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Top Rated Motel in Michigan’s UP Includes 2 Homes!

Ironwood, MI (Gogebic County)

Top Rated Motel in Michigan’s UP Includes 2 Homes!
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Asking Price: $469,000

Cash Flow: $99,000

Gross Revenue: $266,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

Top Rated Motel in Michigan’s UP Includes 2 Homes!

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Business Description

This is an unbelievable opportunity to own one of the top motels in this beautiful resort community. Indianhead Motel features 25 rooms with various bed configurations. A small owner’s quarters featuring a kitchen, living room and bedroom is also part of the motel.

But wait there's more… This opportunity also has two homes that are included in the price. Both the homes sleep around ten people comfortably. One home is a three-bedroom, 1.75-bath and the other home is a four-bedroom, 1.75-bath. Both homes are in good condition and have been well maintained.

The motel, along with the two homes, sits on approximately 2.67 acres of land and is properly priced so don't let this opportunity slip away.

Detailed Information

Location:
Ironwood, MI
Real Estate:
Owned
Included in asking price
Building SF:
N/A
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Business Location


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(from currently available funds)
 
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John Foster

Business Listed By:
John Foster

Creative Business Services

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Sponsoring Broker:
Michael J. Schwantes

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