Catylist Listing ID: 30263622
Property Subtypes: Motel
Number of Units: 24 Units
Building Size (RSF): 3,362 SF
Gross Building Area: See Agent
Gross Land Area: 18,650 SF
Sale Price: $210,000
Unit Price: $8,750 Per Unit
Ceiling: 8 ft.
Property Use Type: Vacant/Owner-User
Name of Establishment: Mid City Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/10/2018

Overview / Comments

Very well maintained family run motel with 26 units and living quarters. Located close to the Soo's popular tourist attractions: Tower of History, Soo Locks, Soo Locks Boat Tour, Vally Camp Museum, and more. 10 rooms have single bed and 14 rooms have double beds (beds are combination of Full and Queen size). Owner has updated some carpet, windows and doors.

Additional Details

Nearest MSA: Sault Ste. Marie
County: Chippewa
Tax ID/APN: 051-358-002-00
Retail Clientele: General, Family, Traveler, Tourist
Property Located Between: Tower of History and City Hall
Property Visibility: Excellent
Largest Nearby Street: Portage Ave
Feet of Frontage: 135
Traffic/Vehicle Count: 24
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Construction/Siding: Brick, Wood Siding
Average Occupancy Rate: 75
Total Parking Spaces: 24
Parking Type: Surface
Heat Type: Natural Gas, Hot Water
Heat Source: Baseboard
Air Conditioning: Window Unit
Internet Access: Cable, DSL
Lot Frontage: 135
Lot Depth: 140
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Fort Brady Add Lot 1 Ex S 50 ft thereof, all Lots 2 & 3 also N 25 ft of W 40.7 ft Lot 5 and N 25 ft Lot 6 Blk 3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,581 12,567 15,285
Median Age: 34.59 35.18 36.02
Households: 3,054 5,397 6,448
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