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Keller Williams

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

More Information

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

Listing Office: Cummings-McCraney
Listing Agent: Betsy Costa
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.