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Property profile & analytics
OFF-MARKET
Hospitality properties

13467 M-28 Newberry, MI 49868

5,324 SF Built 1960
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hospitality properties
Year built 1960
Total area 5,324 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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