Turnkey Hospitality
Gwinn, MI 49841 Gwinn, MI 49841
New
Gwinn, MI, 49841
$750,000
For Sale
$750,000
COMMERCIAL - Gwinn, MI
Property Size7,263 SF
Lot Size2.87 Acres
Price / SF$103.26
Days on Market6
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 7,263 SF
- Lot size
- 2.87 Acres
Building Details
- Year built
- 1990
Listing agency
NextHome Superior Living
(906) 250-2874
Listed by
Candi Kjellin · License #6501352707,PersonLicenseNumber
(906) 361-1414
Added: Jul 16 Updated: Jul 20 at 4:00PM Checked: Jul 21 at 2:06PM
MLS# 50195018
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey hospitality property offers updated guest accommodations throughout, including new 40" smart TVs, furniture, mini refrigerators, microwaves, bedding, mattresses, and carpeting. Interior hallways are themed with local artwork, and one room includes a kitchenette suite for extended-stay use. The outdoor amenities include a sauna, an 820 sq ft outdoor patio with a fire pit and gas grill, plus a fenced area for pets and an outdoor kids’ play area.
The property is located in Gwinn, MI, with convenient proximity to the airport and Marquette, and direct access to ATV/ORV and snowmobile trails for year-round outdoor recreation.
Additional outdoor features include a front exterior flower bed. Financial details are available upon request with a signed confidentiality agreement and a pre-approval letter indicating financing qualification.
The property is located in Gwinn, MI, with convenient proximity to the airport and Marquette, and direct access to ATV/ORV and snowmobile trails for year-round outdoor recreation.
Additional outdoor features include a front exterior flower bed. Financial details are available upon request with a signed confidentiality agreement and a pre-approval letter indicating financing qualification.
Key Highlights
- Year built: 1990
- Updated rooms include 40" smart TVs, furniture, mini refrigerators, microwaves, bedding, mattresses, and carpeting
- One room features a kitchenette suite for extended stays
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.9k | $15.00 |
| − Vacancy | −$27.2k | −$3.75 |
| EGI | $81.7k | $11.25 |
| − OpEx | −$42.9k | −$5.91 |
| NOI | $38.8k | $5.34 |
7,263 SF · lease $15.00/SF/yr · vacancy 25.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$554.5K
$485.2K – $646.9K
NOI $38,812 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,734 @ 7.0% cap · market cap 19.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hotels
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FAQs
What type of property is this?
Hotel - Hospitality building on 2.87 acres with updated guest rooms and an outdoor patio with fire pit and grill.
Where is this hotel located?
The property is located at Gwinn, 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: Year built: 1990; Updated rooms include 40" smart TVs, furniture, mini refrigerators, microwaves, bedding, mattresses, and carpeting; One room features a kitchenette suite for extended stays
