For Sale
$1,300,000

1200 Ashmun St Sault Ste. Marie, MI 49783

Profitable Upper Peninsula Motel, 41 Units

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a well-maintained, profitable motel in Sault Ste. Marie, Michigan. Located at 1200 Ashmun Street, this property boasts 41 guest rooms, providing substantial revenue generation. The property also includes a comfortable 3-bedroom, 2-bathroom apartment with a deck offering stunning views of the city, the third oldest permanent city in the United States. The motel has a stellar reputation built over 35 years of operation, showcasing consistent care and attention to detail. Recent improvements include a new roof (2018/2022). The ongoing construction of the Super Lock provides a significant source of long-term bookings from construction workers. Conveniently located off I-75 (Exit 394), this property offers a unique blend of established business success and the tranquility of the Upper Peninsula. This is a turnkey operation in a historically rich, relaxing small town, presenting a rare opportunity for a savvy investor seeking a profitable and established business. The asking price is $1,300,000. This is a truly exceptional opportunity to own a piece of the Upper Peninsula's rich history and vibrant future.

Highlights

  • Profitable 41-room motel in Sault Ste. Marie, MI, generating substantial revenue.
  • Includes a 3-bedroom, 2-bathroom owner's apartment with city views.
  • Established business with a 35+ year history and stellar reputation.
  • Recent roof replacement (2018/2022).
  • Benefits from long-term bookings due to nearby Super Lock construction.
  • Convenient I-75 (Exit 394) location.

Property Details for 1200 Ashmun St

Property type
Specialty properties, Land
Units
41

Location Insight

City
Sault Ste. Marie
County
Chippewa
State
Michigan
Latitude
46.4890577
Longitude
-84.3539485

FAQs

What type of property is this?
Specialty property - Profitable Upper Peninsula Motel, 41 Units
Where is the specialty property located?
The property is located at 1200 Ashmun St Sault Ste. Marie, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Profitable 41-room motel in Sault Ste. Marie, MI, generating substantial revenue.; Includes a 3-bedroom, 2-bathroom owner's apartment with city views.; Established business with a 35+ year history and stellar reputation.
How can I contact the broker?
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1200 Ashmun St
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