5692 N US 31 Highway, Levering
Listing Details
Terms Available! LOCATION NOT TO MISS~The Levering Motel features 13 total rentals, with 11 studio rooms, 1 larger corner unit, attached house/office unit, Paved open parking court, maintenance shed and on site coin-op laundry. 11.5% Cap Rate. Excellent rental history with high year round occupancy. Keep the building as individual rental units or convert back to motel for seasonal tourist income. B-2 zoning offers amazing potential opportunities for this 1 acre parcel. This high visibility location is just minutes to Pellston Airport, Mackinaw City, Casinos, Lakes and Parks. Step right in to this turnkey rental business and level up!
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5692 N US 31 Highway
Levering MI, 49755
$495,000
- Bedrooms 14
- Square Ft 4,760
- Acres 1.10
- School District Pellston
- County Emmet
- Water View No
- Waterfront No
- Type Commercial/ Industrial
- Subtype Commercial Building, Hotel / Motel
- Zoning B-2
- Current Business Hotel / Motel / Resort
- Year Build 1971
- Water Well
- roof Asphalt Shingle
- window Insulated
- water heater Propane
- sewer Septic
- utilities Electricity
- # of Units 13
- stories One
- Other Buildings Shed
- heat Electric Baseboard
- Features Off-Street Parking, Paved Roads
- Construction Wood Frame
- Basement Slab
- Listing Courtesy of Sue Louiselle, Broker
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