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8306 S US-131 $390,000

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    8306 S US-131 Mancelona, MI 49659

    • 2.76 Acres
    • Commercial
    MLS# 1854482 | Active

    $390,000

    Market Estimate
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    Days On Market: 87 1 Views
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    Property Details

    Business opportunity of a lifetime! 26-unit motel, house and apartment on the corner of busy US131 and M66 in the heart of northern Michigan! This motel is the only motel for miles, and is located on 2.76 acres with a split available. This building has had a long time steady business year round and is within an hour of Gaylord, Traverse City, Petoskey, and Charlevoix. In addition to the 26 busy rooms, this property includes a nice 3 bedroom 1500 square foot home, as well as a large 2 bedroom apartment right behind the front desk. The rooms are clean and cozy. It is convenient to all northern Michigan recreation including lakes and rivers, golfing, skiing, and hunting. It is located near outstanding snowmobile trails. Total square footage is 10,500. The original 8 rooms were built in 1958, and have 2918 square feet. The remainder of the hotel was built in the 1980's and includes 6116 square feet. The 2001 manufactured home is 1456 square feet, and includes 3 bedrooms and two bathrooms. Also includes motel laundry room, 24' pole barn, and 2 story storage hut. All furnishings and fixtures included.

    • General Features
      • Licenses None
      • Included In Lease None
      • Business Incl Yes
      • Business Name Mancelona Motel
      • Type of Ownership Private Owner
      • Approx Year Built 1980
      • Type Hospitality
      • Town T 29N
      • Township Mancelona
      • Present Use Recreational/Resort
    • Building Features
      • Extras Furniture/Fixtures, Additional Buildings
      • Heating Cooling Source Natural Gas, Electric
      • Roof Asphalt
      • Heating Cooling Type Wall
      • # Restrooms 30
      • Apx Total Fin SQFT 10,500
    • Property Features
      • Water Municipal Water
      • Vacant Land No
      • Univs Design/Barrier Free Main Floor Access
      • Road Public Maintained, Blacktop
      • Sewer Private Septic
      • Parking Common, Paved, Parking Lot
      • Exterior Features Vinyl, Brick
      • Construction Brick, Frame
      • Lot Dimensions 236x360x250x460x140 irr
      • Location Corner Lot, Freestanding

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    Neighborhood

    49659 (Mancelona) Demographics

    43Median Age
    41Population Density (per sq. mile)
    17%College Educated
    $40,896Estimated Median Income
    2,359Estimated Total Home Owners
    386Estimated Total Renters
    86% / 14%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    6,838Total Population

    Market Last 30 Days

    $59,000 Median Sales Price
    4 Homes Sold
    11 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $390,000
        1/10/2019 1:31:16 AM Status Changed Source New Value: Active
        1/7/2019 8:31:29 PM Price Reduced Source New Value: $390,000 -2.26%
        1/7/2019 8:31:29 PM Status Changed Source New Value: Price Change
        10/29/2018 4:31:14 AM Status Changed Source New Value: Active
        10/26/2018 12:32:00 PM New in Database Source New Value: $399,000

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        The data relating to real estate for sale on this web site comes in part from the Internet Data exchange ("IDX") program of Northern Great Lakes REALTORS MLS. All information is provided exclusively for the 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.