For Sale
$439,900

13467 M-28 Newberry, MI 49868

16-Unit Motel, Turnkey Opportunity, High Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 16-unit motel, the Knollwood Inn, presents a compelling redevelopment opportunity in Newberry, Michigan. Situated on a high-traffic location at 13467 M-28, this well-maintained property boasts 5,324 square feet across three single-story buildings, built in 1960. The property includes 16 keys, each with updated features including fresh paint and many with refurbished bathrooms. A large, centrally located dining room and commercial-grade kitchen are ideal for catering to guests. On-site amenities include a laundry area and linen storage. The welcoming reception area features a dedicated space for a continental breakfast service. Adding to the appeal, a separate three-bedroom, two-bathroom home is conveniently located nearby, along with a heated garage for equipment and vehicles. The property is zoned commercial and offers potential for alternative uses, such as long-term rentals or senior living. The Knollwood Inn enjoys excellent guest reviews and benefits from easy access to popular snowmobile and ATV/ORV trails, ensuring consistent bookings. The asking price is $439,900, and the property is being sold turnkey, complete with all furniture, fixtures, and equipment. This is a rare chance to acquire a thriving business with significant upside potential. The property is privately owned.

Highlights

  • 16-unit motel, Knollwood Inn, in high-traffic Newberry, MI location (13467 M-28).
  • 5,324 sq ft across three single-story buildings, built in 1960.
  • 16 updated guest rooms with fresh paint and many refurbished bathrooms.
  • Includes a large dining room, commercial kitchen, laundry, linen storage, and reception area with space for continental breakfast.
  • Separate 3-bed/2-bath home and heated garage included.
  • Commercial zoning allows for alternative uses (long-term rentals, senior living).

Property Details for 13467 M-28

Property type
Hospitality properties, Motels
Square Feet
5,324 SF
Year Built
1960
Buildings
3
Stories
1

Location Insight

City
Newberry
County
Luce
State
Michigan
Latitude
46.3028779
Longitude
-85.4980537
13467 M-28, Newberry, Michigan

FAQs

What type of property is this?
Hospitality property - 16-Unit Motel, Turnkey Opportunity, High Traffic Location
Where is the hospitality property located?
The property is located at 13467 M-28 Newberry, MI.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 16-unit motel, Knollwood Inn, in high-traffic Newberry, MI location (13467 M-28).; 5,324 sq ft across three single-story buildings, built in 1960.; 16 updated guest rooms with fresh paint and many refurbished bathrooms.
How can I contact the broker?
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13467 M-28
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