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314 CHIPPEWA
ONTONAGON, MI 49953

MLS # 1102262
COMMERCIAL/INDUSTRIAL: BUSINESS INCL. BUILDING

 
 
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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 décor 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.
 
 
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LOCATION
314 CHIPPEWA
Ontonagon, MI 49953

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

Waterfront: None
Water View: None
Shoreline: Not Applicable

Road Access: Year Round

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

Directions:
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DETAILS
Price
$210,000

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Business Type Motel/Apt/Hospitality lod
Total Buildings 2.00
Total Building Square Feet 10400.00
Lot Dimensions 50x100 & 50x100
Year Built (Approx.) 1956
Status: Active
 
 
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BUILDING & CONSTRUCTION

Foundation: Block,Stone

 

Basement: Partial

Construction: Conventional Frame

Garage:

Fireplace:

 

Exterior: Brick,Hardboard

Outbuildings: None

 

Accessibility:

First Floor Bath:

 

First Floor Bedroom:

Foundation: Block,Stone

 

Basement: Partial

Green Features:

 

Extras:

 
UTILITIES, HEATING/COOLING

Electric: Yes

 

Natural Gas: Yes

Sewer: City

Water: City

Cable: Yes

 

Telephone: Yes

Propane Tanks:

 

Air Conditioning: Central

Heat: Natural Gas Hot Water

 

Supplemental Heat: None

 
 
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