4404 I-75 Business Spur, Sault Ste. Marie, MI 49783
- Hospitality properties
- 61,662 SF
- 4.00 lot acres
Current Use by 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
Property Details for 4404 I-75 Business Spur
- Year built
- 1987
- Lot size
- 4.00 lot acres
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional 85-key Comfort Inn, situated in Sault Ste. Marie, Michigan, presents a compelling investment opportunity. Boasting 61,662 square feet across two stories, this well-maintained property, built in 1987 and renovated in 2018, sits on a substantial 4-acre lot. Its strategic location on I-75 Business Spur ensures convenient access for travelers. The hotel's strong financial performance is evident in its impressive trailing twelve-month revenue of $2,374,690 (August 2024), representing a price-to-revenue multiple of 3.36x. The asking price is $7,980,000, translating to $129.42 per square foot. The property is zoned B3 and benefits from its location within an Opportunity Zone. The ongoing $3.2B Soo Lock construction project, slated for completion by 2030, is expected to generate significant economic growth and increased tourism, further enhancing the hotel's long-term prospects. This presents a rare chance to acquire a profitable hospitality asset in a dynamic and growing market. The property's substantial size and prime location make it an ideal investment for experienced hospitality operators seeking a strong return on investment. The August 2023 room revenue was $2,230,449.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sault Ste. Marie
- County
- Chippewa
- State
- Michigan
- Longitude
- -84.378
- Latitude
- 46.4628
