Property Details for 400 Main St

Year built

1971

Lot size

4.35 lot acres

Property size

22,000 SF

Property type

Retail properties & Spaces

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