Turnkey Hospitality Motel
190 E M - 35 Highway Gwinn, MI 49841
190 E M - 35 Highway, Gwinn, MI, 49841
$750,000
For Sale
$750,000
Commercial Sale, Other - Gwinn, MI
Property Size7,263 SF
Lot Size2.87 Acres
Price / SF$103.26
Days on Market236
Property Features for 190 E M - 35 Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 7,263 SF
- Lot size
- 2.87 Acres
Building Details
- Year built
- 1990
- Architectural style
- Other
Listing Agency
NextHome Superior Living
(906) 250-2874
209 Gold Street, MI
Listed by
Candi Kjellin · License #6501352707,PersonLicenseNumber
(906) 361-1414
Added: Nov 24, 2025 Checked: Jul 18 at 4:06 am
MLS# 50195018
Listing URL
Copyright © 2026 NextHome, Inc. 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 turnkey hospitality property features updated guest accommodations, with each room equipped with new 40" smart TVs, furniture, mini refrigerator, microwave, bedding, mattresses, and carpeting. The property also includes a room with a kitchenette suite for extended stays. Outdoor amenities include a sauna, an approximately 820 sq. ft. patio with a fire pit and gas grill, plus an outdoor kids’ play area and a fenced area for pets.
The property is located in Gwinn, MI, with direct access to ATV/ORV and snowmobile trails for year-round outdoor activity. The site is described as being convenient to the airport and approximately 20 minutes from Marquette, and it is accessed via 190 E M-35 Highway.
Set on approximately 2.87 acres with a total property size listed at approximately 7,263 sq. ft., this offering is presented as ready for a new owner, with financials available upon request under a signed confidentiality agreement and a pre-approval letter.
The property is located in Gwinn, MI, with direct access to ATV/ORV and snowmobile trails for year-round outdoor activity. The site is described as being convenient to the airport and approximately 20 minutes from Marquette, and it is accessed via 190 E M-35 Highway.
Set on approximately 2.87 acres with a total property size listed at approximately 7,263 sq. ft., this offering is presented as ready for a new owner, with financials available upon request under a signed confidentiality agreement and a pre-approval letter.
Key Highlights
- Year built 1990 hospitality property with interior updates including new 40 in smart TVs in each room
- Each room includes a mini refrigerator and microwave, plus updated bedding, mattresses, carpeting, and local artwork
- One room features a kitchenette suite for extended stays
Local 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 | $108.9k | $15.00 |
| − Vacancy | −$27.2k | −$3.75 |
| EGI | $81.7k | $11.25 |
| − OpEx | −$42.9k | −$5.91 |
| NOI | $38.8k | $5.34 |
7,263 SF · lease $15.00/SF/yr · vacancy 25.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$554.5K
$485.2K – $646.9K
NOI $38,812 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,734 @ 7.0% cap · market cap 19.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Hotel - Single motel property with updated guest rooms and an outdoor patio featuring a fire pit and gas grill.
Where is this hotel 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 $750,000.
What are key features of this property?
This property features: Year built 1990 hospitality property with interior updates including new 40 in smart TVs in each room; Each room includes a mini refrigerator and microwave, plus updated bedding, mattresses, carpeting, and local artwork; One room features a kitchenette suite for extended stays
