8359 N M-123, Paradise, MI 49768 (MLS# 19-1067)


$750,000
8359 N M-123
Paradise, MI 49768
MLS# 19-1067
18034 sqft


36-room motel at a VERY busy intersection. Large parking and porte cochere
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36-room motel at a VERY busy intersection. Large parking and porte cochere 36-room motel at a VERY busy intersection. Large parking and porte cochere Entrance Lobby and front desk Main Floor corridor Meeting/Breakfast Room Beverage area King Suite King Suite King bathroom 8359 N M-123, Paradise, MI 49768 King Suite Jacuzzi tub Double Queen room Typical bathroom Double Queen room 8359 N M-123, Paradise, MI 49768

Property Description
The 36-room Paradise Inn is located at a VERY busy intersection (1 million vehicles/year) in the lakeside community of Paradise. This is the gateway for Tahquamenon Falls State Park (500K+ visitors/year) and the Shipwreck Museum at Whitefish Point (100K+ visitors/year). Frontage on Whitefish Point Rd and M-123. Your guests will be able to walk to Paradise shops and restaurants. This tidy, well-maintained mid-range hotel is packed in the summer and winter. There is a two-bedroom manager's apartment onsite (appliances and furnishings inclusive). Large paved parking lot and porte cochere. Most equipment, furnishings, laundry, goodwill & future bookings are included. This could be the ticket to your up-north early retirement or profitable investment. Serious buyers only.

Details
Maps
Documents
Contract Information
Current Price: $750,000
List Date: 2019-08-12
List Price: $750,000
Status: Active
For Sale or Rent: Sale
Property Information
Type: Business Opportunity
Realtor.com Type: Commercial
Possible Use: Hotel/Motel
Building SqFt: 7501 & Up
Waterfront: No
# Units: 36
# Parking Spaces: 50+
Total SqFt.: 18034
Lot Size: 2.645 acre
Lot Dimensions: Irregular
What's Included: See list in Documents
Duplicate: No
Location, Tax and Legal
Area: 52 - Paradise & Tahquamenon Areas
Unit #/St #/Space #: 8359
Street Direction Pfx: N
Street Name: M-123
State: MI
Zip Code: 49768
County: CHIPPEWA
Zoning: Commercial
School District: Whitefish
Tax ID: 016-222-022-00
Special Assessment: N
Homestead Y/N: No
SEV: 305200
Taxable Value: 305200
Tax Year: 2019
Directions and Remarks
Directions: Located at the NW corner of M-123 and Whitefish Point Rd in Paradise (at the blinker light)
Hot Sheet Comment: new
Book Msg 2: *** NEW LISTING ***
Currently Not Used
Amount of Frontage: 850
Property Features
Exterior Finish: Brick; Vinyl
Cooling: Wall Unit
Drive: Black Top
Extras: Handicap Access; High Traffic Locatn; High Visibility; Laundry; Living Quarters; Smoke Detectors; Window Coverings
Parking: 25 Or More Spaces; Paved; Parking Lot
Possession: Negotiable
Road Surface: Black Top
Roof: Shingle
Sewer: Septic
Water: Drilled Well
Showing Instructions: 24 Hr Notice; Appt. Only; See Private Remarks
Terms: Cash; Conventional

Listing Office: Superior Shores Realty

Listing Agent: Derek Tait

Last Updated: August - 18 - 2019

Information deemed reliable but not guaranteed.

Thursday 27th of February 2020 08:22 AM