Listing Agency: FIRST WEBER, INC

Listed By: TAMMY KAURANEN · License #6506047069 Show Phone

Source: Exprealty

Added: Jul 15, 2024 Changed: Sep 8 Last Checked: Sep 9 at 9:17AM

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Investment Insights

Based on property information with market context.

This property features a motel, restaurant/bar, bowling alley, convenience store, and gas station in a tourist area near the Porcupine Mountains and Lake Superior. The restaurant/bar can seat over 200 people and functions as a conference center used by local businesses for events, meetings, classes, testing, and seminars. The kitchen is equipped for chefs, with a separate dishwashing area and accessible storage. The convenience store offers merchandise for everyday needs and camping supplies. The gas station serves locals and tourists, being the only one within a 12-19 mile radius. The automated 8-lane bowling alley includes arcade games and 2 pool tables. The motel has 16 rooms, each with 2 queen beds, a mini-fridge, and cable TV, plus a shared laundry area. The business has been maintained with updates since 2015 and has a reputation for service.

Key Highlights

• Diverse income streams: Motel, restaurant/bar, bowling alley, convenience store, and gas station all in one location.
• Prime tourist location near the Porcupine Mountains and Lake Superior.
• High‑capacity restaurant/bar seating over 200, perfect for various events.

Property Analytics

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Current Use

Motels

Location Intelligence

Demographics for 49971, MI

339

Population

351

Households

1

Avg Household Size

58

Median Age

17%

College-Educated

94%

High-School Grad

23.3 sq mi

ZIP Area

15

Density / Sq Mi

$39,792

Median Household Income

$25,000

Median Earnings

$59,700

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Similar Off Market Nearby

• Konteka — 400 Main St, White Pine, MI 49971

Frequently Asked Questions

What type of property is this?

Motel - Popular motel, restaurant, bowling alley, gas station near Porcupine Mountains.

Where is this motel located?

The property is located at 400 Main Street White Pine, MI.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Diverse income streams: Motel, restaurant/bar, bowling alley, convenience store, and gas station all in one location.; Prime tourist location near the Porcupine Mountains and Lake Superior.; High‑capacity restaurant/bar seating over 200, perfect for various events.