Farwell, MI Hospitality properties for sale

Updated: Jan 17, 2025

Operating Inn and Palace House

22755 GRAND RIVER Avenue, Detroit, MI 48219

$624,999

8,019 sqft 0.41 AC lot

Multiple income streams from the operating Inn, Palace House, and a partitioned 2‑bedroom studio apartment.
Prime location in the Oak Grove District, adjacent to The Greater Sandhill area, on Historic Grand River Avenue, near developing area.
Large lot: Almost a half acre of land within a gated location.
Palace House features ceramic tile, stainless steel appliances, granite countertops, and center island.
Security features include CCTV security camera/video monitoring.

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This listing looks promising.

Here's a quick look at some key insights for

22755 GRAND RIVER Avenue, Detroit City, MI 48219

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Est. Cap Rate

7.7%
Above avg (5.9%)
Est. NOI

$48K
Annual
Price @ 7% Cap

$690K
Above asking
Last Sold

Oct 2024
$225K
Property Type

Residential Income
Built 1915

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Updated: Dec 16, 2024

Former Hotel Redevelopment Opportunity

2250 14th St, Detroit, MI 48216

$10,000,000

45,892 sqft

Four‑story former hotel built in 1923
93 rooms throughout the property
Commercial space on the 1st floor
3,743 sq. ft. basement area

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Residential Income Property

315 Burns Drive, Detroit, MI 48214

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140,000 sqft

For sale residential income property at 315 Burns Drive in Detroit, with a reported size of 140,000.

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Hotel with Tavern & Liquor License

2305 Park Avenue, Detroit, MI 48201

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A 13-story, 180-room hotel featuring the Town Pump Tavern and an accompanying liquor license.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Detroit Motel For Sale

20500 James Couzens Fwy, Detroit, MI 48235

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34,065 sqft

101-room motel on prime real estate in Detroit.

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Redevelopment Office Building Assemblage

1200 Sixth St, Detroit, MI 48226

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Redevelopment assemblage of two existing office buildings and four parking fields with skyline and river views.

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Midtown Development Opportunity

470 Martin Luther King Jr Blvd, Detroit, MI 48201

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200 sqft

Motel suitable for redevelopment into an apartment building.

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Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 7 Active listings in Farwell, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Warren Multifaceted Investment Opportunity

28710 VAN DYKE Ave, Warren, MI 48093

$2,200,000

1.00 AC lot

20-unit motel, house, restaurant, and apartment complex for sale.

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Profitable Motel Investment Opportunity

13450 dix toledo Rd, Southgate, MI 48195

$699,000

0.28 AC lot

15-unit motel with manager's apartment, high cap rate.

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Warren Investment Opportunity: Motel, Restaurant

28710 Van Dyke Ave, Warren, MI 48093

Contact for pricing

7,335 sqft 0.88 AC lot

Mixed-use property with motel, restaurant, house, and apartment.

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Comfort Suites Southgate Investment Opportunity

18950 Northline Rd, Southgate, MI 48195

Contact for pricing

46,660 sqft

Profitable hospitality property in a growing market, Southgate, Michigan.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Development Land Near I-275

Ecorse Service Road, Taylor, MI 48180

$900,000

0.62 AC lot

Prime development opportunity with high visibility and easy freeway access.

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Romulus Retail Development Opportunity

32870 Wick Road |, Romulus, MI 48174

Contact for pricing

30.00 AC lot

Highway service retail development site near Detroit Metropolitan Airport.

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Prime Corner Commercial Land Available

7125 N LILLEY Road, Canton Twp, MI 48187

$550,000

0.60 AC lot

0.60-acre vacant lot on a hard corner in Canton.

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Vacant Land on Telegraph Road

27200 TELEGRAPH, Flat Rock, MI 48134

$74,900

Commercial land with high visibility and business potential.

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Farwell, MI Hospitality Properties Market Trends and Statistics

Explore 7 hospitality properties for sale in Farwell, MI, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 228,176 square feet of properties for sale, with an estimated market value of $10,624,999.

Sale prices for hospitality properties in Farwell, MI start at $624,999, averaging $5,312,499, and reaching up to $10,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
48622	$44.7K

Neighborhood

Average Price

48622

$44.7K