For Sale View Offering Memorandum

Rare Business Opportunity

3025 US-23, Cheboygan, MI 49721

Property Stats

GSF3,133
TypeHotel/Motel
Sub-typeEconomy/Limited Service
Use TypeBusiness For Sale
Lot SizeNot specified
MSAGrand Rapids-Wyoming
Year BuiltNot specified

Property Details

Property Description

What a rare business opportunity at an unbelievable price! 8 motel units, an efficiency and loving quarters with 2 beds & 1 bath. There are 2 parcels included in the safe totaling almost 2.5 acres.

There is a 3-season room, 1.5 car garage with workshop, fire pit and 2 storage sheds for tools and toys. You can operate it as is or could convert remaining units into 4 more apartments and rent all 6!

Motel furnishings, linens and other misc. items for business included.

For more information or to schedule a tour, please call Chad Anderson (Listing Agent) at (231) 218-0635.

Highlights

  • Well maintained and turn-key ready
  • New H20 heater & Boiler assist in 2017
  • 3 new septic tanks in 2016
  • New roof in 2013
  • On-site parking

Property Map

Additional Info

  • Number of Floors: Not specified
  • Under Construction: No
  • Building Class: Not specified
  • RSF: Not specified
  • USF: Not specified
  • Acres: 2.50

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.