Building Details

Year built 1990

Listing Agency: NextHome Superior Living Show Phone

Listed By: Candi Kjellin · License #6501352707,PersonLicenseNumber Show Phone

Added: Aug 27 Changed: Aug 31 Last Checked: Oct 6 at 2:06PM

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MLS# 50195018

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 7,263-square-foot hotel was built in 1990 and includes guest rooms furnished with updated beds, mattresses, carpeting, artwork, mini refrigerators, microwaves, and 40-inch smart TVs. One room is configured as a kitchenette suite for extended-stay use. Interior corridors feature aviation-related local photography and a patriotic color scheme.

The 2.87-acre property provides direct access to ATV, ORV, and snowmobile trails. Outdoor amenities include an 820-square-foot patio with a fire pit and gas grill, a sauna, a children’s play area, and a fenced pet area. The property is approximately 10 minutes from the airport and 20 minutes from Marquette.

Key Highlights

• 7,263‑square‑foot hotel on 2.87 acres
• Guest rooms include new 40" smart TVs, furniture, mini refrigerators, microwaves, bedding, mattresses, carpeting, and artwork
• One room includes a kitchenette suite for extended stays

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,812

Cap Rate

5.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$776,240 $776.2K

Cap Rate 7%

$554,457 $554.5K

Cap Rate 9%

$431,244 $431.2K

Market Conditions

NOI Build-Up for 7,263 SF

Gross rent

$108.9K $15.00/SF

− Vacancy

−$27.2K −$3.75/SF

EGI

$81.7K $11.25/SF

− OpEx

−$42.9K −$5.91/SF

NOI

$38.8K $5.34/SF

Area

Marquette County, MI

Vacancy

25.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$776,240

Cap Rate 7%

$554,457

Cap Rate 9%

$431,244

Alternative Uses

Best Use

Hotel Hospitality

$554.5K

$485.2K – $646.9K (±1% cap)

NOI $38,812 @ 7.0% cap · market cap 5.32%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.14M

$1.87M – $2.50M (±1% cap)

NOI $149,734 @ 7.0% cap · market cap 20.51%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Hotels

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

90

Businesses Nearby

Explore this area Business Placement

Demographics for 49841, MI

7,193

Population

3,847

Households

1.9

Avg Household Size

41

Median Age

24%

College-Educated

96%

High-School Grad

227.6 sq mi

ZIP Area

32

Density / Sq Mi

$61,337

Median Household Income

$34,437

Median Earnings

$731

Median Rent

$150,000

Median Home Value

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Frequently Asked Questions

What type of property is this?

Hotel - Guest rooms include refreshed furnishings, in-room conveniences, and one kitchenette suite for extended stays.

Where is this hotel located?

The property is located at 190 East M - 35 Highway Gwinn, MI.

What is the asking price?

The asking price for this property is $730,000.

What are key features of this property?

This property features: 7,263‑square‑foot hotel on 2.87 acres; Guest rooms include new 40" smart TVs, furniture, mini refrigerators, microwaves, bedding, mattresses, carpeting, and artwork; One room includes a kitchenette suite for extended stays