40500 Michigan Ave - Hospitality FOR SALE


Canton, MI 48188
$3,799,999 USD
714-353-8917
40500 Michigan Ave, Canton, MI for Sale
$3,799,999 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

40500 Michigan Ave
Canton, MI 48188


OVERVIEW

Experience a prime investment opportunity at the Travelodge by Wyndham Canton/Livonia Area located at 40500 Michigan Ave, Canton MI 48188. This lucrative property features 83 units within a well-maintained 27,686 SF building on a spacious 2.04-acre lot. Built in 1988 and renovated in 2012, the property offers a solid investment foundation in an area with strong demographics, including a 2024 median household income of $71,051 within 1 mile. Priced attractively at $3,799,999 ($137.25 PSF), this property presents an excellent opportunity for investors seeking a profitable venture. With C-4 General Comm. zoning, ample parking with a ratio of 1.08/room, and numerous amenities, this Travelodge is ready to provide a comfortable stay for guests while ensuring a lucrative return on investment for the new owner. Don't miss out on the chance to own a thriving hospitality business in a sought-after location - contact us today to discover more about this exceptional property.

FOR SALE DETAILS

PRICE

$3,799,999 USD

PRICE/SF

$138 USD /SF

# OF ROOMS

83

PRICE/ROOM

$45,783 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Travelodge by Wyndham Canton/Livonia Area, MI

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1988

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

88,862 SF

ZONING

C-4

APN/PARCEL ID

71-099-99-0012-002

ASK ABOUT THIS PROPERTY

Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-353-8917

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Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-353-8917

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