332 E Onota St - Hospitality FOR SALE


Munising, MI 49862
$895,000 USD
906-202-0812
332 E Onota St, Munising, MI for Sale
$895,000 USD
Hospitality - FOR SALE
1/51
null | Request Cap Rate

332 E Onota St
Munising, MI 49862


HIGHLIGHTS

  • Prime downtown Munising location
  • Tourism-driven market
  • Minimal deferred maintenance

OVERVIEW

Turnkey lodging investment opportunity in downtown Munising located along high-traffic M-28. Sale includes a 12-unit motel plus a 2-bedroom, 2-bathroom house currently used as an active Airbnb. Established rental history, strong tourism-driven location, and positioned near Pictured Rocks National Lakeshore, Lake Superior, trails, dining, and area attractions. Financials available to qualified buyers with signed NDA. Please do not disturb guests, tenants, owner, or employees. Showings by appointment only.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$187 USD /SF

# OF ROOMS

12

PRICE/ROOM

$74,583 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Munising Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

Commercial

APN/PARCEL ID

02-051-101-001-00,02-051-101-002-00,02-051-101-018-00

ASK ABOUT THIS PROPERTY

Vicki TannehillRE/MAX SuperiorLandMore Info
906-202-0812

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Vicki TannehillRE/MAX SuperiorLandMore Info
906-202-0812

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