17229 Northwood Hwy - Hospitality FOR SALE


Arcadia, MI 49613
$850,000 USD
231-882-4449
17229 Northwood Hwy, Arcadia, MI for Sale
$850,000 USD
Hospitality - FOR SALE
1/35
null | Request Cap Rate

17229 Northwood Hwy
Arcadia, MI 49613


OVERVIEW

The Pleasant Valley Resort is looking for its new owners! Located on scenic M-22, just five blocks from Lake Michigan in Arcadia, this thriving resort has been well maintained and continuously improved by the current owners over the past twelve years. 6 clean, cozy motel rooms, and 4 charming cottages offering the conveniences of home, ensure guests enjoy a relaxing stay. With a reliable base of repeat customers who book through the online reservation system each year, this turnkey property equipped with remote check-in capability is ready for a seamless transition to new management. An onsite owners residence gives you the chance to be a part of the Northern Michigan tourist scene, home to beautiful lakes and rivers, hiking trails, and just a short drive from the renowned Arcadia Bluffs Golf Club, ranked among the Top 100 public golf courses nationwide. Additionally, Crystal Mountain offers four-season fun for all ages. This is your opportunity to enjoy the best of Pure Michigan living in a historic and vibrant community.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$183 USD /SF

# OF ROOMS

10

PRICE/ROOM

$85,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pleasant Valley Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

C

APN/PARCEL ID

51-01-010-030-00

ASK ABOUT THIS PROPERTY

Hayden BretzkeReal Estate OneMore Info
231-882-4449

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Hayden BretzkeReal Estate OneMore Info
231-882-4449

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.