8306 S Us-131, Mancelona

$380,000

0 Beds
0 Baths
10,500 Sqft
2.76 Acres
0 Garages

Business opportunity of a lifetime! 26-unit motel, house and apartment on the corner of busy US131 and M66 in the heart of northern Michigan! This motel is the only motel for miles, and is located on 2.76 acres with a split available. This property was recently appraised at $450,000 which does not include the house valued at around $100,000. It does need some renovation. This building has had a long time steady business year round and is within an hour of Gaylord, Traverse City, Petoskey, and Charlevoix. In addition to the 26 busy rooms, this property includes a nice 3 bedroom 1500 square foot home, as well as a large 2 bedroom apartment right behind the front desk. This motel is convenient to all northern Michigan recreation including lakes and rivers, golfing, skiing, and hunting. It is located near outstanding snowmobile trails. Total square footage is 10,500. The original 8 rooms were built in 1958, and have 2918 square feet. The remainder of the hotel was built in the 1980's and includes 6116 square feet. The 2001 manufactured home is 1456 square feet, and includes 3 bedrooms and two bathrooms. Also includes motel laundry room, 24' pole barn, and 2 story storage hut. Furnishings and fixtures included. All measurements approximate and must be verified by the buyer.

Essential Information
MLS® #1860353
Price$380,000
Square Footage10,500
Acres2.76
Year Built1980
TypeMulti-Family
Sub-TypeApartment
StatusActive
Community Information
Address8306 S Us-131
Subdivisionnone
CityMancelona
CountyAntrim
StateMichigan
Zip Code49659
Amenities
GaragesDetached
WaterfrontNone
Utilities

WATER: Municipal SEWER: Private Septic

Interior
Interior FeaturesNone
HeatingNatural Gas, Electric, Wall
BasementPiers
FireplacesNone
Appliances

Refrigerator, Oven/Range, Dishwasher, Washer, Dryer

Exterior
ExteriorBrick, Vinyl Siding
Exterior FeaturesNone
Lot Description236x360x250x460x140 irr
RoofAsphalt
ConstructionFrame, Manufactured/HUD, Brick
School Information
DistrictMancelona Public Schools
Additional Information
Date ListedMay 2nd, 2019
Days on Market78
ZoningNot Zoned
Listing Details
OfficeDEK Realty
Office Address6075 Cedar River Road
Property History
Status Changed from Price Change to Active
Status Changed from Active to Price ChangePrice Reduced from $390,000 to $380,000
Status Changed from New to Active

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright © Northern Great Lakes REALTORS® MLS. All Rights Reserved.

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