Property profile

9810 Lansing Rd Durand, MI 48429

OFF-MARKET
Commercial real estate
Property ID
US43-2350321
1.6 ac lot
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional owner-user opportunity presents the Sunset Motel, a charming 11-key establishment nestled on a 1.6-acre lot in Durand, Michigan. Built in 1960 and renovated in 2008, this property boasts 6,000 square feet across two buildings, offering a unique blend of business and residential living. The motel features 11 well-appointed rooms, each equipped with modern amenities including Wi-Fi, cable TV, mini-refrigerator, and microwave. Generating a Net Operating Income (NOI) of $50,000, the property is priced at $1,100,000 ($183.33/sq ft and $100,000/bed). The property includes a spacious apartment, ideal for an on-site manager or owner, and a separate single-family home, adding to the overall value and potential income streams. Conveniently located near the town center, the motel benefits from easy access to local shops, restaurants, and attractions. The permitted A2 zoning ensures flexibility for future development or expansion. This turnkey operation offers a rare chance to acquire a profitable business with significant residential components in a desirable rural setting. The property's strong financial performance, combined with its versatile layout and prime location, makes it an attractive investment for both seasoned entrepreneurs and first-time business owners. The property's APN is 01259054000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.6 ac (69,696 SF)
APN 012-15-200-011-01
UPID US43-2350321

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

9810 Lansing Rd Durand, MI 48429-1043
Durand metro Census 31900 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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