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- LoopNet Team
1470 E Lead St
Bessemer, MI 49911
The Traveler's Motel · Hospitality Property For Sale · 4,644 SF
Investment Highlights
- Located on main highway in Western Upper Peninsula of Michigan.
- Exemplary reputation--high percentage of repeat business.
- Very well maintained, clean and turnkey operation with proven track record of profitability.
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 4,644 SF |
| Property Subtype | Hotel | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1953/2011 |
| Lot Size | 1.14 AC | Corridor | Exterior |
| Construction Status | Demolished |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.14 AC |
| Construction Status | Demolished |
| Building Size | 4,644 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1953/2011 |
| Corridor | Exterior |
About 1470 E Lead St , Bessemer, MI 49911
A superb opportunity to be your own boss & live in the beautiful Upper Peninsula! Situated on US-2, the profitable Travelers Motel is renowned for its cleanliness, convenience & reasonable prices. Careful maintenance is evident throughout the property inside & out. There are 12 lodging rooms including 10 double bed units & 2 single bed units, 2br/1ba house that is ideal for living qrts or can be rented, plus an attached 1BR/1BA eff apartment w/separate entrance for more living space or rental income. Both the home & apartment have a full poured basement which includes commercial washers/dryers as well as additional living & storage space. Outside, there's a one-car detached garage for more storage. Beautiful landscaping, attractive appearance, stellar reputation & great numbers-if you're looking for a business opportunity Up North that is completely turnkey and ready at a reasonable price, you owe it to yourself to check this one out. Everything needed to get started. Won't last long!
PROPERTY TAXES
| Parcel Number | 51-15-007-400 | Improvements Assessment | $483,341 |
| Land Assessment | $12,042 | Total Assessment | $495,383 |
PROPERTY TAXES
zoning
| Zoning Code | Business (Buyer to Verify) |
| Business (Buyer to Verify) |
Learn More About Investing in Hospitality Properties
