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620 N Lincoln

Escanaba, MI 49829
  • $1,695,000
  • STATUS: Active
  • ON SITE: 276 Days
  • MLS #: 50119928
$1,695,000
  • 0
    BEDS
  • 0.73
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,790
    SQFT
  • $115
    $/SQFT
Neighborhood:
Type:
Business Opportunity
Built:
2001
County:

School Ratings & Info

Description

Uncover an exciting business prospect with this Boutique Hotel nestled in a prime Escanaba location. Family-owned and boasting 15,000 square feet of floor space, priced at an unbeatable $113.00 per square foot"far below current market construction costs"this property presents a golden opportunity. Featuring 33 rooms, each upgraded with new air conditioning units, some new carpeting, refrigerators, and microwaves, this hotel caters to diverse needs. With 8 Queen Singles, 4 King Singles, 3 King Suites, 17 Queen Doubles, and 1 Apartment, it's equipped for various clientele. Beyond its current charm, envision the potential to transform this property into an Airbnb, tapping into the influx of travelers exploring our picturesque area. The added bonus of an apartment or living quarters on-site provides the flexibility to be your own boss or generate extra income through rentals. Seize the moment to own a piece of this flourishing hospitality venture. Contact us now to schedule a viewing and explore the endless possibilities this Boutique Hotel offers.

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[MiRealSource] logo ©2024 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kelder Group LLC. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2024-05-26T22:49:58.807.
www.kelder.com/homes/142748606
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620 N Lincoln Escanaba, MI 49829

  • Price: $1,695,000
  • Status: Active
  • On Site: 276 Days
  • MLS #: 50119928
0
Beds
0
Baths
0
½ Baths
0.73
Acres
14,790
SQFT
$115
$/SQFT
2001
Built
Neighborhood:
Escanaba (21010)
County:
Delta
Area:
Escanaba (21010)
Property Description
Uncover an exciting business prospect with this Boutique Hotel nestled in a prime Escanaba location. Family-owned and boasting 15,000 square feet of floor space, priced at an unbeatable $113.00 per square foot"far below current market construction costs"this property presents a golden opportunity. Featuring 33 rooms, each upgraded with new air conditioning units, some new carpeting, refrigerators, and microwaves, this hotel caters to diverse needs. With 8 Queen Singles, 4 King Singles, 3 King Suites, 17 Queen Doubles, and 1 Apartment, it's equipped for various clientele. Beyond its current charm, envision the potential to transform this property into an Airbnb, tapping into the influx of travelers exploring our picturesque area. The added bonus of an apartment or living quarters on-site provides the flexibility to be your own boss or generate extra income through rentals. Seize the moment to own a piece of this flourishing hospitality venture. Contact us now to schedule a viewing and explore the endless possibilities this Boutique Hotel offers.
Exterior Features

Exterior Construction Vinyl Siding Foundation Type Slab Frontage 156 Lake Name none Location Main Street Lot Description Downtown Dev Authority Lot Size 156x30x10x180x207x154 Parking 21+ Spaces Roads City/CountyPaved StreetU.S. HighwayYear Round Roofing Asphalt Site Depth 154 Water Features None Waterfront YN No

Interior Features

Basement YN No Commercial Ceiling Height 16-20 Feet Commercial Features 2 Phase PowerADA AccessibleAlleyBathCable Internet InstalledCable TV AvailableCafe/KitchenCarpetFixturesFurnitureHandicap ElevatorHoistsLiving QuartersLiving Quarters AttachedMeeting RoomsPublic RestroomsReception AreaRestroom(s)Security EquipmentSprinkler SystemTelephoneVinyl/Laminate FloorsSmoke/Fire Alarm Cooling System Central A/C Fuel Type Natural Gas Heating System Forced Air Water Heater Electric

Property Features

Additional Documents YN No Assessments YN No Business Type Hotel/Motel Commercial Type Business Environmental Condition YN No Financial Terms CashCommercial LoanConventional Lease Information Pets Allowed Lease YN No License Available YN Yes License Type Hotel Municipality Escanaba Ownership Private Present Licenses Other-See Remarks Sale Includes Business and Real EstateBusiness OnlyInventoryLiving QuartersReal Estate OnlySupplies Sewer Septic Public At Street Sq Ft Source Assessors Data Subject To Short Sale Approval No Summer Tax Amount 10742.65 Summer Tax Year 2023 Taxable Value 339600 Total Tax Amount 20310.13 Total Tax Year 2023 Type 5 or More UnitsInvestmentOffice Water Public Water Winter Tax Amount 9567.48 Winter Tax Year 2022 Zoning Commercial

Listing courtesy of KEY REALTY DELTA COUNTY LLC : 906-233-7455.

Source MLS: MiRealSource
Originating MLS: Upper Peninsula Assoc of Realtor

[MiRealSource] logoProvided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.


[MiRealSource] logo ©2024 MiRealSource (Michigan Multiple Listing Service). All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Kelder Group LLC. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Data last updated: 2024-05-26T22:49:58.807.
 
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The Kelder Group LLC
9284 Lapeer Rd.
Davison MI, 48423