17229 Northwood Hwy Arcadia, MI 49613
- Hospitality properties
- 6,000 SF
- 1.50 lot acres
Current Use by Public Records
- Pleasant Valley Resort Motel / Motel / Cottage Rental
Property Details for 17229 Northwood Hwy
- Year built
- 1960
- Lot size
- 1.50 lot acres
- Property size
- 6,000 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This established 6-building motel, the Pleasant Valley Resort, presents a unique investment opportunity. Located at 17229 Northwood Hwy, Arcadia, MI 49613, this property boasts 6,000 square feet situated on a 1.5-acre lot, just five blocks from Lake Michigan. Built in 1960 and extensively renovated in 2020, the motel features a two-story design with 18 parking spaces per unit. Currently operating at an 85% occupancy rate (as of August 30, 2024), this turnkey operation benefits from a consistent repeat clientele and an established online reservation system. The property includes a newly constructed barndominium owner's loft, providing efficient year-round living space with ample storage. Zoned for commercial use (APN: 01-010-030-00), this property is priced at $1,175,000 ($195.83/sq ft) and offers a strong return on investment. Arcadia, Michigan's growing popularity as a tourist destination, with attractions including world-class golf, hiking/biking trails, and Lake Michigan's scenic beauty, ensures continued high demand. This is a rare chance to acquire a well-maintained, profitable hospitality business in a prime location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Arcadia
- County
- Manistee
- State
- Michigan
- Longitude
- -86.2315
- Latitude
- 44.4927
