1000 River
Ishpeming, MI 49849
MLS #1103836

Commercial
  • 14,870sq ft
$895,000
Est. P&I payment: $3418.29/mo
1000 River, Ishpeming, MI 49849
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Description for 1000 River, Ishpeming, MI 49849
Opportunity to own a well known motel consisting of 26-units contained within a mix of one story (front/office/reception) and two-story (rooms) all over crawl space. The motel rooms are all rented on a nightly basis and are within a two story structure (first floor has the meeting room with a small office, lobby, breakfast area and business center (desk with computer in lobby). Located 2 blocks off of US41 in Ishpeming, with M-DOT traffic count in 2014 of 15,400 cars per day traveling this corridor. Last appraisal completed in 2016 gave a value of $925,000 so this is your chance to pick up a business that is already priced aggressively and making money. Appraisal and financials will be provided with the proper non disclosure agreements signed and proper proof of financing or available funds. Per the appraisal there are 2 Queen Rooms, 11 Business King Rooms, 4 Double Queen Rooms, 2 Single King Suites, 1 King Jacuzzi Suite, and 5 2-Double Bed Rooms. There is no restaurant or bar on site but eateries such as the Jasper Ridge Restaurant and Brewery, McDonald's, and Red Rock Lanes and Lounge are within 1 block of the property. Call your agent today and schedule your site visit.
MLS #1103836
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My Notes for MLS #1103836

General Features

  • Approx. Year Built: 1980
  • Number of Levels: 2
  • Total Number of Buildings: 1

Exterior Features

  • Exterior: Vinyl
  • Lot Dimensions: 285X329
  • Outbuildings: None

Interior Features

  • Basement: None
  • Est.Total Building SQFT: 14,870

Utility Features

  • Air Conditioning: Wall Unit
  • Cable: Yes
  • Electric: Yes
  • Heat: Electric
  • Natural Gas: Yes
  • Propane Tanks: N/A
  • Sewer: City
  • Supplemental Heat: None
  • Telephone: Yes
  • Water: City

Financial Features

  • Association Fee: None
  • Financing Options: None
  • Price Per SQFT: 60.19
  • Rental Options: No Rental Available

Miscellaneous Features

  • Business Type: Motel
  • Construction: Conventional Frame
  • Foundation: Crawl Space
  • Road Access: Year Round
  • Shoreline: Not Applicable
  • Water View: None
  • Waterfront: None
  • Wooded: None

Location

 
Street View Not Available
Directions to 1000 River, Ishpeming, MI 49849
US 41 west from Marquette to Country Village located behind McDonalds
The listing information for 1000 River, Ishpeming, MI 49849 was graciously provided by our friends at the listing brokerage, RE/MAX 1ST REALTY

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P&I Payment $3418.29
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Wild Rivers Realty & Associates, Inc's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Wild Rivers Realty & Associates, Inc, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 11/18/2017 at 3:50am
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