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    1602 Ashmun St Sault Sainte Marie, MI 49783

    Sponsored
    For Sale
    $1,250,000

    Business - Sault Ste Marie, MI

    Type:Business
    Property size:
    9,959 SF
    Days on Market:
    256
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 1602 Ashmun St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Security features
    Fire Alarm, Security System
    Zoning
    B3
    APN
    051-037-018-00
    Parking features
    Parking Lot
    Pool private
    1
    Interior features
    Fire Alarm, Furnished, Laundry Area, Living Quarters, Security System, Smoke Detectors
    Exterior features
    Pool
    Size
    9,959 SF

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Wall Unit(s)

    Building Details

    Number of units
    21
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Other

    Five Water Realty

    Listing agent Shelly Morley (906) 226-7300 License #6505431232

    Listing date Apr 25, 2025

    MLS# 25-242 Listing URL

    Copyright © 2025 Eastern Upper Peninsula Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Boutique Motel Business Opportunity

    This is an exceptional investment opportunity located in Sault Ste. Marie. The Ash is a renovated 1950s roadside motel that has been transformed into a thriving boutique vacation rental business. The property size is 9959 square feet. With a well-established brand, consistent income, and detailed financials, this turn-key property offers investors a chance to acquire a revenue-generating asset. There is significant potential for expansion. The Ash is suitable for those looking to invest in a business with immediate returns and long-term growth potential. The zoning is B3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Inn Sault Ste Marie, Super 8 by Wyndham Sault Ste. Marie, Hampton Inn Sault Ste Marie, Skyline Motel

    Location Insight

    • Map
    • Local Demand
    City
    Sault Sainte Marie
    County
    Chippewa
    State
    Michigan
    Longitude
    -84.353684
    Latitude
    46.485292

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    FAQs

    What type of property is this?
    Motel - Turn-key, renovated motel business with income and growth potential.
    Where is this motel located?
    The property is located at 1602 Ashmun St Sault Sainte Marie, MI.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Turn-key, revenue-generating boutique vacation rental business with established brand and consistent income.; - Detailed financials available to verify success and potential returns.; - Significant potential for expansion and long-term growth.
    (906) 226-7300
    Request Owner's contact information
    1602 Ashmun St Sault Sainte Marie, MI 49783
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1602 Ashmun St Sault Sainte Marie, MI 49783
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