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

This exceptional property boasts 71 meticulously designed guest rooms, each offering comfort and style, along with a wide array of luxurious amenities. Guests can enjoy a fully-equipped fitness center, a dedicated breakfast room, convenient laundry facilities, a spacious conference room for business meetings, and a soothing sauna for ultimate relaxation. Situated within a B-2 zoning district, the property benefits from being in a Community Business District, allowing for a diverse range of businesses and entertainment activities. B-2 zones are strategically designed to cater to the needs of local residents as well as the traveling public, offering great flexibility for future development. Offered at an attractive price of $1,700,000, this is a prime investment opportunity with substantial potential. For more information or to arrange a viewing, please contact me directly at (562) 688 - 0739.

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

B-2

APN/PARCEL ID

051-700-190-01

ASK ABOUT THIS PROPERTY

Henry NettoHenry NettoMore Info
562-688-0739

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

Henry NettoHenry NettoMore Info
562-688-0739

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