Property summary
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 While the outdated boiler has been noted, the extensive renovations already completed position this motel for immediate revenue generation and strong return on investment.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
VerifiedCap rate & NOI
Current use
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Hotel & Motel
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Hotel & Motel
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Swimming Pool Gym & Fitness Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
IG · Bridgman, MIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for IG in Bridgman, MI.
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Find the owner behind the property.
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