1602 E US 2 $240,000

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    1602 E US 2 Wakefield, MI 49968

    Sold
    SOLD 8/6/2021

    $240,000

    Market Estimate
    • Commercial
    • MLS# 1119172
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    Views: 122

    Property Details

    This establish motel lodging property is for sale without income and expense information as the owner has been semi retired in 2019. I and E on file. The building has 9 units currently being used as rental income producing with 8 other rooms used presently as the owners homestead. The 8 rooms not being used as income producing can be retrofitted back to usable income producing nightly lodging rooms with additional furnishings. Each rental room has a full bathroom with large shower. There is a full kitchen area used by the owner only. A 2 stall attached garage with electric remote garage doors, an electric sauna area used by guests and a detached outdoor shed is included. There is a large 20' x 44' deck attached to the building facing the south for guest use. 4 natural gas forced air furnaces heat the facility and each furnace has an air conditioner for cooling with thermostats in each and every room- 26 zones. A cozy 400 sf 2 story sitting area with a natural gas fireplace is in the center of the building used by guests which gives the look and feel of a lodge. The location of this facility for sale is the east edge of the town in the city of Wakefield with trail access out your door to the snowmobile and ATV railroad grade running east and west thru the western Upper Peninsula of Michigan. This facility is for sale turn key with 9 rooms uniquely furnished as nightly lodging units and if the new owner wants can retro the other 8 unused rooms for nightly lodging very easily. This facility is near Indianhead Ski Mountain and Blackjack Ski Hill, Sunday Lake and the Porcupine Mountain State Park near Lake Superior. Did I say city water and sewer? YES it does have those.

    • General Features
      • ACCESSIBILITY OPTIONS Access-Bathroom Sink,Covered Entrance,Grab Bar Bath(s),Low Threshold Shower,Ramped Entrance,36 Inch Entrance Door,Main Floor Laundry
      • Approx Year Built 1972
      • Area Wakefield C
      • Association Fee none
      • Body of Water none
      • Business Type Motel with living quarter
      • County Gogebic
    • Building Features
      • Construction Conventional Frame
      • Cable Yes
      • Basement Other
      • Air Conditioning Central
      • Exterior Cedar,Wood
      • Electric Generator Included,Yes
      • Number of Levels 2
      • Natural Gas Yes
      • Heat Natural Gas Forced Air
      • Green Features Energy Star-rated Heating,Energy Star-rated A/C
      • Foundation Crawl Space
    • Property Features
      • Lot Dimensions 251x91.65x 229.38x190.4x417.4
      • ROAD ACCESS Year Round
      • SEWER City
      • Shoreline Not Applicable
      • Total Num of Buildings 3
      • WATER City
      • Water View None
      • Waterfront None
      • WOODED Yes

    Neighborhood

    49968 (Wakefield) Demographics

    52 Median Age
    8 Population Density (per sq. mile)
    29% College Educated
    $37,472 Estimated Median Income
    793 Estimated Total Home Owners
    160 Estimated Total Renters
    83% / 17% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    2,120 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $60,000 Median Sales Price
    6 Homes Sold
    4 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        8/6/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $240,000
        6/6/2021 10:08:34 AM Status Changed Source: Multiple Listing Service New Value: Pending
        The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Upper Peninsula Board of REALTORS®. IDX Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the Upper Peninsula Board of REALTORS®.

        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.