11355 N Saginaw St - Hospitality FOR SALE


Mount Morris, MI 48458- Mt Morris
$310,000 USD
586-899-9596
11355 N Saginaw St, Mount Morris, MI for Sale
$310,000 USD
Hospitality - FOR SALE
1/6
null | 24.58% Cap Rate

11355 N Saginaw St
Mount Morris, MI 48458
Mt Morris


HIGHLIGHTS

  • Motel + Multi-family Rare Opportunity for both in this unique proeprty
  • Managers apartment| 10 Motel rooms
  • Main retail Corridor

OVERVIEW

• The Oberlin Motel is Operating as a Daily | Weekly Extended-Stay Motel. • Ten Motel Rooms, Two Apartments, and a Three-Bedroom Manager’s Apartment • Surrounded by National Retailers such as Kroger, McDonald’s, KFC, Bigby, Subway, Etc., • Main Retail Corridor | Near Interstate- 475 | Walking Distance to Downtown Mount Morris. • 25 Total Parking Spaces, $30,000 in Recent Renovations | Vinyl Flooring • 100’ Feet of Frontage on the Heavily traveled N Saginaw Rd.| 20,000 Vehicles Per Day • Median Home Value= $92,000 | 24,000 People within a Three Mile Radius.

FOR SALE DETAILS

PRICE

$310,000 USD

PRICE/SF

$115 USD /SF

# OF ROOMS

10

PRICE/ROOM

$31,000 {currency}

CAP RATE

24.58%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oberlin Motel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1910

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,113 SF

ZONING

R-1 SF PUD

APN/PARCEL ID

57-12-529-053,57-12-529-066

ASK ABOUT THIS PROPERTY

Kapil RoyBrookstone: The Herish GroupMore Info
586-899-9596

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Kapil RoyBrookstone: The Herish GroupMore Info
586-899-9596

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