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415 Cedar St Munising, MI 49862

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For Sale
$799,000

Established Upper Peninsula Motel, 12 Units

Property size:
5,635 SF

Property Features for 415 Cedar St

General Information

Property type
Investment properties
Square Feet
5,635 SF
Lot Size
52,272 SF

Building Details

Year Built
1948

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Listing Contact
Amy Schieding
Amy Schieding

Listing Agency: RE/MAX SUPERIORLAND Listing Agent: Amy Schieding

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This well-established Munising, MI motel presents a unique business opportunity in a thriving tourist destination. The property boasts 12 units, a manager's residence with two bedrooms and two bathrooms, a spacious living room, updated kitchen, office area, utility rooms, and ample storage. Recent renovations include exterior paint, awnings, chimneys, roof, and the addition of a cedar sauna with tile flooring. Further improvements encompass two new water heaters, picnic tables, a pollinator garden, a fire pit, upgraded office flooring, and new refrigerators and microwaves in most rooms. The grounds feature cherry and pear trees, enhancing the property's charm. A small laundry room and office area are also included. The sale includes the business, furnishings, fixtures, and equipment (excluding Coke collectibles). Ample parking is available for guests, with additional space for trailers on a vacant lot included in the sale. A second vacant lot, located half a block north, is also part of this offering. The motel enjoys a prime location on a main thoroughfare, within walking distance of amenities and the popular Pictured Rocks National Lakeshore, which attracted over 910,000 visitors in 2023. The property benefits from a strong reputation, evidenced by positive online reviews and a loyal customer base. This turnkey operation offers immediate income potential in a region renowned for its natural beauty and recreational activities, including Lake Superior, waterfalls, beaches, hiking, biking, ATV trails, cross-country skiing, and snowmobiling. The total square footage is 5,635 square feet on a 1.2-acre lot. The asking price is $799,000.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Investment properties

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Munising
County
Alger
State
Michigan
Longitude
-86.65277
Latitude
46.40674

FAQs

What type of property is this?
Investment property - Established Upper Peninsula Motel, 12 Units
Where is this investment property located?
The property is located at 415 Cedar St Munising, MI.
What is the asking price?
The asking price for this property is $799,000.
More about this property
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