7967 M-123, Paradise, MI 49768 (MLS# 23-99)

7967 M-123, Paradise, MI 49768

$750,000

New Signage 2022 with perennial plantings

Tahquamenon Suites Lodging - 8 vacation suites and an 1800 sq ft home. This is the highest rated hospitality business in Paradise.

North Building-Ample Parking, Three Suites and Laundry Room

North Building with cut stone fireplace and perennial garden

Suite #8 -- newest addition in 2022. Over 800 sq ft with electric fireplace, two TVs, kitchen, glass shower, separate King bedroom.

Suite #8 Kitchen wall with Living Room beyond

Suite #8 Bedroom with all new furnishings

Suite #8 -- new in 2022, Bathroom has glass shower enclosure

Suite #7 - Accommodates 6 guests with custom-made bedroom furniture

Suite #6 - Two-room suite with full kitchen and separate bedroom

South Building-Five 1BR Vacations Suites and Laundry/Utility Room

Custom made cedar outdoor furniture in front of every suite

Suites #1-5 Kitchen/Dining/Living Room-Rooms 1-5

Suites #1-5 Kitchen/Dining/Living Room-Rooms

Full Kitchens in Suites #1-5 with Maple Cabinetry, Range Ovens and microwaves.

Suites #1-5 Bedrooms. All have queen beds and custom crafted bedroom furniture

Each Suite is set up to be individually metered

1800 sq ft home -- Foyer has been used as motel office reception

1800 sq ft home -- Open Kitchen, Dining Room and Living Room

1800 sq ft home -- Great space for an upright freezer

1800 sq ft home -- Primary Bedroom with full bath (includes whirlpool tub, shower and vanity)

1800 sq ft home -- Laundry Room with W/D hookup

1800 sq ft home -- Propane Furnace. Home also has Rental A/C

With more than five acres there is plenty of room to expand.

Property Type: Commercial Square Footage: 7,816 Status: Sold

Current Price: $750,000 List Date: 3/01/2023 Last Modified: 8/30/2024

Overview

Description

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. 1800 sq. ft., 3 BR, 2 BA home with central A/C. 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.

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. Septic's 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 ... (Read more)

Listing Details MLS# 23-99

Contract Information

For Sale or Rent: Sale

Property Information

Type: Business
Realtor.com Type: Commercial
Present Use: Hotel/Motel
Possible Use: Hotel/Motel
Building SqFt: 7501 & Up
Age: 50+
Waterfront: No
# Parking Spaces: 20+
Total SqFt.: 7816
Lot Dimensions: 270x835approx
What's Included: Furnishings, Name, Good Will
Duplicate: No

Location Tax and Legal

Area: 52 - Paradise & Tahquamenon Areas
Unit #/St #/Space #: 7967
Street Name: M-123
State: MI
Zip Code: 49768
County: CHIPPEWA
Tax ID: 016-227-041-50;227-041-00;222-006-00;222-001-10

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.
Hot Sheet Comment: new

Sold Info

Sold Date: 2023-06-08

Location, Tax and Legal

School District: Whitefish
Special Assessment: N

More Information

Basement

Block: Yes
Crawl Space: Yes

Extras

Employee: Yes
Furnished: Yes
Handicap Access: Yes
Highway Access: Yes
High Traffic Locatn: Yes
High Visibility: Yes
Kitchen Area: Yes
Laundry: Yes
Living Quarters: Yes
Smoke Detectors: Yes
Window Coverings: Yes

Construction

Masonry: Yes

Exterior Finish

Brick: Yes
Wood: Yes

Heating

Baseboard: Yes
Electric: Yes
Forced Air: Yes
Heat Pump: Yes
Propane: Yes

Cooling

Central Air: Yes
Wall Unit: Yes

Documents on File

Appraiser: Yes
Financials: Yes
Photographs: Yes
Tax Returns: Yes
Wells Test: Yes

Water

Drilled Well: Yes

Drive

Black Top: Yes

Sewer

Septic: Yes

Parking

11 - 25 Spaces: Yes
Paved: Yes

Possession

At Closing: Yes

Road Surface

Black Top: Yes

Roof

Shingle: Yes

Terms

Cash: Yes
Conventional: Yes

Showing Instructions

24 Hr Notice: Yes
Appt. Only: Yes
See Private Remarks: Yes

Property Features

Basement: Block; Crawl Space Construction: Masonry Exterior Finish: Brick; Wood Cooling: Central Air; Wall Unit Documents on File: Appraiser; Financials; Photographs; Tax Returns; Wells Test Drive: Black Top Extras: Employee; Furnished; Handicap Access; High Traffic Locatn; High Visibility; Highway Access; Kitchen Area; Laundry; Living Quarters; Smoke Detectors; Window Coverings Heating: Baseboard; Electric; Forced Air; Heat Pump; Propane Parking: 11 - 25 Spaces; Paved Possession: At Closing Road Surface: Black Top Roof: Shingle Sewer: Septic Water: Drilled Well Showing Instructions: 24 Hr Notice; Appt. Only; See Private Remarks Terms: Cash; Conventional

Documents

Legal Description ›

Lot Lines ›

Info Sheet ›

Listing Office: Superior Shores Realty

Listing Agent: Melanie Davis

Last Updated: August - 30 - 2024

Information deemed reliable but not guaranteed.

7967 M-123, Paradise, MI 49768 (MLS# 23-99)