#2392 Investment grade Upper Peninsula Inn for Sale with restaurant, bar and 12 guest rooms – located on popular inland lake

High on a bluff overlooking Manistique Lake, this one-time railroad passenger hotel has functioned as a Bed & Breakfast establishment in this popular Upper Peninsula tourist area since 1990. Moved from its original site in 1924, and operating for many years in a variety of capacities, this 7500 square foot, three story structure now incorporates a restaurant, bar and gift shop along with its twelve guest rooms. It operates year-around to accommodate both the full-time population and visitors to the UP’s four seasons of recreation. And its price is a low multiple of its annual revenues, being well within PAII guidelines.

A large, wraparound front porch, a gazebo and lots of lawn area provide guests with views to the lake and its islands. Stairs lead down from the bluff to a dock and the lake, which the Inn has 300 feet of frontage on.

On the main floor are the restaurant, bar and a gift shop. There are several dining areas (seating 96), providing for casual or formal dining, and the ability to host private parties. In warmer weather meals are also served on the porch, while tables around the large, stone, wood-burning fireplace are popular in the cooler months. This full-time restaurant operation is supported by a bar and a large commercial kitchen. A Class B Hotel license is included in the sale.

A stairway leads to the second level and ten of the guest rooms. Wide hallways make for easy passage and room access. Currently 4 of the rooms have private bathrooms, 2 share a bathroom in Jack & Jill style, and the other 4 rooms share common bathroom facilities (separate men’s and women’s), but those 4 all have compensating lake views!

Two (2) more bedrooms with private bath, an office and a storage room are located on a smaller third level. These could be guest rooms or OQ, depending on one’s situation.

With 3.8 acres of land, 7500 square feet of building, a large parking area, lots of front lawn area, 300 feet of lake frontage and wonderful lake views, this Inn provides both the foundation for continued revenue generation and the potential for innovation and further growth.

Plus, as a well-known, well-established business, this Inn immediately provides a new owner with revenues and cash flow, while affording them the opportunity to develop a feel for the on-going operation, before ever having to invest additional funds.

This Michigan, Upper Peninsula Inn is offered for sale fully furnished and turnkey at $899,000

Agent of Record: V. Bender