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12-Room Motel

332 E Onota, Munising, MI 49862

For Sale
$849,500

A separate two-bedroom residence currently operates as a short-term rental alongside the motel.

Property SizeContact for details
Days on Market144

Property Features for 332 E Onota

General Information

Standard status Active
Property subtype Commercial/Industrial
Zoning Commercial

Units

Unit Mix 1 x 2-bedroom home
Multifamily Units 1

Amenities

Deck/Patio
Fenced Yard
Fence Owned

Building Details

Year Built 1947
Listing Agency: Re/Max Superiorland
Listed By: Vicki Tannehill · License MI #6501450741
Source: Jabachler
Added: Jun 22 Changed: Nov 11 Last Checked: Nov 11 at 11:09PM

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 Re/Max Superiorland

Rey
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Investment Insights

Based on property information with market context.

This Munising hospitality property includes a 12-room motel and a separate two-bedroom residence used for short-term stays. The property was built in 1947 and is zoned Commercial. The residence offers a distinct accommodation component alongside the motel operation.

Located in Munising, the property is near Lake Superior, Pictured Rocks National Lakeshore, and ORV and snowmobile trails. The surrounding area supports outdoor recreation throughout the year.

Key Highlights

  • 12 guest rooms in the motel
  • Separate two‑bedroom home currently used as a short‑term rental
  • Built in 1947

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Motels

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Hair Salon (Bike/Boat/Book/etc) Store Pharmacy Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

376
Businesses Nearby
Well-served
Demand for This Use

Demographics for 49862, MI

4,602
Population
2,462
Households
1.9
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
170.0 sq mi
ZIP Area
27
Density / Sq Mi
$59,575
Median Household Income
$36,643
Median Earnings
$718
Median Rent
$150,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Similar Off Market Nearby

  • Terrace Motel — 420 Prospect St, Munising, MI 49862
  • Superior Motel & Suites — 500 M-28, Munising, MI 49862
  • Pictured Rocks Inn & Suites — 420 M-28, Munising, MI 49862
  • Scotty's Motel — 415 Cedar St, Munising, MI 49862
  • Munising Motel — 332 E Onota St, Munising, MI 49862

Frequently Asked Questions

What type of property is this?
Motel - A separate two-bedroom residence currently operates as a short-term rental alongside the motel.
Where is this motel located?
The property is located at 332 E Onota Munising, MI.
What is the asking price?
The asking price for this property is $849,500.
What are key features of this property?
This property features: 12 guest rooms in the motel; Separate two‑bedroom home currently used as a short‑term rental; Built in 1947
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