400 Main St - Hospitality FOR SALE


White Pine, MI 49971
$1,250,000 USD
906-667-6366
400 Main St, White Pine, MI for Sale
$1,250,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

400 Main St
White Pine, MI 49971


OVERVIEW

Here is your once in a lifetime opportunity to own a popular motel, restaurant/bar, bowling alley, convenience store and gas station in a well sought after tourist area near the Porcupine Mountains and Lake Superior. A visitor destination whether you are a snowmobiler, camper, waterfall chasing or a Lake Superior enthusiast. The well-established restaurant/bar business within the White Pine community can seat over 200 people for dining, banquets, and weddings. One of the only conference centers on the range that is used by many local businesses for special events, meetings, classes, testing, and seminars. They have a history of hosting many area fundraisers. The kitchen is a masterpiece for the chef looking for a well-equipped workplace, with a separate area for the dishwashing. There are plenty of storage areas that are easily accessible for staff members. The convenience store for the gas station offers thoughtfully stocked merchandise for many area needs, from your everyday stables to items for campers in the area. I might mention it's the only gas station for 12-19 miles and serves the locals and many tourists passing through. For your entertainment the automated 8 lane bowling alley is a unique addition to this business. Plenty of arcade games and 2 pool tables add to the fun. The motel has 16 rooms, each offering 2 queen beds, a mini frig and cable tv. For your convenience there is a shared laundry area for all to use. This business has been an icon in the area for some time but has been very well maintained with a good deal of updates since 2015. The Konteka is a friendly place, with a outstanding reputation for their service. A place for everyone to enjoy and if you're lucky you just might experience a bear sighting while you're there!

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$53 USD /SF

# OF ROOMS

16

PRICE/ROOM

$78,125 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Konteka Black Bear Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2004

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,001 SF

ZONING

C3

APN/PARCEL ID

03-058-001-30

ASK ABOUT THIS PROPERTY

Tammy KauranenFirst Weber Realtors - BessemerMore Info
906-667-6366

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Tammy KauranenFirst Weber Realtors - BessemerMore Info
906-667-6366

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