Property profile

900 United Spanish War Veterans Mem Hwy St. Ignace, MI 49781

OFF-MARKET
Hospitality properties
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Hospitality properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

900 United Spanish War Veterans Mem Hwy St. Ignace, MI 49781
St. Ignace metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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