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Park Drive Motel 22400 Plymouth Rd

21 Room Hotel Detroit, MI 48239 $1,050,000 ($50,000/Room)

Investment Highlights

  • 21-Room Exterior Corridor Hotel Is an Ideal Opportunity for an Owner-Operator, Complete With Onsite Living Quarters for Management and Oversight
  • The Offering Presents the Potential to Enhance Operations, Modernize the Property, and Capitalize on Below-Market Rates to Drive Further Revenue
  • Property Is Offered Fee Simple and Unencumbered by Any Management or Debt
  • Offered at $1,050,000, The Property Presents a Compelling Entry Point for Investors Seeking Value-Add Potential
  • Underperforming the Market – Offers Upside to Increase Room Revenue to Meet Market Standards

Executive Summary

Marcus & Millichap's Hospitality Division is pleased to exclusively offer the Park Drive Motel in Redford, Michigan—an exceptional investment opportunity for discerning hotel investors. Priced at $1,050,000, or $50,000 per key. This independent, single-story motel with 21 rooms presents upside potential in a growing market.
Located at 22440 Plymouth Road, the property offers prime visibility and accessibility, sitting just under a mile from U.S. Route 24 and less than 15 miles from Detroit Metropolitan Wayne County Airport. Redford’s position within the Detroit-Warren-Dearborn Metropolitan Statistical Area (MSA), one of the largest and most economically significant regions in the U.S., positions this asset in a high-demand market. The Detroit MSA is a key hub for industries such as healthcare, technology, education, and automotive, with nearby corporate giants like Ford Motor Company (6.6 miles) and General Motors (14.8 miles) driving continuous economic growth.
The Park Drive Motel's location provides seamless access to key regional hubs—15 miles from Detroit, 50 miles from Flint, and 100 miles from Toledo, Ohio—via major interstates.
Given the assets location, the motel is well-positioned to capitalize on consistent foot traffic. Corporate, educational, and healthcare institutions are located nearby, including Wayne State University (12.2 miles), University of Michigan-Dearborn (4.8 miles), Garden City Hospital (5.3 miles), and Corewell Health Dearborn Hospital (8.8 miles). These key institutions not only support long-term growth but also ensure a steady stream of nearby travelers.
Leisure attractions near the property further bolster its year-round occupancy potential. Guests have easy access to the Fairlane Town Center (5.5 miles), a retail destination with 10 million annual visitors, and cultural landmarks such as the Henry Ford Museum of American Innovation (7.6 miles), which draws over 400,000 visitors per year. Outdoor enthusiasts can visit nearby Glenhurst Golf Course (4.8 miles), Rouge Park (2 miles), and Roosevelt Park (3.7 miles), adding to the hotel's diverse guest profile. Additionally, Comerica Park (14.2 miles), home to the Detroit Tigers, regularly draws 30,000 fans per game, while downtown Detroit (14.9 miles) remains a bustling hub of tourism, business, and culture.
This property offers an exceptional value-add opportunity for investors. With the potential for operational enhancements and targeted property upgrades, there is significant room to elevate the guest experience, boost occupancy, and increase ADR (Average Daily Rate). Cosmetic improvements, modernized amenities, and refreshed room features will further leverage the hotel's prime location, driving both revenue growth and asset appreciation. By applying strategic management practices and capitalizing on the high local demand, this property is well positioned for strong financial returns. Given its location and proximity to key demand generators, the Park Drive Motel stands out as an ideal investment for those seeking a well-located asset with substantial revenue potential.

Property Facts

Price $1,050,000
Price Per Room $50,000
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.61 AC
Building Size 9,395 SF
No. Rooms 21
No. Stories 1
Year Built 1952
Parking Ratio 2.13/1,000 SF
Corridor Exterior

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 21 $70.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22-0055724
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$65,300

zoning

Zoning Code B4 (General Business District)
B4 (General Business District)
  • Listing ID: 33521798

  • Date on Market: 7/8/2024

  • Last Updated:

  • Address: 22400 Plymouth Rd, Detroit, MI 48239

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