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

13467 M-28, Newberry, MI 49868

$299,000

Property Type: Commercial Square Footage: 5,324 Status: Sold

Current Price: $299,000 List Date: 8/30/2021 Last Modified: 8/30/2024

Overview

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. Terms Available

Listing Details MLS# 20-852

Contract Information

For Sale or Rent: Sale

Property Information

Type: Business
Realtor.com Type: Commercial
Present Use: Hotel/Motel
Possible Use: Mixed Use
Building SqFt: 5001 - 7500
Age: 50+
Waterfront: No
User Defined 15: No
# Parking Spaces: 25
Total SqFt.: 5324
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
Tax ID: 004-003-013-0600

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: price
Book Msg 2: *** PRICE REDUCED ***

Sold Info

Contingent: Active w/Contingencies
Sold Date: 2021-11-17

Location, Tax and Legal

School District: Tahquamenon
Special Assessment: N
Homestead Y/N: Partial

More Information

Basement

Crawl Space: Yes

Extras

Furnished: Yes
Highway Access: Yes
Kitchen Area: Yes
Laundry: Yes
Landscaped: Yes
Living Quarters: Yes
Restaurant: Yes

Construction

Wood Frame: Yes

Heating

Baseboard: Yes
Electric: Yes
Forced Air: Yes
Natural Gas: Yes

Documents on File

Business License: Yes
Financials: Yes

Water

Drilled Well: Yes

Drive

Black Top: Yes

Sewer

Township: Yes

Parking

11 - 25 Spaces: Yes

Possession

At Closing: Yes
Negotiable: Yes

Roof

Shingle: Yes

Terms

Cash: Yes
Conventional: Yes

Showing Instructions

Appt. Only: Yes
See Private Remarks: Yes

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

Documents

Maps ›

Listing Office: Cummings-McCraney

Listing Agent: Betsy Costa

Last Updated: August - 30 - 2024

Information deemed reliable but not guaranteed.

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