7642 US Highway 131 - Hospitality FOR SALE


Cadillac, MI 49601
$9,500,000 USD
231-941-1777
7642 US Highway 131, Cadillac, MI for Sale
$9,500,000 USD
Hospitality - FOR SALE
1/7
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7642 US Highway 131
Cadillac, MI 49601


OVERVIEW

NEW LISTING/PRINCIPLES ONLY. The three-story Holiday Inn Express & Suites opened January 2002 with 70 rooms, 16 suites, elevator, indoor pool & spa, breakfast room, fitness center, business center, and commercial laundry. Each room features premium bedding, desk and chair, television w/HBO, refrigerator, microwave, coffee maker, hairdryer, iron/ironing board, and guest laundry. The parking lot is well-lighted and accommodates bus, truck, and RV parking. The hotel site contains approximately 2.47 acres of land, and the grounds are professionally landscaped with small trees, occasional plants, and shrubbery. The property has excellent visibility and accessibility, and enjoys close proximity to the Downtown Business District of Cadillac offering a variety of dining and entertainment opportunities. Additional attractions near the hotel include the Wexford Civic Center (home of “The Wex” ice area), Baker College of Cadillac, Cadillac Country Club, and Mitchell State Park on beautiful Lake Michell. Nearby is Lake Cadillac offing many popular water activities, including boating and fishing. Millions of acres are ready to explore in the Per Marquette State Forest and the Manistee National Forest.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$150 USD /SF

# OF ROOMS

70

PRICE/ROOM

$135,714 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Cadillac

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2002

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.47 AC

LAND SF

107,593 SF

ZONING

Ts-1

APN/PARCEL ID

2109-09-4104

ASK ABOUT THIS PROPERTY

Meril DeanSmith Dean BurgettMore Info
231-941-1777

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Meril DeanSmith Dean BurgettMore Info
231-941-1777

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