400 Main St White Pine, MI 49971

Property Details for 400 Main St

Year built

1971

Lot size

4.35 lot acres

Property size

22,000 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

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.

Location Insight

City

White Pine

County

Ontonagon

State

Michigan

Longitude

-89.5762

Latitude

46.751