8306 S Us-131
Mancelona, MI 49659

Description

Business opportunity of a lifetime! 26-unit motel, house and apartment on the corner of busy US131 and M66 in the heart of northern Michigan! This motel is the only motel for miles, and is located on 2.76 acres with a split available. This property was recently appraised at $450,000 which does not include the house valued at around $100,000. It does need some renovation. This building has had a long time steady business year round and is within an hour of Gaylord, Traverse City, Petoskey, and Charlevoix. In addition to the 26 busy rooms, this property includes a nice 3 bedroom 1500 square foot home, as well as a large 2 bedroom apartment right behind the front desk. This motel is convenient to all northern Michigan recreation including lakes and rivers, golfing, skiing, and hunting. It is located near outstanding snowmobile trails. Total square footage is 10,500. The original 8 rooms were built in 1958, and have 2918 square feet. The remainder of the hotel was built in the 1980's and includes 6116 square feet. The 2001 manufactured home is 1456 square feet, and includes 3 bedrooms and two bathrooms. Also includes motel laundry room, 24' pole barn, and 2 story storage hut. Furnishings and fixtures included.

Details

MLS#1860353
Sub-TypeResale
StatusActive
Year1980
Days On Site18

Features

SQ Feet10,500
Units28
Building(s)1

Market Activity 49659

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Area Information

StateMI
CountyAntrim
CityMancelona
Zip Code49659
AreaAntrim
Listing VS Median (in 49659)
Price:
$390,000
low | high
Med:
$66,450
100% of Average
SqFt:
10,500
low | high
Med:
1,153
100% of Average
$ / SqFt:
$37
low | high
Med:
$58
5.832411158884% of Average
On Site:
18
low | high
Med:
24
75% of Average
Listing Updated: 05/19/2019
MLS Number: 1860353
Listing Provided By:
Donna Gundle-Krieg  of  DEK Realty
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