Property profile

9999 Red Arrow Hwy Bridgman, MI 49106

OFF-MARKET
Motels
Property ID
US43-3605176
6,072 SF 1.2 ac lot Built 1950
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The Bridgman Inn, located at 9999 Red Arrow Highway in Bridgman, Michigan, presents a compelling investment opportunity. This 25-unit motel boasts 8,149 square feet of space situated on a 3.17-acre lot. The property has undergone significant renovations, resulting in updated and comfortable guest rooms designed to attract and retain guests. These improvements enhance the overall guest experience and contribute to increased profitability. Beyond the guest rooms, the property features a fully restored outdoor swimming pool, ideal for summer enjoyment. Adding to the appeal, newly constructed walking trails meander through the adjacent woods and alongside a creek, providing guests with a unique and tranquil setting. Outdoor fire pits offer additional amenities for guests seeking a relaxing evening atmosphere. The property's prime location along the Red Arrow Highway ensures high visibility and accessibility. While the outdated boiler has been noted, the extensive renovations already completed position this motel for immediate revenue generation and strong return on investment. This turnkey operation is ready for a new owner to step in and capitalize on its potential. The combination of updated amenities, attractive location, and the potential for further enhancements makes this a truly exceptional investment opportunity in the thriving Bridgman, Michigan market.

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1950
Total area 6,072 SF
Lot 1.2 ac (52,272 SF)
Zoning code IG
APN 56-0019-0108-03-2
UPID US43-3605176

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
  • Hotel & Motel
  • Swimming Pool Gym & Fitness Center

Location

9999 Red Arrow Hwy Bridgman, MI 49106-8321
Bridgman metro Census 11102 NILES-BENTON HARBOR, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
$500k
Comparable Approach Comparable
by Request
Blend (final) Blend
$600k

Owner & transaction history

since 2024
Last sale
$600,000
3 recorded transactions
2024
$600,000
2022
Price N/A
2018
Price N/A

Zoning & alternative use

IG · Bridgman, MI

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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