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Keller Williams

7967 M-123, Paradise, MI 49768

$750,000
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 ...

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

More Information

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
Listing Office: Superior Shores Realty
Listing Agent: Melanie Davis
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.