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46995 US41
HOUGHTON, MI 49931

$415,000
MLS# 1105241

 

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PROPERTY DESCRIPTION

WONDERFUL OPPORTUNITY, to live and work in the UP’s Keweenaw Peninsula. This 24 unit, well-placed and well-maintained hotel is situated just a mile from Michigan Tech University, across the street from the Houghton walking trail and Portage Lake and walking distance to the Portage Lake Golf Course. This 1.4-acre parcel features a 4239-sq. ft. one story motel with a full basement. This building has 11 single rooms, 1 double room, a 2-bedroom suite and living quarters for a manager. The 2-story building has 10 double rooms with a partial basement and is 2976 total square feet. All rooms feature free WIFI, TV's, mini refrigerators, and individually controlled heat and air conditioning. The office is a 1970’s 1632 sq. ft. Wausau home, this building was used as a home for the previous owner, and features 3 bedrooms, 1.5 baths. This building is currently used for lobby, office space, laundry facilities and storage. The furniture in the motel rooms was replaced in 2014 and is included in the purchase price. The current owners installed a state of the art natural gas heating system in both motel buildings replacing the old electric baseboards. They have also installed all new windows in the single-story building. A huge parking lot provides room for at door parking on most rooms and ample space for RV’s and trailers. In the center of the parking lot is a lovely garden space with a fire pit and grills. There is an older sauna building which has not been used by the current owner, and 2 storage buildings. 2 wells and 2 septic systems service the property. This is the last "Mom & Pop" motel in the area, has had good traffic and occupancy rates. Check out www.juliesmotorinn.com for further information.

 
LOCATION
46995 US41
Houghton, MI 49931

County: Houghton

School District:

Property Tax Area: Portage Township

Waterfront: None
Water View: Great Lake
Shoreline: Not Applicable

Road Access: Year Round

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DETAILS
Business Type Motel
Total Buildings 3.00
Total Building Square Feet 7215.00
Lot Dimensions 200x303
Year Built (Approx.) 19
Status: Sale Pending w/Contingency
 
 
BUILDING & CONSTRUCTION

Foundation: Block

 

Basement: Full,Partial

Construction: Conventional Frame

Garage:

Fireplace:

 

Exterior: Brick,Wood

Outbuildings: Shed

 

Accessibility:

First Floor Bath:

 

First Floor Bedroom:

Foundation: Block

 

Basement: Full,Partial

Green Features:

 

Extras:

 
UTILITIES, HEATING & COOLING

Electric: Yes

 

Natural Gas: Yes

Sewer: Septic

Water: Drilled Well

Cable: Yes

 

Telephone: Yes

Propane Tanks: N/A

 

Air Conditioning: Wall Unit

Heat: Natural Gas Hot Water

 

Supplemental Heat: None

 
 
 
PAYMENT CALCULATOR
Loan Amount:
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Interest Rate: %
Repayment Period: YEARS
   
MONTHLY PAYMENT
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Listing Office:
Re/max Douglass R.e.-h

Listing Agent:
Stroube, Ginger

 
 
 

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