5961 E Oslo Street,Williamsburg, MI 49690
Williamsburg, MI 49690
Description
A rare resort and multifamily investment opportunity has arrived in one of Michiganâs premier vacation destinations. Introducing KOTI, the Finnish word for âœhome.â� 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 resortâs 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 Michiganâs most distinctive vacation communities. This is a rare chance to invest in a destination where Scandinavian-inspired design meets the best of northern Michiganâs natural beauty.
Details
| MLS # | 80064319 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 2023 |
| Days On Site | 256 |
| Listing Provided By | REMAX Bayshore - West Shore Dr TC | Robert Brick |
Features
| SQ Feet | 1,780 |
|---|---|
| Zoning | Commercial,Other |
| Acreage | 18.16 |
| Water Front | Yes |
Interior
| Cooling Yes / No | Yes |
|---|---|
| Cooling | Central Air |
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Roof | Metal, Other-See Remarks |
|---|---|
| Construction Materials | Frame, Wood Siding |
| Foundation Details | Slab |
Parking
| Parking Features | Parking Lot |
|---|
Utilities
| Utilities | Natural Gas Connected, Sewer Connected, Water Connected |
|---|
Other
| List Aor | Aspire North REALTORS |
|---|
Taxes
| Property | 126930 |
|---|
Area Information
| State | MI |
|---|---|
| County | Grand Traverse |
| City | Williamsburg |
| Zip Code | 49690 |
| Area | Acme Twp (28001) |
| Community Name | Koti Vacation Rentals |
| Listing VS Median (in Koti Vacation Rentals) | |
Price: $12,900,000 low | high Med: $8,900,000 sqft: 1,780 low | high Med: 1,780 $ / sqft: $7,247 low | high Med: $5,000 On site: 256 low | high Med: 256 | |
Market Activity 49690
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Learn More About This Property
| State | MI |
|---|---|
| County | Grand Traverse |
| City | Williamsburg |
| Zip Code | 49690 |
| Area | Acme Twp (28001) |
| Community Name | Koti Vacation Rentals |
| Listing VS Median (in Koti Vacation Rentals) | |
Price: $12,900,000 low | high Med: $8,900,000 sqft: 1,780 low | high Med: 1,780 $ / sqft: $7,247 low | high Med: $5,000 On site: 256 low | high Med: 256 | |
