Hospitality

1396 Old M-76


1396 Old M-76
AlgerMI 48610

1396 Old M-76

Hospitality

1396 Old M-76, AlgerMI 48610

Details

Land
0.77 Acre
Building Status
Existing
Year Built
1955
Year Renovated
2016
Occupancy Type
Single Tenant
Number of Units
10
Water Utility Available
Yes
Sanitary Sewer Utility Available
Yes
County
Arenac

Current Listings

9 Unit Motel plus Two Bedroom Unit

0.77 Acre$139,000
COMMERCIAL EQUITIES

Clean and well managed 9 unit motel with a two bedroom unit in the center being occupied by the motel manager. Peaceful rural setting located just off I-75 for convenient access. Roof was replaced in 2016 with further improvements in 2017. There is an interior hallway connecting all of the units for comfort of the tenants. A vending machine exists for snacks and is part of the purchase price. Approximately .5 acre is available that is adjacent and across the street. A former house and pole building also exists on this additional acreage at an additional purchase price.

COMMERCIAL EQUITIES

Clean and well managed 9 unit motel with a two bedroom unit in the center being occupied by the motel manager. Peaceful rural setting located just off I-75 for convenient access. Roof was replaced in 2016 with further improvements in 2017. There is an interior hallway connecting all of the units for comfort of the tenants. A vending machine exists for snacks and is part of the purchase price. Approximately .5 acre is available that is adjacent and across the street. A former house and pole building also exists on this additional acreage at an additional purchase price.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: CPIX

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