13467 M-28, Newberry, MI 49868 (MLS# 20-852)


$299,000
13467 M-28
Newberry, MI 49868
MLS# 20-852
5324 sqft


13467 M-28, Newberry, MI 49868
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Property Description
Great Business Opportunity! The Knollwood Inn is a 16 unit motel with a restaurant/kitchen and living quarters. The motel sits on 6.82 acres and is located next to the snowmobile trail on M-28. The seller has updated all the rooms over the past 6 years. The kitchen and dining is not currently open but the motel units are open for business. The kitchen comes with the equipment for serving breakfast, lunch and dinner. The motel has its won laundry and the living quarters is a separate home. The home has 3 bedrooms and 2 bath with a heated garage and the roof is new. The acreage is high ground. The motel has repeat business each year.

Details
Documents
Contract Information
Current Price: $299,000
List Date: 2020-08-28
List Price: $299,000
Status: Active
For Sale or Rent: Sale
Property Information
Type: Business Opportunity
Realtor.com Type: Commercial
Possible Use: Mixed Use
Building SqFt: 5001 - 7500
Age: 50+
Waterfront: No
User Defined 15: No
# Parking Spaces: 25
Total SqFt.: 5324
Lot Size: 6.82 acres
Lot Dimensions: 450x660
What's Included: All Furnishing and Equipment
Duplicate: No
Location, Tax and Legal
Area: 42 - McMillan, Newberry and Soo Junction Areas
Unit #/St #/Space #: 13467
Street Name: M-28
State: MI
Zip Code: 49868
County: LUCE
School District: Tahquamenon
Tax ID: 004-003-013-0600
Special Assessment: N
Homestead Y/N: Partial
Directions and Remarks
Directions: Located on State Highway M-28 just east of the corner of M-123 and M-28 in Newberry
Hot Sheet Comment: new
Book Msg 2: *** NEW LISTING ***
Currently Not Used
Amount of Frontage: 450
Property Features
Basement: Crawl Space
Construction: Wood Frame
Documents on File: Business License; Financials
Drive: Black Top
Extras: Furnished; Highway Access; Kitchen Area; Laundry; Landscaped; Living Quarters; Restaurant
Heating: Baseboard; Electric; Forced Air; Natural Gas
Parking: 11 - 25 Spaces
Possession: At Closing; Negotiable
Roof: Shingle
Sewer: Township
Water: Drilled Well
Showing Instructions: Appt. Only; See Private Remarks
Terms: Cash; Conventional

Listing Office: Cummings-McCraney

Listing Agent: Betsy Costa

Last Updated: August - 30 - 2020

Information deemed reliable but not guaranteed.

Tuesday 29th of September 2020 07:05 PM