Extended-Stay Motel with
For Sale
Contact for pricing
11355 Saginaw St, Mount Morris, MI 48458
10-room extended-stay motel plus two apartments, offering daily and weekly lodging operations.
Property Size2,688 SF
Price / SF$115.33
Days on Market57
Property Features for 11355 Saginaw St
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Hospitality
Financials
Cap Rate
24.5%
Business Included
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1952
Listing Agency:
The Herish Group
(586) 999-9286
Listed By:
kapil roy · License #438337
Source:
Crexi
Added: Jun 11
Changed: Jul 10
Last Checked: Jul 24 at 12:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Herish Group
Investment Insights
Based on property information with market context.
This property is a 10-room motel configured for extended-stay lodging, accompanied by two apartments. The hospitality offering totals 2,688 SF and is currently operated on a daily and weekly basis, supporting flexible occupancy patterns within a compact, purpose-built layout.
The Oberlin Motel is located at 11355 Saginaw St in Mt. Morris, Michigan. The property is presented for sale as a single hospitality asset, with its operating setup designed to serve guests looking for short-term stays rather than traditional longer-term housing.
For buyers or owner-operators seeking a turnkey motel with an integrated apartment component, this listing provides an income-focused snapshot alongside the existing operations. The provided financial information includes Gross Income of $110,000 and Net Operating Income (NOI) of $76,200, with a stated 24.5% cap rate. The current offering price is $310,000, positioning the asset as an opportunity centered on daily and weekly extended-stay management within a 10-room motel framework.
The Oberlin Motel is located at 11355 Saginaw St in Mt. Morris, Michigan. The property is presented for sale as a single hospitality asset, with its operating setup designed to serve guests looking for short-term stays rather than traditional longer-term housing.
For buyers or owner-operators seeking a turnkey motel with an integrated apartment component, this listing provides an income-focused snapshot alongside the existing operations. The provided financial information includes Gross Income of $110,000 and Net Operating Income (NOI) of $76,200, with a stated 24.5% cap rate. The current offering price is $310,000, positioning the asset as an opportunity centered on daily and weekly extended-stay management within a 10-room motel framework.
Key Highlights
- Oberlin Motel at 11355 Saginaw St, Mt. Morris, MI, built in 1952
- 10‑room extended‑stay motel offering daily and weekly lodging operations
- 2,688 SF hospitality property with Gross Income of $110,000
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $15.00 |
| − Vacancy | −$10.1k | −$3.75 |
| EGI | $30.2k | $11.25 |
| − OpEx | −$15.9k | −$5.91 |
| NOI | $14.4k | $5.34 |
2,688 SF · lease $15.00/SF/yr · vacancy 25.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$205.2K
$179.6K – $239.4K
NOI $14,364 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$565.6K
$494.9K – $659.9K
NOI $39,594 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48458, MI
19,699
Population
9,136
Households
2.2
Avg Household Size
39
Median Age
8%
College-Educated
87%
High-School Grad
35.7 sq mi
ZIP Area
552
Density / Sq Mi
$43,496
Median Household Income
$32,122
Median Earnings
$896
Median Rent
$87,100
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Oberlin Motel — 11355 Saginaw St, Mt Morris, MI 48458
Frequently Asked Questions
What type of property is this?
Motel - 10-room extended-stay motel plus two apartments, offering daily and weekly lodging operations.
Where is this motel located?
The property is located at 11355 Saginaw St Mount Morris, MI.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Oberlin Motel at 11355 Saginaw St, Mt. Morris, MI, built in 1952; 10‑room extended‑stay motel offering daily and weekly lodging operations; 2,688 SF hospitality property with Gross Income of $110,000
