981

This 18.16-acre property is located at 5961 E Oslo St in Williamsburg, MI 49690 with latitude 44.7727 and longitude -85.4936. The property is currently available for sale for $14,900,000. It has a 1,780 sq ft structure built in 2023. Listing data is sourced from Northern Great Lakes Realtors MLS # 1928608.

Verify sale details at the property source or contact RE/MAX Bayshore - W Bay Shore DR TC at (231) 941-5600.

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Copyright (C) 2024 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.

Updated . Checked 1 hour ago. Parcel data by Regrid.

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