Queen B Motel | 14221 E 8 Mile Rd
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Queen B Motel 14221 E 8 Mile Rd
17 Room Hotel Warren, MI 48089 $1,400,000 ($82,353/Room)
Investment Highlights
- Updated guest rooms with modern amenities.
- 17-unit motel with various room features.
- Prime location on busy 8 Mile Rd.
- Includes a spacious living area for the owner.
Executive Summary
PRINCIPALS ONLY
SELLER FINANCING AVAILABLE - LAND CONTRACT
17 Unit Independent Motel located on the high traffic count of 8 Mile Rd.,
Warren, Michigan near the major crossroad of Gratiot Avenue.
The property recently received a $200,000 renovation in 2022-2023 of all the guest rooms.
This included new drywall, vinyl flooring, bathrooms, toilets, showers, vanities,
new mattress sets, furniture, televisions, jacuzzi tubs, additional in-room shower units
50% of the rooms with micro/refrigerator units, and all rooms with PTAC Units.
Owner Living Quarters is located behind the front desk and includes a kitchen,
dining room, living room, bathroom, and two bedrooms with a possible third bedroom.
SELLER FINANCING AVAILABLE - LAND CONTRACT
17 Unit Independent Motel located on the high traffic count of 8 Mile Rd.,
Warren, Michigan near the major crossroad of Gratiot Avenue.
The property recently received a $200,000 renovation in 2022-2023 of all the guest rooms.
This included new drywall, vinyl flooring, bathrooms, toilets, showers, vanities,
new mattress sets, furniture, televisions, jacuzzi tubs, additional in-room shower units
50% of the rooms with micro/refrigerator units, and all rooms with PTAC Units.
Owner Living Quarters is located behind the front desk and includes a kitchen,
dining room, living room, bathroom, and two bedrooms with a possible third bedroom.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,400,000 | Building Size | 9,913 SF |
| Price Per Room | $82,353 | No. Rooms | 17 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1960 |
| Property Subtype | Hotel | Parking Ratio | 0.91/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.27 AC |
| Price | $1,400,000 |
| Price Per Room | $82,353 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 9,913 SF |
| No. Rooms | 17 |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.91/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 17 | $50.00 | - |
PROPERTY TAXES
| Parcel Number | 12-13-36-386-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $246,600 |
PROPERTY TAXES
Parcel Number
12-13-36-386-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$246,600
zoning
| Zoning Code | M1 (Light Industrial District) |
| M1 (Light Industrial District) |
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Queen B Motel | 14221 E 8 Mile Rd
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