6100 M-68, Indian River, MI 49749 (MLS# 201827386)
6100 M-68, Indian River, MI 49749
$990,000
Property Type:
Commercial
Square Footage:
9,177
Status:
Active
Current Price:
$990,000
List Date:
11/29/2023
Last Modified:
4/29/2024
Description
WATERWAY INN in Indian River. Profitable 4-Season business just renovated with a $252,000 investment. In the heart of the Inland Waterway a year round destination area. Only lodging facility within walking distance of downtown. Two boat launches within .5 mile. 1/2 mile to Burt Lake State Park. 1.25 miles from the Cross in the Woods. Offers extra real estate for building additional buildings. Includes: real estate, furnishings, equipment, business, profitable laundry service and the 3-bedroom owner's living quarters. About 2 acres of land just 300 ft off I-75 and 20 minutes to the best Ski resorts. Close to Petoskey, Harbor Sprints, Bay Harbor, Charlevoix and Mackinaw City. 24 bedrooms and 17 bathrooms. Adjoins snowmobile trails. Negotiable! Allocation of assets to maximize tax benefits.
More Information MLS# 201827386
Contract Information
Current Price: $990,000
Begin Date: 2023-11-29
List Price: $990,000
Status: Active
Property Information
Type: Commercial/Industrial
Realtor.com Type: Commercial
For Sale or Rent: Y
Lot Size Dimensions: 2 Acres
Total Bldg SqFt.: 9177
SqFt Source: Owner
Levels: 2
Bus/Invtry Descrip: Motel/Hotel
School District: Inlandlakes
Location, Tax and Legal
County: Cheboygan
St. #: 6100
Street Name: M-68
State: MI
Zip Code: 49749
In City Limits: Yes
Ownership Status: Owner
Township/City/Village: Tuscarora
Subdivision or T/R: T35N R3W
Directions and Remarks
Directions: M-68 and I-75 in Indian River
Internet Access: Unknown
Sign
Sign: No
Taxes and Possession
Association Dues: No
Property Features
Business Information: Business Opportunity
Present/Ptntl Use: Hotel; Motel
Construction: Frame
Electric: On Site
Gas: On Site
Water: Well
Sewer: Septic
Heat/Air: Electric; Forced Air; Natural Gas
Extras: Laundry
Road: Paved
Drive: Blacktop
Parking: Paved; Parking Lot
Occupant: Owner
Showing Instructions: Appointment Only; Other
Terms: Cash; Conventional Mort
Documents
Brochure Pt. 1 ›Listing Office: Petoskey Real Estate Group
Last Updated: April - 29 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
231-409-9119
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