190 E M35
Gwinn,
MI
49841
Property Details
List Price: |
$600,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
7408 |
Agency: |
Call Terry Huffman Co DBA RE/MAX 1st Realty |
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Description/Comments
Lot Size: |
2 acre(s) |
Property Type: |
Commercial |
Year Built: |
1990 |
Notes: |
Here is your chance to be the owner of a recently remodeled well established business. The Model Towne Inn has been in existence since 1990, and the current owners have done a great job of improving this business with a ton of recent improvements. This 18 unit motel is located right in the heart of Gwinn, next to several restaurants, shops and the snowmobile trail. There is a spur right from the motel to the trail. It is also only 6 miles from the Sawyer International Airport. Has on-site laundry, plenty of parking. Since the current owners have taken over this business, there have been significant growth in cash flow, with the profit margin growing 443% and sales increasing 22.38%. This motel is outpacing their competitors in sales and occupancy growth. An independent financial analysis is available as well as internal financial statements and three years of tax returns to well qualified prospective buyers. |
MlsNumber: |
50115135 |
Estimate Your Monthly Payment
Listing Provided By: |
Call Terry Huffman Co DBA RE/MAX 1st Realty, original listing |
Name: |
Call Terry Huffman Co DBA RE/MAX 1st Realty |
Phone: |
(906) 225-1136 |
Office Name: |
RE/MAX 1ST REALTY |
Office Phone: |
(906) 225-1136 |
Agent Name: |
BRADLEY ARGALL |
Disclaimer: |
Copyright © 2024 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |