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Wood n Water Real Estate

7967 M-123, Paradise, MI 49768 (MLS# 23-99)

$750,000
7967 M-123
Paradise, MI 49768
MLS# 23-99
Status: Sold
7816 sqft
New Signage 2022 with perennial plantings
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New Signage 2022 with perennial plantings Tahquamenon Suites Lodging - 8 vacation suites and an 1800 sq ft home. This is the highest rated hospitality business in Paradise. North Building-Ample Parking, Three Suites and Laundry Room North Building with cut stone fireplace and perennial garden North Building with cut stone fireplace and perennial garden Suite #8 -- newest addition in 2022. Over 800 sq ft with electric fireplace, two TVs, kitchen, glass shower, separate King bedroom. Suite #8 Kitchen wall with Living Room beyond Suite #8 Dining Suite #8 Bedroom with all new furnishings Suite #8 with custom crafted headboard Suite #8 Bunk Beds Suite #8 -- new in 2022, Bathroom has glass shower enclosure Suite #7 - 700 sq ft XL Suite Suite #7 - Accommodates 6 guests with custom-made bedroom furniture Suite #7 Kitchen wall Suite #7 - Accommodates 6 guests with custom-made bedroom furniture Suite #6 - Two-room suite with full kitchen and separate bedroom Suite #6 - ADA accessible Suite #6 - ADA accessible bathroom North Building Guest Laundry Room South Building-Five 1BR Vacations Suites and Laundry/Utility Room Custom made cedar outdoor furniture in front of every suite Suites #1-5 Kitchen/Dining/Living Room-Rooms 1-5 Suites #1-5 Kitchen/Dining/Living Room-Rooms Newer Sleeper Sofas in Suites #1-7 Full Kitchens in Suites #1-5 with Maple Cabinetry, Range Ovens and microwaves. South Building entrance detail Suites #1-5 Bedrooms. All have queen beds and custom crafted bedroom furniture Suites #1-7 Custom made bedside tables Suites #1-5 Bedroom Suites #1-7 Custom made beds Suites #1-5 Bedroom Suites #1-7 Custom crafted dressers Suites #1-5 Full Bathroom South Building Laundry/Utility Room. Each Suite is set up to be individually metered 1800 sq ft, 3 BR and 2 BA home 1800 sq ft home -- Foyer has been used as motel office reception 1800 sq ft home -- Foyer has been used as motel office reception 1800 sq ft home -- Open Kitchen, Dining Room and Living Room 1800 sq ft home -- spacious kitchen 1800 sq ft home -- spacious kitchen 1800 sq ft home -- spacious kitchen 1800 sq ft home -- Great space for an upright freezer 1800 sq ft home -- Propane wall furnace 1800 sq ft home -- Open Kitchen, Dining Room and Living Room 1800 sq ft home -- Dining Room 1800 sq ft home -- Living Room 1800 sq ft home -- Primary Bedroom with full bath (includes whirlpool tub, shower and vanity) 1800 sq ft home -- Bedroom 2 1800 sq ft home -- Bedroom 3 1800 sq ft home -- Bathroom 2 1800 sq ft home -- Laundry Room with W/D hookup 1800 sq ft home -- Propane Furnace. Home also has Rental A/C With more than five acres there is plenty of room to expand.

Property Description
Catch the wave of tourism in Michigan's Upper Peninsula with this turnkey business. #1 rated hospitality business in Paradise with a strong online presence. Great opportunity for YOU; seller is retiring. Listed below 2023 appraised value. Start making money from day one. Great location in Paradise, gateway to Tahquamenon Falls and iconic Whitefish Point. Successful & profitable Tahquamenon Suites Lodging features 8 air-conditioned vacation suites with kitchens. 1800 sq. ft., 3 BR, 2 BA home with central A/C. 270 ft road frontage on high traffic M-123. 5.13 acres with 3+ acres of untouched mature woods with possibilities for expansion. Direct snowmobile and seasonal ORV trail access. Seller is a licensed MI real estate broker.

Details
Documents
Contract Information
For Sale or Rent: Sale
Current Price: $750,000
List Date: 2023-01-31
List Price: $750,000
Status: Sold
Property Information
Type: Business
Realtor.com Type: Commercial
Present Use: Hotel/Motel
Possible Use: Hotel/Motel
Building SqFt: 7501 & Up
Age: 50+
Lot Size: 5.13 Acres
Waterfront: No
# Parking Spaces: 20+
What's Included: Furnishings, Name, Good Will
Duplicate: No
Total SqFt.: 7816
Lot Dimensions: 270x835approx
Location, Tax and Legal
School District: Whitefish
Special Assessment: N
Directions and Remarks
Directions: Property is located 0.4 mile south of the intersection of M-123 and Whitefish Point Rd (blinker light in Paradise) on M-123, west side of the road.
Hot Sheet Comment: new
Basement
Block: 1
Crawl Space: 1
Extras
Employee: 1
Furnished: 1
Handicap Access: 1
Highway Access: 1
High Traffic Locatn: 1
High Visibility: 1
Kitchen Area: 1
Laundry: 1
Living Quarters: 1
Smoke Detectors: 1
Window Coverings: 1
Construction
Masonry: 1
Exterior Finish
Brick: 1
Wood: 1
Heating
Baseboard: 1
Electric: 1
Forced Air: 1
Heat Pump: 1
Propane: 1
Cooling
Central Air: 1
Wall Unit: 1
Documents on File
Appraiser: 1
Financials: 1
Photographs: 1
Tax Returns: 1
Wells Test: 1
Water
Drilled Well: 1
Drive
Black Top: 1
Sewer
Septic: 1
Parking
11 - 25 Spaces: 1
Paved: 1
Possession
At Closing: 1
Road Surface
Black Top: 1
Roof
Shingle: 1
Terms
Cash: 1
Conventional: 1
Showing Instructions
24 Hr Notice: 1
Appt. Only: 1
See Private Remarks: 1
Location Tax and Legal
Area: 52 - Paradise & Tahquamenon Areas
Unit #/St #/Space #: 7967
Street Name: M-123
State: MI
Zip Code: 49768
County: CHIPPEWA
Tax ID: 016-227-041-50;227-041-00;222-006-00;222-001-10
Sold Info
Sold Date: 2023-06-08
Property Features
Basement: Block; Crawl Space
Construction: Masonry
Exterior Finish: Brick; Wood
Cooling: Central Air; Wall Unit
Documents on File: Appraiser; Financials; Photographs; Tax Returns; Wells Test
Drive: Black Top
Extras: Employee; Furnished; Handicap Access; High Traffic Locatn; High Visibility; Highway Access; Kitchen Area; Laundry; Living Quarters; Smoke Detectors; Window Coverings
Heating: Baseboard; Electric; Forced Air; Heat Pump; Propane
Parking: 11 - 25 Spaces; Paved
Possession: At Closing
Road Surface: Black Top
Roof: Shingle
Sewer: Septic
Water: Drilled Well
Showing Instructions: 24 Hr Notice; Appt. Only; See Private Remarks
Terms: Cash; Conventional
Supplements
Complete renovation of all buildings in 2014 with new interiors, electrical, plumbing, heating. 2 of 3 roofs new in 2020. New pavement in 2016. Septic's are pumped yearly. New well pump 2022. Water treatment system in place. Most bedroom furniture was custom-made by a local craftsman. Walking distance to Paradise restaurants and shops. The property has been well-maintained and features perennial plantings plus an expansive central lawn which could be used for campsites, festivals, farmer's market, covered pavilion, etc. Furnishings, equipment, linens, name, website, goodwill & future bookings are all included in the sale. Website-integrated, cloud-based booking system w/third-party interface could be continued. Hotel is currently being ran by the owner with contact free check in. Operations could easily bridge to absentee owner/vacation rental format. Owner is willing to assist in transition with new owner.
Listing Office: Superior Shores Realty
Listing Agent: Melanie Davis

Last Updated: August - 30 - 2024

Information deemed reliable but not guaranteed.

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