8306 S Us-131, Update, MI 49659

Business opportunity of a lifetime! 26-unit motel, house and apartment on the corner of busy US131 and M66 in the heart of northern Michigan! This motel is the only motel for miles, and is located on 2.88 acres with a split available. This property does need some renovation. This building has had a long time steady business year round and is within an hour of Gaylord, Traverse City, Petoskey, and Charlevoix. In addition to the 26 busy rooms, this property includes a nice 3 bedroom 2 bath home, as well as a large 2 bedroom apartment right behind the front desk. This motel is convenient to all northern Michigan recreation including lakes and rivers, golfing, skiing, and hunting. It is located near outstanding snowmobile trails. Total square footage of motel plus the apartment is 10,148. The manufactured home is 1456 square feet, and includes 3 bedrooms and 2 bathrooms. The original 8 rooms of the motel were built in 1958, and the remainder of the hotel was built in the 1980's. Also includes motel laundry room, 24' pole barn, and 2 story storage hut. Furnishings and fixtures included. All measurements approximate and must be verified by the buyer.