Offices in Houghton & Calumet
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 # 1107702
COMMERCIAL/INDUSTRIAL: BUSINESS INCL. BUILDING

 
 
ABOUT THE PROPERTY
BUSINESS OPPORTUNITY in ONTONAGON...a Village with a bright future..........it doesn't get much better than this....an opportunity to live and work in this charming community 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... Occupancy levels are strong this year... the buildings have been well-maintained.. re-paving of the parking lot taking place in 2018 .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. The six apartments are FULLY RENTED for spring and summer months at $550/mos including all utilities. There is a fully-equipped, two-bedroom apartment above the motel for the manager's housing, with easy access to the motel rooms. Other upgrades include a new rubber roof on hotel building: 2004. 3 water heaters. Tax returns available to qualified buyers with signed confidentiality agreement. Laundry outsourced. The community has a new bridge, a new park on the shores of Lake Superior, a Theatre for the Performing Arts and its shores on the 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.
 
 
 
 
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
$240,000

 

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