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    57440 M-40 Marcellus, MI 49067

    Sponsored
    For Sale
    $750,000

    Profitable Michigan Hotel with Expansion Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6-building hospitality investment opportunity in Marcellus, Michigan, presents a unique chance to acquire a thriving hotel with significant upside. The 10-acre property, zoned commercial, currently features 5 cabins operating as nightly rentals, boasting 5 keys and 5 beds. Built in 2020, the property offers a 6.23% cap rate and a substantial $46,734 NOI. However, with a pro-forma cap rate of 20.85% and a pro-forma NOI of $156,403, the potential for increased profitability is undeniable. The property's current low occupancy is primarily due to limited marketing efforts, presenting a clear path to significant revenue growth. Permitted zoning allows for the addition of 5 more cabins, further enhancing the investment's potential. Existing agreements with nearby venues offer opportunities to increase occupancy and revenue. The property's proximity to public hunting lands also presents an untapped market for seasonal rentals. This turnkey operation, priced at $750,000 ($150,000 per key), is an ideal owner-user investment with substantial value-add potential. The property's location at 57440 M-40, Marcellus, MI 49067, provides easy access to local attractions and amenities. This is a rare opportunity to acquire a well-established hotel with the potential to significantly increase profitability through strategic marketing and expansion.

    Property Features for 57440 M-40

    General Information

    Property type
    Hotels
    Lot Size
    435,600 SF

    Building Details

    Year Built
    2020
    Buildings
    6

    HighLights

    • Exceptional 6‑building hospitality investment opportunity in Marcellus, MI.
    • 10‑acre commercially zoned property with 5 existing cabins (5 keys, 5 beds), built in 2020.
    • Currently generates $46,734 NOI with a 6.23% cap rate; pro‑forma NOI of $156,403 and a 20.85% cap rate.
    • Zoning allows for the addition of 5 more cabins.
    • Turnkey operation priced at $750,000 ($150,000 per key), offering significant value‑add potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Marcellus
    County
    Cass
    State
    Michigan
    Longitude
    -85.7999103
    Latitude
    41.9569081

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    FAQs

    What type of property is this?
    Hotel - Profitable Michigan Hotel with Expansion Potential
    Where is this hotel located?
    The property is located at 57440 M-40 Marcellus, 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: Exceptional 6-building hospitality investment opportunity in Marcellus, MI.; 10-acre commercially zoned property with 5 existing cabins (5 keys, 5 beds), built in 2020.; Currently generates $46,734 NOI with a 6.23% cap rate; pro-forma NOI of $156,403 and a 20.85% cap rate.
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    Marcellus, MI 49067
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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
    57440 M-40 Marcellus, MI 49067
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