W16431 US Highway 2 - Specialty FOR SALE


Gould City, MI 49838
$450,000 USD
989-475-2958
W16431 US Highway 2, Gould City, MI for Sale
$450,000 USD
Specialty - FOR SALE
1/6
null | Request Cap Rate

W16431 US Highway 2
Gould City, MI 49838


HIGHLIGHTS

  • Four established revenue streams operating from one property.
  • Restaurant, lounge, motel, entertainment venue, and event business.
  • Outdoor concert venue accommodates approximately 1,000 attendees.
  • Updated eight-room motel supports overnight guest demand.
  • Michigan liquor license includes on-premise, Sunday, and carry-out sales.
  • Recent renovations and capital improvements throughout the property.

OVERVIEW

Bates Corner presents a rare opportunity to acquire a fully operational hospitality and entertainment destination in Michigan's Upper Peninsula. Situated along US-2 in Gould City, the property combines multiple established business components within a single investment, creating diversified income potential and year-round customer appeal. The property features four distinct revenue streams, including a restaurant and lounge, an updated eight-room motel, a large outdoor concert venue with capacity for approximately 1,000 attendees, and recurring special events. The entertainment component has already attracted nationally recognized touring acts, creating opportunities for continued event programming and expanded regional draw. The restaurant and lounge serve both local patrons and travelers, while the motel provides lodging accommodations that complement the property's entertainment and hospitality offerings. Recent capital improvements enhance operational efficiency and guest experience throughout the property. Upgrades include renovated restaurant and bar areas, updated motel bathrooms, durable steel roofing, a commercial pizza oven, screened outdoor dining space, a dedicated pool room, and a large wood-fired heating system capable of serving the facility. A Michigan liquor license supporting on-premise service, Sunday sales, and carry-out alcohol purchases further strengthens the property's operating platform. Offering a combination of hospitality, lodging, entertainment, and event-driven revenue, Bates Corner provides an opportunity for investors or owner-operators seeking an established business with multiple income sources and future growth potential.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$61 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bates Corner

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.87 AC

LAND SF

124,921 SF

ZONING

C

APN/PARCEL ID

49009-229-002-10,49009-229-002-20

ASK ABOUT THIS PROPERTY

Monique GilbertKeller Williams Preferred SaginawMore Info
989-475-2958

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Monique GilbertKeller Williams Preferred SaginawMore Info
989-475-2958

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