Iron Mountain Inn | 2702 N Stephenson Ave
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Iron Mountain Inn 2702 N Stephenson Ave
71 Room Hotel Iron Mountain, MI 49801 $1,700,000 ($23,944/Room)
Executive Summary
Great investment opportunity in Iron Mountain! This motel features 71 rooms (please see the associated docs for more details), a fitness center, a pool room with a 21x41 ft pool, a hot tub with jets (13x7 ft), a sauna (not currently working), a guest laundry room, two private maid closets, a breakfast room, a laundry room, a conference room, and a welcoming lobby area. Additionally, the property includes a separate building with 20 motel rooms units.
Property Facts
| Price | $1,700,000 | Building Size | 24,852 SF |
| Price Per Room | $23,944 | No. Rooms | 71 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1987/2005 |
| Property Subtype | Hotel | Parking Ratio | 3.06/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 3.50 AC |
| Price | $1,700,000 |
| Price Per Room | $23,944 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.50 AC |
| Building Size | 24,852 SF |
| No. Rooms | 71 |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2005 |
| Parking Ratio | 3.06/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $81.00 | - |
| Guest Room | 67 | $72.00 | - |
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PROPERTY TAXES
| Parcel Number | 051-700-190-01 | Improvements Assessment | $0 |
| Land Assessment | $408,700 | Total Assessment | $408,700 |
PROPERTY TAXES
Parcel Number
051-700-190-01
Land Assessment
$408,700
Improvements Assessment
$0
Total Assessment
$408,700
zoning
| Zoning Code | C-1 (Commercial Zoned District) |
| C-1 (Commercial Zoned District) |
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Iron Mountain Inn | 2702 N Stephenson Ave
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