Skidway Lake Motel - 5341 Acorn Lane Prescott, MI

Hospitality for Sale
Also listed as Business Opportunity, Special Purpose
Catylist Listing ID: 30761099
Property Subtypes: Motel, Other
Number of Units: 7 Units
Building Size (RSF): 6,500 SF
Gross Building Area: See Agent
Gross Land Area: 0.69 Acres
Sale Price: $169,900
Unit Price: $24,271.43 Per Unit
Ceiling: 8 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Skidway Lake Motel
Name of Establishment: Skidway Lake Motel
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/23/2021

Overview / Comments

Skidway Lake Motel

Sale includes (3) Real Estate parcels with buildings and structures.

Including (4) Unit Motel Building
(2) Free Standing Cabins (private entry/ 1 bdrm/ 1 bath/ kitchenette)
(1) Single Family Residence w/ updated flooring. Being used as main office.
(1) 3.5 car garage w/ wood burner & half bath

Sale also Includes:
- Book of Business & Future Schedule
- All inventory /assets for Motel
-All furnishings and personal property items for business operation
- Business Website

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $3,400 (Annual)
Assessed Value - Total($) $69,500 (Annual)

Additional Details

Nearest MSA: Houghton
County: Ogemaw
Tax ID/APN: 01021001500
Zoning: 401- RESIDENTIAL
Property Located Between: South of 10 (Country HWY F 18) East Greenwood Road and West of 21 (Henderson Lake Rd)
Property Visibility: Fair
Largest Nearby Street: Country HWY F 18 ( East Greenwood Road)
Feet of Frontage: 151
Site Description: Skidway Lake Motel Sale includes (3) Real Estate parcels with buildings and structures. Including (4) Unit Motel Building (2) Free Standing Cabins (1) Single Family Residence (1) 3.5 car garage Sale also Includes: - Book of Business & Schedule - All inventory /assets for Motel -All furnishings and personal property items for business operation
Nearby Attractions: Skidway Lake Mills Lake Cranberry Lake Black Lake Lost Lake Bush Lake Feeding Ground Lake
Total Number of Buildings: 5
Number of Stories: 1
Property Condition: Good
Construction/Siding: Aluminum Siding, Brick/Vinyl Siding, Brick/Aluminum Siding, Wood Frame
Total Parking Spaces: 14
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Wall Units
Air Conditioning: Window Unit
Internet Access: Cable
Lot Frontage: 151
Water Service: Well
Sewer Type: Septic
Legal Description: ML-S 15 12/82 1ST ADD TO WALTERS OAK PARK. LOT 15 ML-S 13 11-83 1ST ADD TO WALTERS OAK PARK LOTS 13 & 14. ML-S 09 1ST ADD TO WALTERS OAK PARK LOT 9.

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,766 2,766 7,087
Median Age: 43.46 43.46 46.35
Households: 1,168 1,168 2,972

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.