18-Unit Motel with Owner’s
For Sale
$995,000
1800 Ashmun St, Sault Sainte Marie, MI 49783
Operating motel with month-to-month tenants and an unfinished owner’s residence supported by a city-approved floor plan.
Property Size4,528 SF
Lot Size0.40 Acres
Price / SF$219.74
Days on Market154
Property Features for 1800 Ashmun St
General Information
Standard status
Active
Size
4,528 SF
Lot size
0.40 Acres
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
10.5%
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Coldwell Banker Schmidt Traverse City
Listed By:
Sue Louiselle · License #6506046029
(231) 835-1555
Source:
Metrodetroithomeguide
Added: May 11
Changed: Oct 10
Last Checked: Oct 10 at 2:23AM
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 Coldwell Banker Schmidt Traverse City
Investment Insights
Based on property information with market context.
This 18-unit motel includes 4,528 square feet of building area on a 0.40-acre corner parcel. The property was built in 1950 and includes owner’s quarters that remain unfinished; a city-approved floor plan is included. Guest rooms have electric baseboard heat and individual air-conditioning units. Several rooms have received new flooring and paint, and the water heater is new. The motel is currently occupied under month-to-month tenancies, with 100% occupancy reported.
The property fronts the I-75 Business Loop in Sault Ste. Marie. The Soo Locks, Kewadin Casino, and Lake Superior State University are identified as nearby destinations. The New Lock at the Soo construction project is scheduled to continue through 2030.
The property fronts the I-75 Business Loop in Sault Ste. Marie. The Soo Locks, Kewadin Casino, and Lake Superior State University are identified as nearby destinations. The New Lock at the Soo construction project is scheduled to continue through 2030.
Key Highlights
- 18 motel units plus unfinished owner’s quarters
- 4,528 square feet on a 0.40‑acre corner parcel
- 100% occupancy reported; current tenancies are month to month
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49783, MI
18,690
Population
9,388
Households
2
Avg Household Size
39
Median Age
24%
College-Educated
94%
High-School Grad
148.7 sq mi
ZIP Area
126
Density / Sq Mi
$59,847
Median Household Income
$31,334
Median Earnings
$782
Median Rent
$146,400
Median Home Value
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Similar Off Market Nearby
- Skyline Motel — 2601 I-75 Business Spur, Sault Ste. Marie, MI 49783
- The Guest House - — 2049 Ashmun St, Sault Ste. Marie, MI 49783
- Lawson Motel — 2049 Ashmun St, Sault Ste. Marie, MI 49783
- Laker Inn Motel — 1712 Ashmun St, Sault Ste. Marie, MI 49783
- Royal Motel — 1707 Ashmun St, Sault Ste. Marie, MI 49783
Frequently Asked Questions
What type of property is this?
Motel - Operating motel with month-to-month tenants and an unfinished owner’s residence supported by a city-approved floor plan.
Where is this motel located?
The property is located at 1800 Ashmun St Sault Sainte Marie, MI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 18 motel units plus unfinished owner’s quarters; 4,528 square feet on a 0.40‑acre corner parcel; 100% occupancy reported; current tenancies are month to month
