Hotels /MI /Lenawee County /Adrian /1077 W US 223
Hotels /MI /Lenawee County /Adrian /1077 W US 223

1077 W US 223 - Hospitality FOR SALE


Adrian, MI 49221 | 
$5,400,000 USD
734-516-7451
1077 W US 223, Adrian, MI for Sale
$5,400,000 USD
Hospitality - FOR SALE
1/8
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1077 W US 223
Adrian, MI 49221

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HIGHLIGHTS

  • Excellent Quality Assurance Score
  • Formula Blue Recently Completed in 2023
  • Excellent Location just South West of the corner of US 223 and M52

OVERVIEW

IHG Quality Evaluation Score - Excellent ! The Holiday Inn Express was constructed in 1999 and is a three story wood frame construction.It is identified as the "Best Hotel Property" in the Adrian Market. A new “Formula Blue PIP “ was completed in 2023 for $1,100,000

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$125 USD /SF

# OF ROOMS

60

PRICE/ROOM

$90,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express "Principals Only"

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1999

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.65 AC

LAND SF

71,874 SF

ZONING

C

APN/PARCEL ID

MD0-115-2330-00

ASK ABOUT THIS PROPERTY

John GlasnakHotel Ventures InternationalMore Info
734-516-7451

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John GlasnakHotel Ventures InternationalMore Info
734-516-7451

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

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