Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    4404 I 75 Business Spur Sault Ste. Marie, MI 49783

    Sponsored
    For Sale
    $7,980,000

    85-unit hotel, prime location, strong revenue.

    Property size:
    61,662 SF

    Description

    Added:
    Jan 28, 2025
    Days on Market:
    348
    This exceptional 85-unit Comfort Inn presents a compelling investment opportunity in Sault Ste. Marie, Michigan. Strategically located near Interstate 75, this two-story hotel enjoys convenient access for travelers exploring the region's natural beauty and cultural attractions. The property boasts a strong performance history, with 2023 room revenue reaching $2,230,449 and October 2024 trailing twelve-month (TTM) revenue at $2,386,552. This translates to an attractive price-to-revenue multiple of 3.3x TTM revenue. Sault Ste. Marie's diverse economy, fueled by tourism, shipping, manufacturing, and education, provides a stable foundation for consistent occupancy. Furthermore, the ongoing $3.2 billion Soo Lock construction project, expected to create over 1,000 jobs by 2030, promises further economic growth and increased tourism in the area. The hotel sits on a 4-acre lot and offers a total building size of 61,662 square feet. This well-positioned asset offers significant potential for continued growth and strong returns, making it an ideal addition to any hospitality portfolio. The property is priced at $7,980,000.

    Property Features for 4404 I 75 Business Spur

    General Information

    Property type
    Hotels
    Square Feet
    61,662 SF
    Price / Square Foot
    $129
    Elevators
    N/A
    Lot Size
    174,240 SF

    Building Details

    Year Built
    1987
    Buildings
    1
    Stories
    2
    Units
    85

    HighLights

    • 85‑unit Comfort Inn in Sault Ste. Marie, MI.
    • Prime I‑75 location, attracting travelers.
    • Strong revenue stream; 2024 TTM revenue exceeded $2.3M.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sault Ste. Marie
    State
    Michigan
    Longitude
    -122.661139
    Latitude
    45.531877

    Nearby Comparable

    • $6,950,000
      47,700 SF

      Days Inn & Suites: Arlington Heights

      121-unit hotel, prime location, strong ROI.
      1415 West Dundee Road, Arlington Heights, IL 60004
      View Details
    • $8,250,000
      38,693 SF

      Downtown Portland Hotel - 80 Rooms

      Portland hotel, 80 rooms, prime location.
      431 NE Multnomah St, Portland, OR 97232
      View Details
    • $8,200,000
      46,762 SF

      Tucson Hotel Investment Opportunity

      Prime Tucson hotel, great ROI potential.
      750 West Starr Pass Blvd., Tucson, AZ 85743
      View Details
    • $7,495,000
      19,716 SF

      Days Inn Fresno: Prime Investment

      58-room hotel, extensively renovated, high NOI.
      6090 N Blackstone Ave, Fresno, CA 93710
      View Details
    • Contact for pricing

      Creative Office Space with Skylights

      Creative office space with high ceilings and excellent transit options.
      1621 NE 2Nd Ave, Portland, OR 97210
      View Details
    • $185,000

      Lloyd District Ground-Floor Condo

      Conveniently located south-facing studio with updated appliances and classic features.
      1509 NE 10Th Ave, Portland, OR 97232
      View Details
    • $2,350,000
      2,215 SF

      Lloyd District Owner-User Opportunity

      Portland Creative Office, $2.35M
      35 Weidler St, Portland, OR 97232
      View Details
    • $1,090,000
      2,883 SF

      Northeast Portland Six-Plex Opportunity

      Six-unit multifamily property in the heart of Northeast Portland.
      1805 NE 8Th Ave, Portland, OR 97212
      View Details
    • $2,100,000
      4,778 SF

      Office Building with Private Parking

      Class B office building in prime location with parking.
      425 NE Hancock St, Portland, OR 97212
      View Details
    • Contact for pricing
      138,520 SF

      Portland Warehouse Space Available

      138,520 SF warehouse space in Portland, Oregon.
      900 N Thunderbird Way, Portland, OR 97227
      View Details
    • $3,395,000
      4,500 SF

      Portland Office Building For Sale

      Office building with 4,500 square feet of space.
      1825 N Williams Ave, Portland, OR 97227
      View Details
    • $1,050,000
      9,000 SF

      NE Portland Development Opportunity

      9,000 SF development lot in a central location.
      233 NE Grand Ave, Portland, OR 97232
      View Details

    Nearby Similar for Sale

    • $750,000
      9,680 SF

      Sault Ste. Marie Industrial Complex

      Three-building industrial complex, 9,680 sq ft
      629 Spruce St, Sault Ste. Marie, MI 49783
      View Details
    • $1,995,000
      33,250 SF

      Big Lots Net Lease Investment

      Michigan Retail Property, Strong NOI
      3396 I-75 Business Spur, Sault Ste. Marie, MI 49783
      View Details

    FAQs

    What type of property is this?
    Hotel - 85-unit hotel, prime location, strong revenue.
    Where is this hotel located?
    The property is located at 4404 I 75 Business Spur Sault Ste. 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-unit Comfort Inn in Sault Ste. Marie, MI.; Prime I-75 location, attracting travelers.; Strong revenue stream; 2024 TTM revenue exceeded $2.3M.
    (805) 557-8857
    Request Owner's contact information
    4404 I 75 Business Spur Sault Ste. Marie, MI 49783
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4404 I 75 Business Spur
    Sault Ste. Marie, MI 49783
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4404 I 75 Business Spur Sault Ste. Marie, MI 49783
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.