27644 C-Drive, Albion, MI 49224
This exceptional 62-key hotel presents a lucrative investment opportunity in Albion, Michigan. Boasting 72,118 square feet on a substantial 6.44-acre lot, this established property offers significant potential for growth. Built in 1967 and situated in a commercially zoned area (Sheridan Township), the two-story building features a range of amenities designed to enhance guest experience. These include a fitness center, a heated indoor pool, complimentary Wi-Fi, ample free parking (150 spaces), and a sizable 1000 square foot meeting space, perfect for conferences or events. Further enhancing the property's appeal is a fully equipped kitchen and a welcoming lobby/reception area. Each of the 62 guest rooms is equipped with a private bathroom, television, refrigerator, microwave, and efficient through-the-wall heating and cooling units. The hotel benefits from excellent visibility due to its strategic location and prominent signage along I-94. The surrounding area offers a strong draw, with Albion College, Spring Arbor University, and the historic downtown Marshall providing a steady stream of potential guests. The asking price for this turnkey operation is $2,350,000. This represents a compelling opportunity to acquire a well-established hotel with significant upside potential in a thriving market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.