Address
873 US41 Highway, Ishpeming, MI
Price
$ 299,900
Property Attributes
  • MLS#50142473
  • TypeCommercial
  • CountyMARQUETTE
  • CityIshpeming
  • AreaIshpeming
  • NeighborhoodIshpeming
  • Zip49849
  • StyleCommercial/Industrial
  • Price$ 299,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4915
  • Lot Size0.58 Acres
Data Source:
MiRealSource (MIRS)
Property Description

Discover a unique investment opportunity with this small motel and attached home, perfect for an owner-operator or investor. Motel features: 11 rooms which need some updating, basement for storage and all mechanicals, ample parking, and very visable location located right on US 41 in Ishpeming. Home features: four bedrooms, two baths, cozy living room, formal dining room, convenient kitchen. The home also has an upstairs one bedroom apartment with a separate back entrance for an additonal revenue opportunity. Don't miss out on this rare opportunity!! Schedule a viewing today and explore the possibilities.

Price History
5/18/2024 Listed $329,900
6/22/2024 10% - $299,900

General Features

Heating Boiler,Hot Water
Cooling Wall/Window A/C
Roof Shingles
Exterior Features Deck/Patio
Zoning SR - Single Family Residential
Water Public Water
Status Active
Year Built 1952
Parking 11-20 Spaces,On Site,Parking Lot
Subdivision Palms Brook
Water Heater Gas
County Marquette
Class COM/IND/BUS OPP
Type Commercial/Industrial
Business Type motel
Business Name Wonderland Motel
Percent Ownership LLC
Associated Document Count 3
Status Active
Zoning Residential
Subdivision MI
Sale/Rent For Sale
Flood Insurance Not Required
Commercial Features 1 Phase Power,Alley,Bath,Cable TV Available,Carpet,Ceramic Floor,Internet Available,Fixtures,Furniture,Living Quarters,Living Quarters Attached,Reception Area
Subj to Short Sale Apprvl No
Area Ishpeming (52013)
Primary City Ishpeming
Location Main Street,Residential Area
Directions Located on US 41 in Ishpeming,right across the highway from the Ishpeming Armory.
ModificationTimestamp 2024-06-22T19:12:11.7
City Ishpeming
Lease Y/N No
Originating MLS Upper Peninsula Assoc of Realtor
Source MLS MI Real Source
Financial Terms Cash,Commercial Loan,Conventional
Legal Description Palms Brook Addition Lot 1 Motel and Lot 2 Home
DOM 36
Postal Code 49849
Price Per Sq Ft Total AG 61.02
BUSINESS TYPE Hotel/Motel
Internet Remarks Listing Agent: BRADLEY ARGALL Broker: RE/MAX 1ST REALTY: Discover a unique investment opportunity with this small motel and attached home
Coming Soon Discover a unique investment opportunity with this small motel and attached home,perfect for an owner-operator or investor. Motel features: 11 rooms which need some updating

Interior Features

Basement Y/N Yes
Ceiling Height Less than 16 Ft.
Fuel Type Natural Gas

Exterior Features

Exterior Aluminum,Brick,Shingle
Frontage 300
Body of Water none
Flood Plan None
Lot Size Area 0.58
Lot Dimensions 300x30x338x132
Well/Septic Inspection Done No
Site Depth 132
Water Features None
SEWER SEPTIC Public Sanitary
Roads Class A,U.S. Highway
FOUNDATION TYPE Basement
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 49849

Price
AVG $320K
$300K
Visits
AVG 439
615
Data Provided by Inside Real Estate®
Year Built
AVG 1948
1952