4404 I-75 Business SpurSault Ste. Marie, MI 49783

Property Details for 4404 I-75 Business Spur

Year built

1987

Lot size

4.00 AC

Property size (Sq ft)

61,662 SF

Property type

Hospitality properties

Property subtype

Motels

Description

This exceptional 85-key Comfort Inn, situated in Sault Ste. Marie, Michigan, presents a compelling investment opportunity. Boasting 61,662 square feet across two stories, this well-maintained property, built in 1987 and renovated in 2018, sits on a substantial 4-acre lot. Its strategic location on I-75 Business Spur ensures convenient access for travelers. The hotel's strong financial performance is evident in its impressive trailing twelve-month revenue of $2,374,690 (August 2024), representing a price-to-revenue multiple of 3.36x. The asking price is $7,980,000, translating to $129.42 per square foot. The property is zoned B3 and benefits from its location within an Opportunity Zone. The ongoing $3.2B Soo Lock construction project, slated for completion by 2030, is expected to generate significant economic growth and increased tourism, further enhancing the hotel's long-term prospects. This presents a rare chance to acquire a profitable hospitality asset in a dynamic and growing market. The property's substantial size and prime location make it an ideal investment for experienced hospitality operators seeking a strong return on investment. The August 2023 room revenue was $2,230,449.

Location Insight

City

Sault Ste. Marie

County

Chippewa

State

Michigan

Latitude

46.4628

Longitude

-84.378

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