$299,000
Newberry, MI 49868
MLS# 20-852
Status: Sold
5324 sqft
1 / 25
Property Description
Great Business Opportunity! The Knollwood Inn is a 16 unit motel with a restaurant/kitchen and living quarters. The motel sits on 6.82 acres and is located next to the snowmobile trail on M-28. The seller has updated all the rooms over the past 6 years. The kitchen and dining is not currently open but the motel units are open for business. The kitchen comes with the equipment for serving breakfast, lunch and dinner. The motel has its won laundry and the living quarters is a separate home. The home has 3 bedrooms and 2 bath with a heated garage and the roof is new. The acreage is high ground. The motel has repeat business each year. Terms Available
Details
Documents
Contract Information
For Sale or Rent: Sale
Current Price: $299,000
List Date: 2020-08-28
List Price: $299,000
Status: Sold
Property Information
Type: Business
Realtor.com Type: Commercial
Present Use: Hotel/Motel
Possible Use: Mixed Use
Building SqFt: 5001 - 7500
Age: 50+
Lot Size: 6.82 acres
Waterfront: No
User Defined 15: No
# Parking Spaces: 25
What's Included: All Furnishing and Equipment
Duplicate: No
Total SqFt.: 5324
Lot Dimensions: 450x660
Location, Tax and Legal
School District: Tahquamenon
Special Assessment: N
Homestead Y/N: Partial
Directions and Remarks
Directions: Located on State Highway M-28 just east of the corner of M-123 and M-28 in Newberry
Hot Sheet Comment: price
Book Msg 2: *** PRICE REDUCED ***
Basement
Crawl Space: 1
Extras
Furnished: 1
Highway Access: 1
Kitchen Area: 1
Laundry: 1
Landscaped: 1
Living Quarters: 1
Restaurant: 1
Construction
Wood Frame: 1
Heating
Baseboard: 1
Electric: 1
Forced Air: 1
Natural Gas: 1
Documents on File
Business License: 1
Financials: 1
Water
Drilled Well: 1
Drive
Black Top: 1
Sewer
Township: 1
Parking
11 - 25 Spaces: 1
Possession
At Closing: 1
Negotiable: 1
Roof
Shingle: 1
Terms
Cash: 1
Conventional: 1
Showing Instructions
Appt. Only: 1
See Private Remarks: 1
Location Tax and Legal
Area: 42 - McMillan, Newberry and Soo Junction Areas
Unit #/St #/Space #: 13467
Street Name: M-28
State: MI
Zip Code: 49868
County: LUCE
Tax ID: 004-003-013-0600
Sold Info
Contingent: Active w/Contingencies
Sold Date: 2021-11-17
Property Features
Basement: Crawl Space
Construction: Wood Frame
Documents on File: Business License; Financials
Drive: Black Top
Extras: Furnished; Highway Access; Kitchen Area; Laundry; Landscaped; Living Quarters; Restaurant
Heating: Baseboard; Electric; Forced Air; Natural Gas
Parking: 11 - 25 Spaces
Possession: At Closing; Negotiable
Roof: Shingle
Sewer: Township
Water: Drilled Well
Showing Instructions: Appt. Only; See Private Remarks
Terms: Cash; Conventional
Maps 
Listing Office: Cummings-McCraney
Listing Agent: Betsy Costa
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.