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    23879 Co Rd, Unit 407 Newberry, MI 49868

    Pending
    For Sale
    $329,000

    Business - Newberry, MI

    Type:Business
    Property size:
    3,600 SF
    Days on Market:
    21
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 23879 Co Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Pending
    Zoning
    Commercial
    Rooms
    Basement, Sauna
    APN
    003-009-008-0620
    Parking features
    Parking Lot
    Interior features
    Furnished, Laundry Area, Sauna/Steam, Smoke Detectors, Storage, Window Coverings
    Exterior features
    Highway Access, High Visibility, High Traffic Location
    Basement Y/N
    1
    Size
    3,600 SF

    Utilities

    Heating system
    Hot Water (Heating), Propane (Heating)

    Building Details

    Number of units
    8
    Roof type
    Shingle
    Architectural style
    Other

    Key Realty One

    Listing agent Jeff Jarvis License #6501430252

    Listing date Nov 15, 2025

    MLS# 25-753 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

    Turn-Key Motel in Pine Stump

    This is an 8-unit, fully furnished motel situated on five acres in the heart of Michigan's Upper Peninsula. The property includes an additional 40'X44' pole building, offering ample space to expand the current motel or add new business ventures. Located at the intersection of county road 407 and 414, this property is in a prime location for outdoor enthusiasts. This turn-key motel is located in historic Pine Stump Junction and is a gateway to adventure. The property presents a fantastic business opportunity. The buyer will have the first right of refusal to purchase the residence and an additional five acres adjoining this property. The property size is 3,600 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    Newberry
    County
    Luce
    State
    Michigan
    Longitude
    -85.4887
    Latitude
    46.496

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    FAQs

    What type of property is this?
    Motel - Fully furnished 8-unit motel on 5 acres in Newberry, MI.
    Where is this motel located?
    The property is located at 23879 Co Rd, Unit 407 Newberry, MI.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: - Turn-key, fully furnished 8-unit motel ready for new ownership.; - Prime location at the intersection of county roads 407 and 414, ideal for outdoor enthusiasts.; - Situated on five acres with a 40'x44' pole building, offering ample space for expansion or new business ventures.
    (906) 464-0123
    Request Owner's contact information
    23879 Co Rd, Unit 407 Newberry, MI 49868
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    Newberry, MI 49868
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    23879 Co Rd, Unit 407 Newberry, MI 49868
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