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400 Main St White Pine, MI 49971

Sponsored
For Sale
$1,250,000

Profitable Mixed-Use Property in Michigan

Property size:
22,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a unique, established business in White Pine, Michigan, encompassing a motel, restaurant/bar, bowling alley, convenience store, and gas station. Located on a 4.35-acre lot at 400 Main St, this 22,000 square foot, single-story building boasts 16 motel rooms, each equipped with two queen beds, a mini-fridge, and cable TV. A shared laundry area adds convenience for guests. The restaurant/bar, a community hub, comfortably seats over 200 patrons, ideal for dining, banquets, and weddings. It also serves as a conference center, hosting various local events and meetings. The well-equipped kitchen features a separate dishwashing area and ample storage. The on-site convenience store, the only one in town, caters to both locals and tourists, stocking everyday essentials and camping supplies. The property also includes an eight-lane automated bowling alley, arcade games, and two pool tables, providing entertainment options. The gas station, the only one within a 12-19 mile radius, further enhances the property's income potential. Built in 1971 and well-maintained with significant updates since 2015, this property benefits from its prime location near the Porcupine Mountains and Lake Superior, attracting a steady stream of tourists. The property has 75 parking spaces and is zoned for commercial use. The asking price is $1,250,000, with an occupancy date of November 12, 2024. This is a rare chance to acquire a thriving, multi-faceted business in a desirable tourist destination.

Property Features for 400 Main St

General Information

Property type
Motels
Square Feet
22,000 SF
Lot Size
189,486 SF

Building Details

Year Built
1971
Buildings
1
Stories
1

HighLights

  • Highly desirable Northwoods location in a rapidly growing tourist area.
  • Profitable turn‑key business offering gas, restaurant, motel (16 rooms), and bowling alley.
  • Situated on a major state highway providing easy access to Lake Superior and the Porcupine Mountains.
  • Only motel within a 15‑mile radius; closest competition is 30 miles away.
  • Sole conference center within a 50‑mile radius.
  • Convenience store/gas station; no other stores in the immediate vicinity.
Property Profile Location Intelligence

Current Use by Public Records

Motels

Map

City
White Pine
County
Ontonagon
State
Michigan
Longitude
-89.576184787447
Latitude
46.751021674628

FAQs

What type of property is this?
Motel - Profitable Mixed-Use Property in Michigan
Where is this motel located?
The property is located at 400 Main St 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: Highly desirable Northwoods location in a rapidly growing tourist area.; Profitable turn-key business offering gas, restaurant, motel (16 rooms), and bowling alley.; Situated on a major state highway providing easy access to Lake Superior and the Porcupine Mountains.
More about this property
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