57440 M-40 Marcellus, MI 49067
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Profitable Michigan Hotel with Expansion Potential
Property Features for 57440 M-40
General Information
- Property type
- Hotels
- Lot Size
- 435,600 SF
Building Details
- Year Built
- 2020
- Buildings
- 6
Listing Agency: Real Broker, LLC Listing Agent: Matthew Miller
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 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.