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105 W Cloverland 18 Room Motel

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ID: 41
105 W Cloverland 18 Room Motel
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$495,000.00
Earnest Money Deposit: $25,000

(Currently Sold Out. Inquire for availability)
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Property Description

Introducing "The Cloverland Inn" located at 105 W. Cloverland Dr, Ironwood, MI 49938. This charming motel, built in 1988, boasts a total of 18 rooms across a 7,272 sq. ft. building. The property has generated consistent income over the last three years, with gross incomes of $140,412 in 2021, $142,751 in 2022, and $91,227 in 2023.

Featuring an on-site office and managers' quarters, this two-story motel offers a cozy and welcoming atmosphere for guests. The Coldwell Banker Commercial AMH presents this excellent investment opportunity with an asking price of $495,000. With a prime location and well-maintained facilities, "The Cloverland Inn" is ready for new owners to step in and continue its legacy of providing comfortable accommodations to visitors.

Don't miss out on this chance to own a profitable motel in the heart of Ironwood, Michigan.

BUILDING INFORMATION

  • 7,272
  • $68.07
  • 18
  • 18
  • 1988
  • 2019
  • 1
  • 2
  • 21,780
  • $27,500

PROPERTY TYPE

  • Hospitality
  • Motel
  • 100%