415 Cedar St Munising, MI 49862

Property Details for 415 Cedar St

Property type

Commercial real estate

APN

051-104-017-00

APU

5110401700

Description

This well-established Munising, MI motel presents a unique business opportunity in a thriving tourist destination. The property boasts 12 units, a manager's residence with two bedrooms and two bathrooms, a spacious living room, updated kitchen, office area, utility rooms, and ample storage. Recent renovations include exterior paint, awnings, chimneys, roof, and the addition of a cedar sauna with tile flooring. Further improvements encompass two new water heaters, picnic tables, a pollinator garden, a fire pit, upgraded office flooring, and new refrigerators and microwaves in most rooms. The grounds feature cherry and pear trees, enhancing the property's charm. A small laundry room and office area are also included. The sale includes the business, furnishings, fixtures, and equipment (excluding Coke collectibles). Ample parking is available for guests, with additional space for trailers on a vacant lot included in the sale. A second vacant lot, located half a block north, is also part of this offering. The motel enjoys a prime location on a main thoroughfare, within walking distance of amenities and the popular Pictured Rocks National Lakeshore, which attracted over 910,000 visitors in 2023. The property benefits from a strong reputation, evidenced by positive online reviews and a loyal customer base. This turnkey operation offers immediate income potential in a region renowned for its natural beauty and recreational activities, including Lake Superior, waterfalls, beaches, hiking, biking, ATV trails, cross-country skiing, and snowmobiling. The total square footage is 5,635 square feet on a 1.2-acre lot. The asking price is $799,000.

Location Insight

City

Munising

County

Alger

State

Michigan

Longitude

-86.6524

Latitude

46.4068

Property Tax & Assessments