Renovated Motel in Luxury Tourist Market
Michigan, United States
$2800000
Sale conditions: Market
Snapshot
Active| Ownership: | Fee Interest |
|---|---|
| Type: | Motel |
| Sub Type: | Limited Service |
| Chain / Market Scale: | Independent |
| Brand: | Independent |
|---|---|
| Corridor: | Exterior |
| No. of Keys: | 18 |
| Site Size: | 1.5 AC |
The Property is located within a few miles of downtown Petoskey, approximately fifteen miles north of Charlevoix and a short drive from Walloon Lake, Boyne Mountain, Boyne Highlands, and the Mackinac Bridge. The property is situated along heavily-traveled US 31, which connects cities and towns along the west coast of Michigan. It’s location on a bluff along the south side of US 31 also affords its guests views of Little Traverse Bay.
The property includes a 15-unit lodge, stand alone 3 BR - 2 BA house with attached 1 BR - 1 BA apartment, and a stand alone 1 BR - 1 BA cottage. The property’s numerous guest room offerings provide the ability to attract a variety of guests from commercial to leisure to families and those seeking a long-term stay.
Highlights:
Login to viewGeneral Property Information
| Property Name: | Login to view |
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| Property Type: | Motel |
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| Property Sub Type: | Limited Service |
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| Chain / Market Scale: | Independent |
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| Additional Property Type: | Resort |
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| Brand: | Independent |
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| Corridor: | Exterior |
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| Keys: | 18 |
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| Building Status: | Existing |
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| No. of buildings: | 3 |
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| Stories: | 2 |
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| Site size: | 1.5 AC |
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| Sprinklers: | None |
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| Parking Type: | Surface |
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| Parking Spaces: | 25 |
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| Construction Type: | Wood Frame |
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| Year Build: | 1960 |
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| Year Renovated: | 2025 |
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Room Inventory Description:
15 - Lodge Guest Rooms
01 - 3 BR - 2 BA House
01 - 1 BR - 1 BA Apartment
01 - 1 BR - 1 BA Cottage
18 Units
Source of Business:
Transient
Leisure
Commercial
Additional Links:
Login to viewLocation
| Country: | United States |
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| City: | Login to view |
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| State: | Michigan |
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| Postal Code: | Login to view |
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| APN/Parcel ID: | Login to view |
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| Location Type: | Login to view |
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Location Overview:
Brokers
Edward P Walsh, CHB
President and Designated Broker
Alpine Realty Capital, LLC
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