18 Room Motel in the Heart of a Recreational Mecca

Gwinn, MI (Marquette County)

18 Room Motel in the Heart of a Recreational Mecca
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Asking Price: $298,000

Cash Flow: N/A

Gross Revenue: N/A

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Inventory: N/A

Established: 1990

18 Room Motel in the Heart of a Recreational Mecca

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Business Description

18 room motel in the heart of a recreational mecca only 5 miles from K I Sawyer International Airport. Motel has been owned by the same party since it was built and has been operated by an experienced manager and staff. Motel is clean and not far from Marquette, a major city in the Upper Peninsula of Michigan. Room rates have remained reasonable and motel has maintained a small profit each year. Being the only motel in the general vicinity of the town of Gwinn, it has repeat guests to keep its rooms full. Motel is currently operated seasonally, providing time to vacation away during the off season. A two room suite could be used as small living quarters, if desired. Motel must be sold! The price of $298,000 includes all furnishings, bedding, washer and dryer, etc. to continue operation of this diamond in the rough. This business would be great for a retired or working couple for additional income. Don't miss out on this opportunity.

Detailed Information

Location:
Gwinn, MI
Facilities:
Cap Rate 18.50% Building Class C Lot Size 2.87 AC No. Rooms 18 No. Stories 2 Parking Ratio 2.82/1,000 SF Zoning Description C-2 APN / Parcel ID 52-05-122-002-08 Property was built as a motel in 1990, on a 250x500 foot lot. Motel was build close to west end of property to allow for additions as needed. Property is located on a main highway close to a major rural intersection.
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Carol Vining Moore

Business Listed By:
Carol Vining Moore

Exp Realty LLC

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