For Sale
$350,000

900 United Spanish War Veterans Mem Hwy St. Ignace, MI 49781

Profitable Motel on 3 Acres

Overview

Added:
Dec 11, 2024
Days on market:
131
This established motel in St. Ignace, Michigan, presents a unique investment opportunity. Situated on a large 3-acre double township parcel along a high-traffic state highway, the property boasts significant visibility and potential. The complex comprises three buildings: a 1-2 bedroom home ready for renovation, an eight-unit attached building requiring finishing work, and a mid-section building with four units (upper and main level) needing foundation repair before occupancy. Additionally, an east bank of units includes three newly renovated units and one ready for assembly. Many supplies, including refrigerators, microwaves, and some furniture, are included in the sale. This seasonal business caters to short-term work housing, vacation stays, and other opportunities. The asking price is $350,000. The property's location is 900 United Spanish War Veterans Mem Hwy, St. Ignace, MI 49781. This is a prime location just outside the city limits, offering a blend of accessibility and tranquility. The existing structures provide a solid foundation for a thriving hospitality business, with significant potential for increased revenue through renovations and strategic marketing. The ample land offers room for expansion or additional development. This is an exceptional opportunity for an investor seeking a well-located, established motel with significant upside potential.

Highlights

  • Established motel in St. Ignace, MI, asking $350,000.
  • Located on a 3-acre double township parcel with high visibility on a state highway.
  • Three buildings: a 1-2 bedroom home, an eight-unit building needing finishing, and a four-unit building needing foundation repair.
  • Includes three newly renovated units and one ready for assembly; many supplies included.
  • Seasonal business with potential for increased revenue through renovations and marketing.

Property Details for 900 United Spanish War Veterans Mem Hwy

Property type
Hospitality properties, Motels
Buildings
3

Location Insight

City
St. Ignace
County
Mackinac
State
Michigan
Latitude
45.854171683427
Longitude
-84.758149097382
900 United Spanish War Veterans Mem Hwy, St. Ignace, Michigan

FAQs

What type of property is this?
Hospitality property - Profitable Motel on 3 Acres
Where is the hospitality property located?
The property is located at 900 United Spanish War Veterans Mem Hwy St. Ignace, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Established motel in St. Ignace, MI, asking $350,000.; Located on a 3-acre double township parcel with high visibility on a state highway.; Three buildings: a 1-2 bedroom home, an eight-unit building needing finishing, and a four-unit building needing foundation repair.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
900 United Spanish War Veterans Mem Hwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message