2702 N Stephenson Ave - Hospitality FOR SALE


Iron Mountain, MI 49801
$1,700,000 USD
562-688-0739
2702 N Stephenson Ave, Iron Mountain, MI for Sale
$1,700,000 USD
Hospitality - FOR SALE
1/21
null | Request Cap Rate

2702 N Stephenson Ave
Iron Mountain, MI 49801


OVERVIEW

Great investment opportunity in Iron Mountain! This motel features 71 rooms (please see the associated docs for more details), a fitness center, a pool room with a 21x41 ft pool, a hot tub with jets (13x7 ft), a sauna (not currently working), a guest laundry room, two private maid closets, a breakfast room, a laundry room, a conference room, and a welcoming lobby area. Additionally, the property includes a separate building with 20 motel rooms units.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$68 USD /SF

# OF ROOMS

71

PRICE/ROOM

$23,944 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Iron Mountain Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

76

LAND DETAILS

LAND ACRES

3.5 AC

LAND SF

152,460 SF

ZONING

C-1

APN/PARCEL ID

051-700-190-01

ASK ABOUT THIS PROPERTY

Henry NettoHenry NettoMore Info
562-688-0739

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Henry NettoHenry NettoMore Info
562-688-0739

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