415 Cedar Street
Munising, MI, 49862 $ 799,000
Baths0.0 Sq 5,635 Monthly Estimate*
$ 5,581
Studio
for $799,000. This 5,635 square foot building was built in 1948 on a lot size of 1.2.
WELL ESTABLISHED nostalgic Motel in the heart of the Upper Peninsula of Michigan. You can own your own successful business in Munising, which is a flourishing tourist town. Recently remodeled with a complete list of updates which include exterior paint, awnings, chimneys, roof, cedar sauna with tile floor, firepit, pollinator garden, 2 new water heaters, picnic tables, office floor, coffee set up for rooms, new refrigerators & microwaves in most rooms. A great deal of attention has been given to the inside of each room and the outside grounds with cherry & pear trees as well. (Improvement list provided) 12 Units plus a small laundry room, office area and managers/ownerâs residence. Managerâs residence includes 2 bedrooms, 2 bath, large living room, updated kitchen, office area, utility rooms, storage areas, greenhouse. Ample parking accommodates the motel guests with additional parking for trailers available on the vacant lot along Cedar St. Additional vacant lot located ½ block North is included in the sale. Great location on a main corridor through the U.P. and within walking distance to all that you need. Neighboring Pictured Rocks National Shoreline had over 910,000 visitors in 2023 and home to Icefest. Lake Superior, many waterfalls, beaches, hiking, biking, ATV, XC skiing & snowmobiling. Sale will include Business, furnishings, fixtures, and equipment (but not the Coke collectables). Well established with repeat customers and great reviews you can read online!
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FeaturesGeneralHeating Hot Water
Cooling Window Unit(s)
Roof Shingles
Exterior Features Garden Area
Zoning C Commercial Commercial
Water Public Water
Status Active Active
Year Built 1948
Parking On Site Parking Lot
Water Heater Gas
County Alger
Class COM/IND/BUS OPP
Type Business
Business Type Motel
Business Name Scotty's Motel
Percent Ownership Private
Municipality Munising
Subdivision MI
Commercial Features Cable Internet Installed Cable TV Available Fixtures Furniture Living Quarters Living Quarters Attached Pole Sign Reception Area Roof Sign Fiber Optic Internet
Area Munising (02012)
Primary City Munising
Location Corner Lot Main Street Residential Area
Directions M28 to Cedar St turn Left property 1 block on Right.
City Munising
Street Name Cedar
Financial Terms Cash Commercial Loan
Legal Description CLIFF ADDITION LOT 1 SELY 1/2 OF LOT 3 17 18 19 & 20 BLK 4 (2020 SPLIT) 02-051-104-017-00 CLIFF ADDITION LOT 18 BLK 1 051-101-018-00
DOM 56
Postal Code 49862
Price Per Sq Ft 141.79
Coming Soon WELL ESTABLISHED nostalgic Motel in the heart of the Upper Peninsula of Michigan. You can own your own successful business in Munising
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ExteriorExterior Hardboard Partial-Vinyl
Frontage 286
Lot Size Area 1.2
Lot Dimensions 286x150x143x100x143x50
Water Features None
Roads City/County Paved Street Year Round
Waterfront Y/N No
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* Excluded FeaturesList ByAMY SCHIEDINGListing Agent
Re/Max SuperiorlandBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,581
- Monthly Property Taxes
- $803
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Munising, MI
Average List Price $507,000
Percent of Sale Price 37%
About Munising, MI 2,440 Population
-7% Since 2002
$ 38,907 Median Income
50.71 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/27/2024 | $799,000 | | Listed Price |