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8306 S US-131 $390,000

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    8306 S US-131 Mancelona, MI 49659

    • 0 Beds
    • 0 Baths
    • 10,500 sq.ft.
    • Multi-Family
    MLS# 1854483 | Active

    $390,000

    Market Estimate
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    Days On Market: 87 5 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 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 include motel laundry room, 24' pole barn, and 2 story storage hut. All furnishings and fixtures included.

    • General Features
      • Property Type Other
      • Mineral Rights Unknown
      • Township Mancelona
      • Type of Ownership Private Owner
      • Approx Year Built 1980
      • Type Multi-Family
    • Building Features
      • Exterior Finish Vinyl Siding, Brick
      • Appliances Equipment Refrigerator, Oven/Range, Dishwasher, Washer, Dryer
      • Additional Buildings Garden/Storage Shed
      • Heating Cooling Sources Natural Gas, Electric
      • INTERIOR FEATURES None
      • Fireplace And Stoves None
      • Heating Cooling Type Wall
      • Primary Garage Detached
      • Roof Asphalt
      • Style Apartment
      • TV Service/Internet Available Cable TV
      • Total FINISHED SF Apx 10,500
      • Total # Units 28
    • Room Features
      • A Bath 26
      • A Bdrm 26
      • B Bdrm 2
      • C Apx SQFT 1456
      • C Bath 2
      • C Bdrm 3
    • Property Features
      • Number of Acres 2.76
      • Road Public Maintained, Blacktop
      • Water Features None
      • Water Municipal
      • Lot Dimensions 236x360x250x460x140 irr
      • Construction Brick, Frame
      • Development Amenities None
      • Sewer Private Septic
    • Schools
      • School District Mancelona Public Schools

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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 1:31:18 AM Status Changed Source New Value: Active
        1/7/2019 8:31:32 PM Price Reduced Source New Value: $390,000 -2.26%
        1/7/2019 8:31:32 PM Status Changed Source New Value: Price Change
        10/29/2018 4:31:16 AM Status Changed Source New Value: Active
        10/26/2018 1:32:00 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.