This long-standing motel and apartment complex is one-half block off the main street in the downtown area and the only motel lodging in town!  It is comprised of two buildings on slightly less than 1/4 acre.  This is a great opportunity for anyone who is looking for a small business in the slower-paced lifestyle of Michigan’s Upper Peninsula.  Combine a great downtown location with well-maintained buildings and units, plus high occupancy levels, and this property spells “winner”!

 

Altogether the two buildings house 6 apartments, 12 motel units and an upper-level owner living quarters (apartment). In the renovated hotel building are two 1-bedroom apartments and four 2-bedroom apartments, with the one bedroom apartments renting at $450/month and the two bedroom apartments at $550/month. Motel units are located in both buildings, with two in the "hotel" building and ten in the motel structure..

 

Owners Quarters are on the second level above the Lobby / Office in the motel building, and provide easy access to new arrivals via a back stairway. This apartment provides a living room, kitchen, bedroom, full bath and plenty of storage space.  It further affords excellent views of both the parking lot area between the buildings and the hotel building
(with apartments and motel units).



Overall the property is in very good condition, with a new rubber roof installed on the apartment building in 2004.  Grant monies have also been awarded to replace the windows.  The Village has a plan in place to widen the street.  In total there is 10,400 square feet of building living space (4,400 square feet in the original motel, with the remaining 6,000 square feet in the apartment / motel (hotel) building.  The basement is partial and a crawl space exists.

   

This complex is located in a year-around tourist and recreational part of Michigan, with summertime activity in the Porcupine Mountains and nearby Keweenaw Peninsula, and winter snowmobile action.  With its setting in the downtown area and close proximity to both Lake Superior and the Ontonagon River, this property offers a great opportunity to buy an existing business with good financials and year-around clientele.

This Upper Peninsula Michigan Motel / Apartment Complex is offered for sale at $385,000