1705 S State St - Hospitality FOR SALE


Big Rapids, MI 49307
$4,700,000 USD
231-941-1777
1705 S State St, Big Rapids, MI for Sale
$4,700,000 USD
Hospitality - FOR SALE
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1705 S State St
Big Rapids, MI 49307


HIGHLIGHTS

  • Great location next to Ferris State University
  • Good owner operator or investment property
  • Hotel is in good condition with expected minimal PIP

OVERVIEW

Facilities: 3 buildings with 88 rooms and suites situated in 2 and 3 story buildings with interior and exterior corridors built in 1964. The hotel features an outdoor swimming pool, fitness center, business center, and breakfast room. All hotel rooms offer high speed wireless internet access as well as a microwave with mini-fridge and coffee makers. The hotel is in very good condition with a PIP completed in 2021and ongoing improvements. The new owner PIP is expected to include mattress sets but overall be minimal. Vending and ice machines are available and there is a guest laundry on property. Plenty of parking is available for buses, trucks, and other large vehicles. The hotel is situated on 2.80 acres of land with a premium location along the main corridor in Big Rapids, MI adjacent to Ferris State University. Living quarters on site. Attractions: Located right in the heart of Big Rapids, within walking distance to Ferris State University and less than a mile from the trails, picnic spots and fishing platforms along the Big Rapids Riverwalk. Enjoy fishing and hunting at Haymarsh Game Area, canoeing and river tubing on the Muskegon River and hiking and cycling at White Pine Trail State Park. Katke Golf Course and Ewigleben Arena are located nearby. There are many restaurant options and retail shopping nearby as well as unlimited outdoor and recreational activities and sports.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$87 USD /SF

# OF ROOMS

88

PRICE/ROOM

$53,409 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn & Suites Big Rapids near

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1964

PARKING SPACES

92

LAND DETAILS

LAND ACRES

2.8 AC

LAND SF

121,881 SF

ZONING

Commercial

APN/PARCEL ID

5405-023-015-000

ASK ABOUT THIS PROPERTY

Gary SmithSmith Dean BurgettMore Info
231-941-1777

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Gary SmithSmith Dean BurgettMore Info
231-941-1777

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