$895,000
1520 US2 Highway Gulliver, MI 49840
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$895,000
Est. payment /mo
8,399 SqFt
Active
1520 US2 Highway Gulliver, MI 49840
UPDATED:
10/16/2024 01:27 PM
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 8,399 sqft
Price per Sqft $106
Subdivision Mi
MLS Listing ID 50158358
Year Built 1962
Tax Year 2023
Lot Size 24.000 Acres
Acres 24.0
Lot Dimensions irregular - triangle
Property Description
Located in the heart of Michigan’s Upper Peninsula, this turn key investment opportunity offers multiple streams of income with endless potential for further growth. Completely renovated in 2022, the property features 19 clean and comfortable hotel rooms (each equipped with brand new beds), along with an attached home for the owner to reside in or rent out. In addition, you’ll find a beautifully updated restaurant with Liquor license (currently in escrow). The restaurant was most recently operated as “Bread & Bacon”, serving up delicious breakfast and lunch items in a comfortable, bright, and friendly space. The property benefits from its location on the high traffic US Highway 2, of which you’ll be about 1.5 hours East to the Mackinac Bridge, or 2 hours West to Wisconsin. Both the hotel and restaurant are well regarded both locals and tourists alike, and a potential buyer would be walking into a business that is proven, successful, and trusted. In addition to the existing businesses on site, there is potential to add RV/Camper sites to the property as well (quoted to cost $70,000). This unique opportunity could be just the entrepreneurial venture you have been waiting for. Live on site and watch your thriving business flourish, all while benefiting from the safety and comfort of the beautiful Upper Peninsula.
Location
State MI
County Schoolcraft
Area Mueller Twp (77010)
Zoning Commercial
Interior
Heating Wall Heat, Electric Heat, Forced Air
Exterior
Garage 21+ Spaces
Waterfront No
Roof Type Shingles
Building
Foundation Slab
Water Private Well
Structure Type Brick,Vinyl Siding
Others
Ownership Private
SqFt Source Public Records
Energy Description LP/Propane Gas
Financing Cash,Commercial Loan,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by GROVER REAL ESTATE
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