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320 Shelden Ave
Houghton, MI 49931
906.482.1000
200 Fifth Street, Suite 101
Calumet, MI 49913
906.337.3370
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314 CHIPPEWA
ONTONAGON, MI 49953

MLS # 1102262
COMMERCIAL/INDUSTRIAL: BUSINESS INCL. BUILDING

 
 
ABOUT THE PROPERTY
OPPORTUNITY in ONTONAGON.........it doesn't get much better than this....an opportunity to live and work in this charming Village on the shores of Lake Superior, the Greatest of the Great Lakes....... INN-TOWNE Motel and Apartments, located in downtown Ontonagon, walking to all shops and restaurants...and Lake Superior, and the Ontonagon river...19 mi to the Porcupine Mt. State Park...this is a business opportunity! Occupancy levels were strong this past year...and the buildings have been well-maintained...with ongoing d├ęcor updates, new windows in recent years, furnaces in 2010... Lake Superior, Ontonagon River, Porcupine Mtn. State Park attract leisure visitors on a year'round basis... There are 13 rooms.....and the apartment building has been totally renovated with six updated apartments. Four apartments are $550/month, two apartments are $450/month. New rubber roof on hotel building: 2004. 3 water heaters. Good financials: Tax returns available to qualified buyers with signed confidentiality agreement. Laundry outsourced. Plan to widen street by Village in place. Community has a new bridge, theatre for the performing arts, Ontonagon River & Lake Superior. Basement is partial & crawl space. 4,400 sq. ft. (motel) & 6,000 sq.ft. (hotel). Year built: 1920-1957-1966. Alarm system in motel only. Motel parking. New windows in hotel building.
 
 
 
 
LOCATION
314 CHIPPEWA
Ontonagon, MI 49953

County: Ontonagon
School District:
Property Tax Area: Ontonagon V

Waterfront: None
Water View: None

Listing Office:
RE/MAX Douglass Real Estate
Listing Agent:
Lahti, Karen

Directions:
 

 
DETAILS
Price
$210,000

 

Business Type Motel/Apt/Hospitality lod
Total Buildings 2.00
Total Building Square Feet 10400.00
Lot Dimensions 50x100 & 50x100
Year Built (Approx.) 1956
 
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ADDITIONAL PHOTOS