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    1700 1st Street

    Gaastra, MI 49927
    • $875,000
    • STATUS: Active
    • ON SITE: 40 days
    • MLS #: 1881109
    UPDATED: 1 min ago
    $875,000
    • 0
      BEDS
    • 3.75
      ACRES
    • 25
      BATHS
    • 0
      1/2 BATHS
    • 10,208
      SQFT
    • $86
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1995
    County:
    Area:

    School Ratings & Info

    Description

    LIVE WORK & PLAY in the heart of the Upper Peninsula with this rare opportunity to own an established, turnkey 24 unit motel with private 3 bd/2 ba owner's residence. Situated near the shores of Chicaugon Lake, this popular family run motel is located just outside the town of Iron River in an area known for it's stunning natural beauty and abundance of recreational activities. Live on site in the nicely detailed spacious owners quarters featuring an open floor plan, 2 bedrooms/2 baths upstairs and an additional finished bedroom in the basement. New furnace installed (2020) in the residence. This year round playground welcomes golfers, skiiers, snowmobilers, bikers, hikers, fishermen/women, ATVers and vacationers looking to experience the magic of the U.P. fall colors. DON'T MISS YOUR OPPORTUNITY to own this piece of paradise. Check out Facebook business page for The Chicaugon Lake Inn to see their strong following and great customer reviews. Additional financial documents available for serious buyers.

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    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-11-28T17:51:56.51.
    www.michiganlifestylehomes.com/homes/111132910
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    1700 1st Street Gaastra, MI 49927

    • Price: $875,000
    • Status: Active
    • Updated: 1 min ago
    • MLS #: 1881109
    0
    Beds
    25
    Baths
    0
    ½ Baths
    3.75
    Acres
    10,208
    SQFT
    $86
    $/SQFT
    1995
    Built
    Neighborhood:
    None
    County:
    Iron
    Area:
    Iron
    Property Description
    LIVE WORK & PLAY in the heart of the Upper Peninsula with this rare opportunity to own an established, turnkey 24 unit motel with private 3 bd/2 ba owner's residence. Situated near the shores of Chicaugon Lake, this popular family run motel is located just outside the town of Iron River in an area known for it's stunning natural beauty and abundance of recreational activities. Live on site in the nicely detailed spacious owners quarters featuring an open floor plan, 2 bedrooms/2 baths upstairs and an additional finished bedroom in the basement. New furnace installed (2020) in the residence. This year round playground welcomes golfers, skiiers, snowmobilers, bikers, hikers, fishermen/women, ATVers and vacationers looking to experience the magic of the U.P. fall colors. DON'T MISS YOUR OPPORTUNITY to own this piece of paradise. Check out Facebook business page for The Chicaugon Lake Inn to see their strong following and great customer reviews. Additional financial documents available for serious buyers.
    Exterior Features

    Construction Frame Exterior Features Wood Foundation PartialSlab Lot Dimensions 0.5 Acre Parking Common Parking Spaces 40 Road Public Maintained Roof Asphalt

    Interior Features

    Heating Cooling Type Forced Air

    Property Features

    Business Incl Yes Business Name Chicaugon Lake Inn Llc Deeded Waterfront No Documents On File Business License Eco Features No Extras Security SystemSprinkler SystemFurniture/Fixtures Heating Cooling Source ElectricPropane Gas Included In Lease None Inventory Incl Yes Licenses None Listing Agreement Type Exclusive Right To Sell Location Freestanding Possession Within 30 Days Present Use Recreational/Resort Real Estate Incl Yes Sale Or Lease For Sale Sale Rent For Sale Section Number 14 Sewer Private Septic Terms CashCommercial Loan Total Taxes 5373 Township Stambaugh Type Hospitality Type Of Ownership Private Owner Univs Design Barrier Free Main Floor AccessNo Steps Entry Vacant Land No Water Municipal Water Year Remodeled 2018 Zoning CommercialIndustrial



    The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2020 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2020-11-28T17:51:56.51.
     
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