1520 W US HWY 2 $1,600,000

    Close

    1520 W US HWY 2 Gulliver, MI 49840

    • 8,800 sq. ft.
    • 11.76 Acres
    • Commercial
    • MLS# 472476
    Favorite Share
    Views: 33 Days On Site: 198

    Go Tour This Listing

    Schedule A Showing

    Property Details

    Description Tours

    Nestled next to the serene Cedar Lake, the Adoba Hotel & Suites Dreamland has undergone a complete transformation in 2022. This premier Bread & Bacon restaurant now offers a unique Adoba's proprietary eco-friendly experience throughout the property, creating a delightful haven for travelers seeking the perfect retreat. Key Features: Custom Renovation: Every detail of this 3-bedroom, 2-bathroom home and its 19 exquisite rooms has been meticulously tailored to ensure an eco-friendly ambiance. From the paints on the walls to the beds you sleep in and the floors you walk on, we've considered every aspect for your comfort and the environment's benefit. Renovated Excellence: The property, originally built in 1962, underwent a comprehensive renovation in 2021, bringing it up to modern standards of comfort and sustainability. Room for Growth: With 8,800 square feet of space and additional acreage set aside for over 30 drive-through RV sites, the Adoba Hotel & Suites Dreamland offers an exceptional investment opportunity, poised for expansion. Cutting-Edge Technology: This establishment takes pride in its state-of-the-art technology for marketing, room rate adjustments, and bookings. When paired with our exceptional staff, it ensures a seamless and enjoyable experience for every guest. A Liquor License is also waiting for the next owner in escrow. The Dreamland by Adoba Experience: Your journey to Dreamland in Michigan's Upper Peninsula promises an escape to a world of natural beauty. From the expansive Lake Michigan shorelines to the lush woods, scenic trails, waterfalls, historic lighthouses, and national and state parks, there's no shortage of outdoor adventures. Immerse yourself in the vibrant culture, savor local cuisine prepared by the talented chef husband and wife team, and unwind in eco-friendly luxury. Adoba Hotel & Suites Dreamland is not just a business; it's an opportunity to become a part of the Dreamland community and offer travelers a unique and sustainable

    • General Features
      • Above Ground Sq Footage 8800
      • Acreage 10.01 - 20
      • Approx Year Built 1962
      • Association No
      • County Other
      • Features Cable TV, Refrigerator, Washer, Air-Conditioning, Common Area, Ample Parking, Liquor License, Dryer, Range
      • Heat1 LP Gas, Hot Water Baseboard
      • Total Sq Ft 8800
      • Township Other/See Remar
      • Type1 Business Opportunity, Commercial Building
      • Utilities Underground Utilities
      • Water Well
      • Water Front Water Access Neither
      • Water Heater Electric
    • Building Features
      • Construction Wood Frame
      • Num Of Units 20
      • Roof Asphalt Shingle
      • Stories One
    • Room Features
      • Bedrooms 22
      • Full Bathrooms 21
      • Num Of Restrooms 2
    • Property Features
      • Approx Number Of Acres 11.76
    • Schools
      • School District Misc U.P.
    • Additional Features
      • Current Business Type Hotel / Motel / Resort, Restaurant / Food Service
      • Sewer Septic

    Contact

    Donna Lively

    Donna Lively

    Associate Broker, ABR, RENE, SFR

    RE/MAX LIGHTHOUSE

    Mobile Phone: 231-838-8857

    Neighborhood

    49840 (Gulliver) Demographics

    59 Median Age
    3 Population Density (per sq. mile)
    37% College Educated
    $54,688 Estimated Median Income
    249 Estimated Total Home Owners
    22 Estimated Total Renters
    92% / 8% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    578 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    2 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,600,000
        10/13/2023 9:51:00 PM New in Database Source: Multiple Listing Service New Value: $1,600,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

        The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLSX). Real estate listings held by brokerage firms other than RE/MAX of Michigan are marked with the NM-MLSX logo and the detailed information about said listing includes the listing office.

        All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor RE/MAX of Michigan shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Northern Michigan MLS, Inc © All rights reserved.

        NM-MLSX (IDX) information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing



        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.