Motel - Trout Lake

Hospitality for Sale
Catylist Listing ID: 30294766
Property Subtypes: Motel
Number of Units: 41 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 30,000 SF
Sale Price: $389,000
Unit Price: $9,487.80 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 10/8/2019

Overview / Comments

Great opportunity to relaunch this former Best Western, 41 Rooms Motel with a 3 Bedroom Management Quarters, Indoor Pool and Free - Standing Full Service Restaurant with over 100 seats. Also has separate recreational building. Property sits 13 acres Wooded with a pond. Close to Snowmobile Trails, State Land, Rivers, and Casino. Property is priced to sell - currently vacant needing some minor repairs and updates. Owner willing to look at all offers. Call today to see the property.

Additional Details

Nearest MSA: Sault Ste. Marie
County: Chippewa
Tax ID/APN: 01522500300

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