1520 Us-2 Gulliver, MI 49840
- Retail properties
- 8,399 SF
- 24.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1520 Us-2
- Lot size
- 24.00 lot acres
- Property size
- 8,399 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
Exceptional investment opportunity: the Dreamland Motel & Restaurant in Gulliver, Michigan, is offered at $895,000. This turnkey hospitality and retail property boasts 8,399 square feet across two one-story buildings situated on 24 acres. Completely renovated in 2022, the property includes 21 units with 20 beds, currently operating at 100% occupancy. The attached restaurant, formerly "Bread & Bacon," features a liquor license (currently in escrow) and served breakfast and lunch. The motel and restaurant enjoy a prime location on US Highway 2, approximately 1.5 hours east of the Mackinac Bridge and 2 hours west of Wisconsin, attracting both local and tourist clientele. The property is zoned for Resource Production and offers potential for expansion, such as adding RV/camper sites (estimated cost $70,000). This established and successful business presents a unique owner/user opportunity with multiple income streams and significant growth potential in the scenic Upper Peninsula of Michigan. The property's APN is 006-232-018-00.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gulliver
- County
- Schoolcraft
- State
- Michigan
- Longitude
- -85.9551
- Latitude
- 46.0854
