Motel For Sale on M-52, Stockbridge, Michigan

Hospitality for Sale
Catylist Listing ID: 30353305
Property Subtypes: Extended Stay, Motel
Number of Units: 10 Units
Building Size (RSF): 4,992 SF
Gross Building Area: See Agent
Gross Land Area: 4.76 Acres
Sale Price: $299,000
Unit Price: $29,900 Per Unit
Property Use Type: Investment, Business
Building Name: Inn on 52
Sale Terms: Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/21/2018

Overview / Comments

Excellent opportunity to purchase an operating Motel on M-52! The Motel is currently being operated as a Long Term Stay with rental by the week. Ten efficiency units that include two beds, bath, kitchen and living/dining area. Also includes two bedroom apartment on the second floor and the possibility of eight more units in the lower level. On 4.76 acres which allows room for expansion. Occupancy at 100% April through October. Two coin washers and dryers included.

Attachments & Media

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Tax ID/APN: 05-02-151-003-05
Zoning: COMMERCIAL

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,944 10,397
Median Age: 39.88 41.87
Households: 1,115 3,869

Contact

Photograph of Listing Agent

Doug F. Ziesemer

RE/MAX Commercial Brokers
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.