Motel with Outdoor
For Sale
$730,000
190 E M - 35 Highway, Gwinn, MI 49841
COM/IND/BUS OPP, Gwinn, MI
Property Size7,263 SF
Lot Size2.87 Acres
Price / SF$100.51
Days on Market316
Property Features for 190 E M - 35 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Patio and Porch features
Patio
Exterior features
Deck/Patio, Garden Area
Lot features
Main Street
Subdivision
Forsyth Twp (52009)
Standard status
Active
Size
7,263 SF
Lot size
2.87 Acres
Utilities
Heating system
Oil
Water source
Public
Amenities
sauna
outdoor patio
fire pit
gas grill
outdoor kids' play area
fenced area for pets
Building Details
Year built
1990
Roof type
Shingle
Listing Agency:
NEXTHOME SUPERIOR LIVING
(906) 214-4267
Listed By:
CANDI KJELLIN · License #6501352707,PersonLicenseNumber
(906) 361-1414
Added: Nov 24, 2025
Changed: Aug 31
Last Checked: Oct 6 at 7:06AM
MLS# 50195018
Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,263-square-foot motel was built in 1990 on 2.87 acres and includes guest rooms furnished with smart televisions, mini refrigerators, microwaves, bedding, mattresses, carpeting, and artwork. One room is configured as a kitchenette suite for extended stays. The building has oil heating, a shingle roof, and public water service.
Outdoor amenities include an 820-square-foot patio with a fire pit and gas grill, a sauna, a children’s play area, a fenced pet area, and landscaped garden space. The property offers direct access to ATV, ORV, and snowmobile trails, supporting year-round recreational travel. It is approximately 10 minutes from the airport and 20 minutes from Marquette, Michigan.
Outdoor amenities include an 820-square-foot patio with a fire pit and gas grill, a sauna, a children’s play area, a fenced pet area, and landscaped garden space. The property offers direct access to ATV, ORV, and snowmobile trails, supporting year-round recreational travel. It is approximately 10 minutes from the airport and 20 minutes from Marquette, Michigan.
Key Highlights
- 7,263‑square‑foot motel on 2.87 acres
- Guest rooms include smart TVs, mini refrigerators, microwaves, updated furnishings, bedding, carpeting, and mattresses
- One kitchenette suite accommodates extended stays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,812
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,240
$776.2K
Cap Rate 7%
$554,457
$554.5K
Cap Rate 9%
$431,244
$431.2K
Market Conditions
NOI Build-Up for 7,263 SF
Gross rent
$108.9K $15.00/SF
− Vacancy
−$27.2K −$3.75/SF
EGI
$81.7K $11.25/SF
− OpEx
−$42.9K −$5.91/SF
NOI
$38.8K $5.34/SF
Area
Marquette County, MI
Vacancy
25.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,240
Cap Rate 7%
$554,457
Cap Rate 9%
$431,244
Alternative Uses
Best Use
Hotel Hospitality
$554.5K
$485.2K – $646.9K
NOI $38,812 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,734 @ 7.0% cap · market cap 20.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49841, MI
7,193
Population
3,847
Households
1.9
Avg Household Size
41
Median Age
24%
College-Educated
96%
High-School Grad
227.6 sq mi
ZIP Area
32
Density / Sq Mi
$61,337
Median Household Income
$34,437
Median Earnings
$731
Median Rent
$150,000
Median Home Value
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Similar Off Market Nearby
- Model Towne Inn — 190E M-35, Gwinn, MI 49841
Frequently Asked Questions
What type of property is this?
Motel - Updated guest rooms, a kitchenette suite, and outdoor amenities support overnight and extended-stay hospitality use.
Where is this motel located?
The property is located at 190 E M - 35 Highway Gwinn, MI.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: 7,263‑square‑foot motel on 2.87 acres; Guest rooms include smart TVs, mini refrigerators, microwaves, updated furnishings, bedding, carpeting, and mattresses; One kitchenette suite accommodates extended stays
