Randy Willson - Commercial Real Estate Showcase

Randy Willson Property Listings
RE/MAX Highland
320 W Superior
Alma, MI 48801-9727

2052 US 23 S - Big Bear Lodge

Alpena, MI 49707

Property Type:Hospitality Number of Rooms:20 Status:Existing Year Built:1960
Stories:1 Building Size:9,371 SF Land Area:1.37 AC (59,677 SF)
For Sale Price:$575,000 Price/Room:$28,750 Cap Rate:14.00 %


Sale Notes:
If you ever dreamed of owning your own business, this is your chance. Positive Cash Flow, and much more potential. All amenities are close. This is a very nice well kept Motel on Highway 23 as you enter the south side of town, it has 20 units that can be made into 22, of those 4 are kitchenettes. 8 rooms have two double beds , and 8 have queen beds. There are way to many items that are new to mention, call or e mail for a detailed list. It comes with a heated inground cement outdoor swimming pool that is 8 ft deep, and a kids playground. There is also a place we offer continental breakfast to our guests. all rooms are well equipped with a microwave , refridgerator, and coffee maker. We have increased traffic flow and guest count each year we have been here and show a positive cash flow. We have the best view of Thunder Bay Lake Huron in town. the home and the Motel units have a metal roof and it is a very good looking and maintenance free roof. The maintenance room in one building holds the laundry room so you can do it yourself instead of hiring it done. The home to live in while you are here has 3 bd. 2.5 bath and a large kitchen with granite countertops, and there is
just north of werth rd, on highway 23 as you enter Alpena.

RE/MAX Highland
Randy Willson
(989) 340-1727

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