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    128 Pine St Cadillac, MI 49601

    Sponsored
    For Sale
    $749,900

    Luxury Hotel, Downtown Cadillac, MI

    Property size:
    3,734 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3,734 sq ft Craftsman-style hotel, built in 1905 and extensively renovated in 2023, presents a unique investment opportunity. Located just one block from downtown Cadillac and two blocks from Lake Cadillac, this property boasts two buildings, three stories, and five bedrooms. The exterior features a heated saltwater pool, a large hot tub, extensive patio areas, lush landscaping with an irrigation system, LED-lit palm trees, and natural gas tiki torches. Inside, the meticulously renovated interior retains original details like stained glass windows and vintage tiles, while incorporating modern amenities. A gourmet kitchen with a commercial stove and hood, a formal living room with a granite fireplace, and custom bathrooms on each floor offer luxurious comfort. Three additional bedrooms are located on the second floor, along with a paneled library and private balcony overlooking downtown and the lake. The lower level includes a three-car heated and finished garage, a mudroom with two washers and two dryers, and a hidden speakeasy, theater, and game room. The property sits on a 0.23-acre lot with five parking spaces and is zoned for mixed use. This turnkey operation is offered at $749,900 ($200.83/sq ft) and presents a rare blend of historical charm and modern luxury in a prime location. The property's unique features and prime location make it ideal for a variety of uses, including a high-end Airbnb or boutique hotel.

    Property Features for 128 Pine St

    General Information

    Property type
    Hotels
    Square Feet
    3,734 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built/Renovated
    1905/2023
    Buildings
    2
    Stories
    3

    HighLights

    • Exceptional 3,734 sq ft Craftsman‑style hotel, extensively renovated in 2023.
    • Prime downtown Cadillac location, one block from downtown and two blocks from Lake Cadillac.
    • Two buildings, three stories, five bedrooms, and a 0.23‑acre lot with five parking spaces.
    • Features include a heated saltwater pool, hot tub, extensive patios, and lush landscaping.
    • Gourmet kitchen with commercial stove, formal living room with granite fireplace, and custom bathrooms on each floor.
    • Lower level includes a three‑car heated garage, mudroom with laundry, speakeasy, theater, and game room.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cadillac
    County
    Wexford
    State
    Michigan
    Longitude
    -85.3994829
    Latitude
    44.2524641

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    FAQs

    What type of property is this?
    Hotel - Luxury Hotel, Downtown Cadillac, MI
    Where is this hotel located?
    The property is located at 128 Pine St Cadillac, MI.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: Exceptional 3,734 sq ft Craftsman-style hotel, extensively renovated in 2023.; Prime downtown Cadillac location, one block from downtown and two blocks from Lake Cadillac.; Two buildings, three stories, five bedrooms, and a 0.23-acre lot with five parking spaces.
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    128 Pine St Cadillac, MI 49601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    128 Pine St Cadillac, MI 49601
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