$900,000
$1,140,000
21.1%For more information regarding the value of a property, please contact us for a free consultation.
19,023 SqFt
SOLD DATE : 09/07/2022
Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 19,023 sqft
Price per Sqft $47
Subdivision Mi
MLS Listing ID 10073103
Sold Date 09/07/22
Year Built 1960
Tax Year 2021
Lot Size 6.800 Acres
Acres 6.8
Lot Dimensions 601x500
Property Description
Ever dream of owning your own successful business? How about living in a small progressive town in the Upper Peninsula of Michigan. The Gray Wolf Lodge may make all your dreams come true. Located just outside the easterly city limits of Manistique, this motel is located adjacent to one of the busiest travel routes in the Upper Peninsula, being U.S. Highway 2. This business opportunity features 40 large units, situated on 6.8 acres with full living quarters, garage and all appliances, equipment and supplies included. An added bonus is the heated indoor swimming pool. Many recent upgrades include new roof, steam boiler, commercial grade water heaters, windows, new lock systems on all rooms, new carpet in all the first floor rooms along with cable tv, refrigerators, microwaves, air conditioning and wireless internet. This is a turn key business opportunity with everything included and many repeat customers with an increasing gross income the past 3 years. As an added bonus of owning the Gray Wolf Lodge (located on the north side of US 2), you would also own 601' of prime sand beach frontage south of US 2, on the northern shore of Lake Michigan. This would be a prime parcel for future development into individual building lots or just keep it as one for future use of motel guests. Financials are available along with showings by appointment only to pre-qualified buyers.
Location
State MI
County Schoolcraft
Area Manistique Twp (77008)
Interior
Heating Hot Water, Other-See Remarks
Cooling Ceiling Fan(s), Wall/Window A/C
Exterior
Parking Features On Site
Building
Water Private Well
Structure Type Brick,Frame,Vinyl Siding,Wood
Others
Ownership Private
Energy Description Electric,Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional,Conventional Blend
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Bought with UPPER PENINSULA NC