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4404 I 75 Business Spur Sault Sainte Marie, MI 49783

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For Sale
$7,980,000

Comfort Inn located in Sault Sainte Marie, MI

Property size:
61,662 SF
Lot size:
4.00 Acres
Added:
Jan 28, 2025
Days on Market:
434
Last Refresh:
Mar 16 at 9:06 am

Property Features for 4404 I 75 Business Spur

General Information

Standard status
Active
Property type
Hotels, Other hospitality properties, Other residential income properties, Hospitality properties, Residential income properties
Size
61,662 SF
Elevators
N/A
Lot size
4.00 Acres

Building Details

Year Built
1987
Buildings
1
Stories
2
Units
85

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Listing Contact
Andrew Post

Listing agent Andrew

Listing office

Listing date Jan 28, 2025


Overview

Comfort Inn: Strong Revenue Potential

This 85-unit Comfort Inn is located in Sault Ste. Marie, Michigan, near Interstate 75. The two-story hotel sits on a 4-acre lot and has a building size of 61,662 square feet. The property has a strong performance history, with 2023 room revenue reaching $2,230,449 and October 2024 trailing twelve-month (TTM) revenue at $2,386,552. Sault Ste. Marie's economy is supported by tourism, shipping, manufacturing, and education. The ongoing $3.2 billion Soo Lock construction project, expected to create over 1,000 jobs by 2030, may further contribute to economic growth and increased tourism in the area. The property is priced at $7,980,000.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Hotels

Suggested Use

Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

Location Insight

  • Map
  • Local Demand
City
Sault Sainte Marie
County
Chippewa
State
Michigan
Longitude
-84.3293
Latitude
46.3629

FAQs

What type of property is this?
Hotel - Comfort Inn located in Sault Sainte Marie, MI
Where is this hotel located?
The property is located at 4404 I 75 Business Spur Sault Sainte Marie, MI.
What is the asking price?
The asking price for this property is $7,980,000.
What are key features of this property?
This property features: 85 units, 2 stories; 2023 room revenue: $2,230,449; October 2024 TTM revenue: $2,386,552
More about this property
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