2275 M 137 - Hospitality FOR SALE


Interlochen, MI 49643
$1,199,000 USD
231-590-5091
2275 M 137, Interlochen, MI for Sale
$1,199,000 USD
Hospitality - FOR SALE
1/22
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2275 M 137
Interlochen, MI 49643


HIGHLIGHTS

  • Appointment is required.

OVERVIEW

Prime Location Motel for Sale - Turnkey Business Opportunity! Ideally situated near the Interlochen Center for the Arts Campus andbeautiful, Green & Duck Lakes. The motel features (7) single rooms, (5) double rooms and (2) deluxe rooms. The property also hasowner/innkeeper quarters (2 bedroom, 1.5 bath) and a 30'x36' pole bldg. The property has been well maintained and updated regularlywith an extensive updates list. This is a successful owner-operated business for the past 20 years with a strong reputation forcleanliness. This opportunity is ideal for owner-operators who are seeking an up north lifestyle. The business has a strong financialhistory with opportunity for growth.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$196 USD /SF

# OF ROOMS

14

PRICE/ROOM

$85,643 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Interlochen Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

13

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,668 SF

ZONING

Commercial

APN/PARCEL ID

07-180-005-00

ASK ABOUT THIS PROPERTY

Thomas CroninTraverse Real Estate LLCMore Info
231-590-5091

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Thomas CroninTraverse Real Estate LLCMore Info
231-590-5091

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