Real Estate For Sale in...

314 Chippewa, Ontonagon, MI 49953

Commercial Property MLS# 1102262 ID: 45699961
$210,000 Get Rates

Business Incl. Building - Ontonagon, MI
OPPORTUNITY in doesn't get much better than opportunity to live and work in this charming Village on the shores of Lake Superior, the Greatest of the Great Lakes....... INN-TOWNE Motel and Apartments, located in downtown Ontonagon, walking to all shops and restaurants...and Lake Superior, and the Ontonagon river...19 mi to the Porcupine Mt. State Park...this is a business opportunity! Occupancy levels were strong this past year...and the buildings have been well-maintained...with ongoing d├ęcor updates, new windows in recent years, furnaces in 2010... Lake Superior, Ontonagon River, Porcupine Mtn. State Park attract leisure visitors on a year'round basis... There are 13 rooms.....and the apartment building has been totally renovated with six updated apartments. Four apartments are $550/month, two apartments are $450/month. New rubber roof on hotel building: 2004. 3 water heaters. Good financials: Tax returns available to qualified buyers with signed confidentiality agreement. Laundry outsourced. Plan to widen street by Village in place. Community has a new bridge, theatre for the performing arts, Ontonagon River & Lake Superior. Basement is partial & crawl space. 4,400 sq. ft. (motel) & 6,000 sq.ft. (hotel). Year built: 1920-1957-1966. Alarm system in motel only. Motel parking. New windows in hotel building.

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Location Information near 314 Chippewa

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Please call (906) 482-1000.

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Property Features for 314 Chippewa
Market Status
Last Updated
August 21, 2017
Property Type
Commercial Property
Year Built
Approx. Lot Size
0.23 Acres

Building Features

  • Basement
  • Heating System: Hot Water
  • Stories: 2.0
  • Central Air
  • Heating Fuel: Natural Gas

Exterior Features

  • Exterior Construction: Brick; Hardboard

Interior Features

  • Alarm System

Listing Features

  • Property Type: Commercial; Business Incl. Building

Data Provided by:
Upper Peninsula Association of Realtors

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More information about this $210,000 Commercial Property at 314 Chippewa

This $210,000 Commercial Property at 314 Chippewa in Ontonagon, MI is presented by KAREN LAHTI. This $210,000 Commercial Property, located in the 49953 zip code, has the following property features: Heating Fuel, Central Air, Exterior Construction, Basement. This 314 Chippewa Commercial Property, located in Ontonagon County , is listed under MLS listing number 1102262 and has a listing price of $210,000. You can find more ONTONAGON homes for sale here.