13467 M-28 Newberry, MI 49868
- Hospitality properties
- 5,324 SF
Current Use by Public Records
- Isalis / Jewelry Store / Gift Shop
- Party City / Party Store / Balloon Store
- Skunk Funk / Clothing Store / Corporate Campus
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 13467 M-28
- Year built
- 1960
- Property size
- 5,324 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional 16-unit motel, the Knollwood Inn, presents a compelling redevelopment opportunity in Newberry, Michigan. Situated on a high-traffic location at 13467 M-28, this well-maintained property boasts 5,324 square feet across three single-story buildings, built in 1960. The property includes 16 keys, each with updated features including fresh paint and many with refurbished bathrooms. A large, centrally located dining room and commercial-grade kitchen are ideal for catering to guests. On-site amenities include a laundry area and linen storage. The welcoming reception area features a dedicated space for a continental breakfast service. Adding to the appeal, a separate three-bedroom, two-bathroom home is conveniently located nearby, along with a heated garage for equipment and vehicles. The property is zoned commercial and offers potential for alternative uses, such as long-term rentals or senior living. The Knollwood Inn enjoys excellent guest reviews and benefits from easy access to popular snowmobile and ATV/ORV trails, ensuring consistent bookings. The asking price is $439,900, and the property is being sold turnkey, complete with all furniture, fixtures, and equipment. This is a rare chance to acquire a thriving business with significant upside potential. The property is privately owned.
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
- Newberry
- County
- Luce
- State
- Michigan
- Longitude
- -85.4981
- Latitude
- 46.3029
