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314 Chippewa, Ontonagon, MI 49953

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

Business Incl. Building - Ontonagon, MI
OPPORTUNITY in ONTONAGON.........it doesn't get much better than this....an 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
Offered by KAREN LAHTI at RE/MAX DOUGLASS R.E.-H

Would you like more information regarding this property?
Please call (906) 482-1000.

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Property Features for 314 Chippewa
Status
Market Status
Available
Last Updated
August 21, 2017
Description
Property Type
Commercial Property
Year Built
1956
Stories
2.0
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
  • KAREN LAHTI
  • RE/MAX DOUGLASS R.E.-H

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.