7967 N M-123, Paradise, MI 49768 (MLS# 23-102)


$750,000
7967 N M-123
Paradise, MI 49768
MLS# 23-102
11 beds  |  10 baths  |  7816 sqft


Top-rated hospitality business in Paradise. Includes an 1800 sq ft home that is move-in ready
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Top-rated hospitality business in Paradise. Includes an 1800 sq ft home that is move-in ready Property includes an 1800 sq ft home and eight renovated vacation suites. 3 bedroom/2 bath home could be used for yourself as an owner, a manager's residence or an additional rental Residence entry foyer -- has been used as the lodging guest reception Residence entry foyer -- has been used as the lodging guest reception Residence has a spacious open-concept living/dining/kitchen Spacious kitchen with tile countertops. Vinyl plank flooring and updated cabinetry Spacious kitchen with tile countertops. Vinyl plank flooring and updated cabinetry Spacious kitchen with tile countertops. Vinyl plank flooring and updated cabinetry. Sale includes two refrigerators Spacious kitchen with tile countertops. Vinyl plank flooring and updated cabinetry Residence heating includes forced air propane and one propane wall unit (can be used during power outage) Residence has a spacious open-concept living/dining/kitchen Residence has a spacious open-concept living/dining/kitchen Residence has a spacious open-concept living/dining/kitchen Spacious primary bedroom with walk-in closet Bedroom 2 with walk-in closet Bedroom 3 with walk-in closet 2nd bathroom has been updated Primary bedroom walk-in closet includes easy access to the furnace Laundry room with washer dryer hookup 7967 N M-123, Paradise, MI 49768 North motel building includes three spacious vacation suites and a guest/hotel coin operated laundry North motel building with perennial plantings. All buildings have been well-maintained North motel building with perennial plantings. All buildings have been well-maintained Suite #8 is the newest suites with over 800 sq ft and features an electric fireplace and a separate bedroom with a king bed Suite #8 features a kitchen wall Suite #8 with new furnishings, including live edge table Suite #8 features a separate bedroom with new furnishings and a king bed Suite #8 features a separate bedroom with new furnishings and a king bed Suite #8 includes a new bunk Suite #8 bathroom, New shower with glass enclosure Suite #7 is over 700 sq ft with a kitchen wall easy-care vinyl plank flooring Suite #7 is over 700 sq ft with a kitchen wall easy-care vinyl plank flooring Suite #7 kitchen wall Suite #7 is over 700 sq ft with a kitchen wall easy-care vinyl plank flooring Suite #6 is a 450 sq ft two-room suite with full kitchen and separate bedroom. Suite is ADA accessible Suite #6 is a 450 sq ft two-room suite with full kitchen and separate bedroom. Suite is ADA accessible Suite #6 is a 450 sq ft two-room suite with full kitchen and separate bedroom. Suite is ADA accessible North building guest and hotel laundry Aerial view of South building, which includes five one-bedroom vacation suites Suite #1 outdoor area with custom cedar furniture Suites #1-5 are each approximately 500 square feet. Two-room vacation suites include full kitchens, private baths and separate bedrooms Suites #1-5 are each approximately 500 square feet. Two-room vacation suites include full kitchens, private baths and separate bedrooms Newer sleeper sofas in all suites feature easy-care fabric that is stain-resistant Suites #1-5 are each approximately 500 square feet. Two-room vacation suites include full kitchens, private baths and separate bedrooms Suites #3 and 4 entrance area Suites #1-5 feature separate bedrooms with locally made, custom crafted bedroom furniture. Suites #1-5 feature separate bedrooms with locally made, custom crafted bedroom furniture. Suites #1-5 feature separate bedrooms with locally made, custom crafted bedroom furniture. Suites #1-5 feature separate bedrooms with locally made, custom crafted bedroom furniture. Suites #1-5 feature separate bedrooms with locally made, custom crafted bedroom furniture. Suites #1-5 feature separate bedrooms with locally made, custom crafted bedroom furniture. Suites #1-5 Representative bathroom South building utility room. Well pump and pressure tank new in 2022. Entire property has water treatment system that conveys All vacation suites are wired for individual metering if new owner wants to do long-term rentals.

Property Description
Plan Your Great Escape! Move in ready 3 BR, 2 BA home with central A/C and successful, fully operating business. Catch the wave of tourism in Michigan's Upper Peninsula with this turnkey business. #1 rated hospitality business in Paradise with a strong online presence. Great opportunity for YOU; seller is retiring. Listed below 2023 appraised value. Start making money from day one. Great location in Paradise, gateway to Tahquamenon Falls and iconic Whitefish Point. Successful & profitable Tahquamenon Suites Lodging features 8 air-conditioned vacation suites with kitchens. 270 ft road frontage on high traffic M-123. 5.13 acres with 3+ acres of untouched mature woods with possibilities for expansion. Direct snowmobile and seasonal ORV trail access. Seller is a licensed MI real estate broker.

Details
Documents
Contract Information
Current Price: $750,000
List Date: 2023-03-02
List Price: $750,000
Status: Active
For Sale or Rent: For Sale
Property Information
Type: Site Built
Realtor.com Type: Residential-Single Family
Total Bedrooms: 11
Total Full Baths: 10
Total Bathrooms: 10
Basement: No
Garage Storage Type: None
Age: 50+
Seasonal: No
Style: Ranch
Waterfront: No
# of Acres: 5.13
Year Built: 1996
Total SqFt.: 7816
Source of sq. ft.: Appraisal
Abv grade fin sq ft: 7816
Lot Size: 5.13 Acres
Duplicate: No
University Area: No
Location, Tax and Legal
Area: 52 - Paradise & Tahquamenon Areas
Unit #/St #/Space #: 7967
Street Direction Pfx: N
Street Name: M-123
State: MI
Zip Code: 49768
Townships: Whitefish
County: CHIPPEWA
School District: Whitefish
Tax ID: 016-227-041-50;227-041-00;222-006-00;222-001-10
Homestead (Y/N): N
Special Assessment: N
Directions and Remarks
Directions: Property is located 0.4 mile south of the intersection of M-123 and Whitefish Point Rd (blinker light in Paradise) on M-123, west side of the road.
Property Features
Extras: Paved Street; Shed
Electricity: Installed
Heating: Baseboard; Electric; Forced Air; Heat Pump; Propane
Cooling: Central Air; Wall Unit
Water: Drilled Well
Sewer: Septic
Foundation: Block; Crawl Space
Interior: Laminate Flooring; Internet; Smoke Detector; Walk-in Closet; Window Coverings
Appliances: Dryer; Electric Range; Microwave; Outdoor Grill; Range Hood; Refrigerator; Washer; Water Sftnr-Owned
Windows: Double Pane
Laundry: Main Level
Other Rooms: Apartment; Office; Mud Room; Office
Roof: Asphalt shingles; Rubber Roofing
Terms: Cash; Conventional
Showing Instructions: 24 Hr Notice; Appointment Only; See Private Remarks
Possession: At Closing; Negotiable
Documents on File: Appraisal; Seller's Disclosure
Patio/Deck: Open Deck; Porch Covered
Landscaping: Garden - Floral; Garden - Vegetable; Lawn
Exterior: Block; Vinyl; Wood
Supplements
Complete renovation of all buildings in 2014 with new interiors, electrical, plumbing, heating. 2 of 3 roofs new in 2020. New pavement in 2016. Septics are pumped yearly. New well pump 2022. Water treatment system in place. Most bedroom furniture was custom-made by a local craftsman. Walking distance to Paradise restaurants and shops. The property has been well-maintained and features perennial plantings plus an expansive central lawn which could be used for campsites, festivals, farmer's market, covered pavilion, etc. Furnishings, equipment, linens, name, website, goodwill & future bookings are all included in the sale. Website-integrated, cloud-based booking system w/third-party interface could be continued. Hotel is currently being ran by the owner with contact free check in. Operations could easily bridge to absentee owner/vacation rental format. Owner is willing to assist in transition with new owner.
Room Information
Room Name Level Length Length Width Area Width Area Remarks
FoyerMain10.0010.006.0060.006.0060.00
Living/Dining ComboMain26.0026.0011.00286.0011.00286.00
KitchenMain16.0016.0013.00208.0013.00208.00
Primary BedroomMain15.0015.0013.00195.0013.00195.00
Primary BathroomMain13.0013.008.00104.008.00104.00
Walk In ClosetMain8.008.005.0040.005.0040.00
Bedroom 2Main14.0014.0013.00182.0013.00182.00
Walk In ClosetMain6.006.004.0024.004.0024.00Bedroom 2 Walk In Closet
Bedroom 3Main14.0014.0013.00182.0013.00182.00
Walk In ClosetMain5.005.004.0020.004.0020.00Bedroom 3 Walk In Closet
BathroomMain9.009.005.0045.005.0045.00
OfficeMain11.0011.009.0099.009.0099.00
LaundryMain8.008.007.0056.007.0056.00

Listing Office: Superior Shores Realty

Listing Agent: Melanie Davis

Last Updated: March - 21 - 2023

Information deemed reliable but not guaranteed.

Thursday 23rd of March 2023 03:14 PM