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5961 E Oslo

Williamsburg, MI 49690
  • $14,900,000
  • STATUS: Active
  • ON SITE: 105 Days
  • MLS #: 1928608
UPDATED: 138 min ago
$14,900,000
  • 0
    BEDS
  • 18.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,780
    SQFT
  • $8,371
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2023
County:

School Ratings & Info

Description

Presenting KOTI, the Finnish word for "home", a rare investment opportunity in one of Michigans premier vacation destinations. This Scandinavian-inspired resort spans approximately 18 acres of pristine Northern Michigan landscape, situated just a mile from the East Arm of Grand Traverse Bay and within minutes to downtown Traverse City. KOTIs 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 Michigans 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.

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[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-12T23:49:14.52.
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5961 E Oslo Williamsburg, MI 49690

  • Price: $14,900,000
  • Status: Active
  • On Site: 105 Days
  • Updated: 138 min ago
  • MLS #: 1928608
0
Beds
0
Baths
0
½ Baths
18.16
Acres
1,780
SQFT
$8,371
$/SQFT
2023
Built
Neighborhood:
Koti Vacation Rentals
County:
Grand Traverse
Area:
Acme Twp (28001)
Property Description
Presenting KOTI, the Finnish word for "home", a rare investment opportunity in one of Michigans premier vacation destinations. This Scandinavian-inspired resort spans approximately 18 acres of pristine Northern Michigan landscape, situated just a mile from the East Arm of Grand Traverse Bay and within minutes to downtown Traverse City. KOTIs 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 Michigans 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.
Exterior Features

Exterior Construction FrameWood Foundation Type Slab Lot Size IRREG Parking Parking Lot Roofing MetalOther-See Remarks

Interior Features

Basement YN No Commercial Features Outbuilding(s) Cooling System Central A/C Fuel Type Natural Gas Heating System Forced Air

Property Features

Business Name KOTI Vacation Rentals Business Type Recreation Commercial Type Commercial/Industrial Financial Terms CashCommercial Loan Lease YN No Municipality Acme Twp Ownership Private Present Licenses Liquor License Sale Includes Inventory SEV 4563500 Sev Year 2024 Sewer Septic Public Sanitary Summer Tax Amount 97397.31 Summer Tax Year 2024 Total Tax Amount 107981.37 Water Public Water Winter Tax Amount 10584.06 Winter Tax Year 2023 Zoning CommercialOther

Listing courtesy of REMAX Bayshore - W Bay Shore Dr TC : 231-941-4500.

Source MLS: MiRealSource
Originating MLS: Aspire North REALTORS

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2025 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The BRAND Real Estate. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2025-02-12T23:49:14.52.
 
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5400 Gateway Center Ste B
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