Turn-Key Motel with Owner's
1800 Ashmun Street Sault Sainte Marie, MI 49783
For Sale
$995,000
Turn-key 18-unit motel with electric baseboard heat and individual AC, plus an owner’s quarters on a corner lot.
Days on Market36
Property Features for 1800 Ashmun Street
General Information
Standard status
Active
Property subtype
Business Opportunity
Building Details
Year Built
1950
Listing Agency:
Coldwell Banker Schmidt Traverse City
(231) 922-2350
Listed By:
Sue Louiselle · License #6506046029
Source:
Carolbollo
Added: Jun 24
Changed: Jul 22
Last Checked: Jul 29 at 12:12PM
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.
Turn-key 18-unit motel investment with an owner’s quarters, operating on month-to-month tenancy. The property includes electric baseboard heat and individual AC units in every guest room. Several guest units have been updated with new flooring and paint, and a brand-new roof was installed in 2026. A customizable manager/owner quarters space is ready to be completed to the buyer’s specifications, with a city-approved floor plan included with the sale (print available upon request).
The motel sits on a 0.40-acre corner lot along a high-visibility corridor and fronts I-75 Business Loop, with nearby proximity described as minutes from the Soo Locks, Kewadin Casino, and Lake Superior State University.
In the seller’s remarks, the property is presented as a high-occupancy, cash-flowing asset with a stated 10.5% cap rate at 100% occupancy. Financials are available upon request.
The motel sits on a 0.40-acre corner lot along a high-visibility corridor and fronts I-75 Business Loop, with nearby proximity described as minutes from the Soo Locks, Kewadin Casino, and Lake Superior State University.
In the seller’s remarks, the property is presented as a high-occupancy, cash-flowing asset with a stated 10.5% cap rate at 100% occupancy. Financials are available upon request.
Key Highlights
- 18‑unit motel property with an owner's quarters; month‑to‑month tenancy
- Electric baseboard heat with individual AC units in every room
- Brand new roof installed in 2026
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- The Guest House - — 2049 Ashmun St, Sault Ste. Marie, MI 49783
- Laker Inn Motel — 1712 Ashmun St, Sault Ste. Marie, MI 49783
- Lawson Motel — 2049 Ashmun St, Sault Ste. Marie, MI 49783
- Royal Motel — 1707 Ashmun St, Sault Ste. Marie, MI 49783
- Skyline Motel — 2601 I-75 Business Spur, Sault Ste. Marie, MI 49783
Frequently Asked Questions
What type of property is this?
Motel - Turn-key 18-unit motel with electric baseboard heat and individual AC, plus an owner’s quarters on a corner lot.
Where is this motel located?
The property is located at 1800 Ashmun Street 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‑unit motel property with an owner's quarters; month‑to‑month tenancy; Electric baseboard heat with individual AC units in every room; Brand new roof installed in 2026
