Hotels /MI /Missaukee County /Lake City /214 S Main St
Hotels /MI /Missaukee County /Lake City /214 S Main St

214 S Main St - Hospitality FOR SALE


Lake City, MI 49651 | 
$1,100,000 USD
989-429-3100
214 S Main St, Lake City, MI for Sale
$1,100,000 USD
Hospitality - FOR SALE
1/31
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214 S Main St
Lake City, MI 49651

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HIGHLIGHTS

  • The only remaining resort on Lake Missaukee
  • Three revenue streams, motel, gift shop, boat fuel
  • Excellent condition with no deferred maintenance - Seller Financing Available

OVERVIEW

The two story motel with seven units was built in 2011; four units attached to the main building were built in 2009; the owners/manager's living area was built in 1987 and the store was updated in appx 2014. All in excellent condition and perfectly maintained. SELLER FINANCING AVAILABLE.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$168 USD /SF

# OF ROOMS

11

PRICE/ROOM

$100,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake View Motel & Gift Shop

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

C-1

APN/PARCEL ID

051-120-006-00

ASK ABOUT THIS PROPERTY

Ruth ClemensColdwell Banker SCHMIDT RealtorsMore Info
989-429-3100

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Ruth ClemensColdwell Banker SCHMIDT RealtorsMore Info
989-429-3100

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

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