For Sale
$895,000

1520 Us-2 Gulliver, MI 49840

Turnkey Motel & Restaurant, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
133
Exceptional investment opportunity: the Dreamland Motel & Restaurant in Gulliver, Michigan, is offered at $895,000. This turnkey hospitality and retail property boasts 8,399 square feet across two one-story buildings situated on 24 acres. Completely renovated in 2022, the property includes 21 units with 20 beds, currently operating at 100% occupancy. The attached restaurant, formerly "Bread & Bacon," features a liquor license (currently in escrow) and served breakfast and lunch. The motel and restaurant enjoy a prime location on US Highway 2, approximately 1.5 hours east of the Mackinac Bridge and 2 hours west of Wisconsin, attracting both local and tourist clientele. The property is zoned for Resource Production and offers potential for expansion, such as adding RV/camper sites (estimated cost $70,000). This established and successful business presents a unique owner/user opportunity with multiple income streams and significant growth potential in the scenic Upper Peninsula of Michigan. The property's APN is 006-232-018-00.

Highlights

  • $895,000 turnkey hospitality and retail property in Gulliver, MI.
  • 8,399 SF across two one-story buildings on 24 acres.
  • Completely renovated in 2022 with 21 units (20 beds), currently at 100% occupancy.
  • Includes a restaurant with a liquor license (in escrow), previously operating as "Bread & Bacon".
  • Prime US Highway 2 location, 1.5 hours east of the Mackinac Bridge.
  • Zoned for Resource Production, with expansion potential (e.g., RV sites, estimated $70,000).

Property Details for 1520 Us-2

Property type
Retail properties, Restaurants
Square Feet
8,399 SF
Year Renovated
2022
Buildings
2
Stories
1
Lot Size (sq. ft)
1,045,440 SF
Units
21

Location Insight

City
Gulliver
County
Schoolcraft
State
Michigan
Latitude
46.085351974081
Longitude
-85.955104511164

FAQs

What type of property is this?
Retail property - Turnkey Motel & Restaurant, High Occupancy
Where is the retail property located?
The property is located at 1520 Us-2 Gulliver, MI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: $895,000 turnkey hospitality and retail property in Gulliver, MI.; 8,399 SF across two one-story buildings on 24 acres.; Completely renovated in 2022 with 21 units (20 beds), currently at 100% occupancy.
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1520 Us-2
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