Real Estate For Sale in...

1000 River, Ishpeming, MI 49849

Commercial Property MLS# 1103836 ID: 46937373
$895,000 Get Rates

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.

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Location Information near 1000 River

Would you like more information regarding this property?
Please call (906) 225-1136.

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Property Features for 1000 River
Market Status
Last Updated
August 14, 2017
Property Type
Commercial Property
Approx. Lot Size
2.30 Acres

Building Features

  • Cooling System: Wall Unit(s) A/C
  • Stories: 2.0
  • Heating Fuel: Electric

Exterior Features

  • Exterior Construction: Vinyl Siding

Listing Features

  • Property Type: Commercial; Business Incl. Building

Data Provided by:
Upper Peninsula Association of Realtors

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More information about this $895,000 Commercial Property at 1000 River

This $895,000 Commercial Property at 1000 River in Ishpeming, MI is presented by CHRISTOPHER COSCO. This $895,000 Commercial Property, located in the 49849 zip code, has the following property features: Exterior Construction, Property Type, Heating Fuel, Cooling System. This 1000 River Commercial Property, located in Marquette County , is listed under MLS listing number 1103836 and has a listing price of $895,000. You can find more ISHPEMING homes for sale here.