Business Incl. Building - Ishpeming, MI
Opportunity to own a well known motel consisting of 26-units contained within a mix of one story (front/office/reception) and two-story (rooms) all over crawl space. The motel rooms are all rented on a nightly basis and are within a two story structure (first floor has the meeting room with a small office, lobby, breakfast area and business center (desk with computer in lobby). Located 2 blocks off of US41 in Ishpeming, with M-DOT traffic count in 2014 of 15,400 cars per day traveling this corridor. Last appraisal completed in 2016 gave a value of $925,000 so this is your chance to pick up a business that is already priced aggressively and making money. Appraisal and financials will be provided with the proper non disclosure agreements signed and proper proof of financing or available funds. Per the appraisal there are 2 Queen Rooms, 11 Business King Rooms, 4 Double Queen Rooms, 2 Single King Suites, 1 King Jacuzzi Suite, and 5 2-Double Bed Rooms. There is no restaurant or bar on site but eateries such as the Jasper Ridge Restaurant and Brewery, McDonald's, and Red Rock Lanes and Lounge are within 1 block of the property. Call your agent today and schedule your site visit.
Would you like more information regarding this property?
Please call (906) 225-1136.
Data Provided by:
Upper Peninsula Association of Realtors