900 United Spanish War Veterans Mem Hwy, St. Ignace, MI 49781
This established motel in St. Ignace, Michigan, presents a unique investment opportunity. Situated on a large 3-acre double township parcel along a high-traffic state highway, the property boasts significant visibility and potential. The complex comprises three buildings: a 1-2 bedroom home ready for renovation, an eight-unit attached building requiring finishing work, and a mid-section building with four units (upper and main level) needing foundation repair before occupancy. Additionally, an east bank of units includes three newly renovated units and one ready for assembly. Many supplies, including refrigerators, microwaves, and some furniture, are included in the sale. This seasonal business caters to short-term work housing, vacation stays, and other opportunities. The asking price is $350,000. The property's location is 900 United Spanish War Veterans Mem Hwy, St. Ignace, MI 49781. This is a prime location just outside the city limits, offering a blend of accessibility and tranquility. The existing structures provide a solid foundation for a thriving hospitality business, with significant potential for increased revenue through renovations and strategic marketing. The ample land offers room for expansion or additional development. This is an exceptional opportunity for an investor seeking a well-located, established motel with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.