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22321 Hwy M 123 $389,000

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22321 Hwy M 123 Trout Lake, MI 49793

  • 30,000 sq.ft.
  • 13.00 Acres
  • Commercial
MLS# 218056777 | Active

$389,000

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Days On Market: 362 29 Views
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Property Details

Great opportunity to relaunch this former Best Western, 41 Rooms Motel with a 3 Bedroom Management Quarters, Indoor Pool and Free - Standing Full Service Restaurant with over 100 seats. Also has separate recreational building. Property sits 13 acres Wooded with a pond. Close to Snowmobile Trails, State Land, Rivers, and Casino. Did you know the ORV summer market for family vacationing is now as large if not larger than the winter snowmobiling season - last year ORV activity is now equal or now greater than winter business... Huge new trend for the area and this location. Property is priced to sell - currently vacant needing some minor repairs and updates. Owner willing to look at all offers. Call today to see the property.

  • General Features
    • County Or Parish Chippewa
    • Settlement City
    • Business Type Retail
    • Current Use Hotel/ Motel
    • Lot Size Area 13
    • Zoning Commercial
    • Ownership Status Private Owned, Short Sale - No
    • Originating MLS Realcomp II Ltd
    • Year Built 1977
    • Year Remodeled 1978
    • Sqft Total 30,000
    • Operating Expense $0
    • Net Operating Expense $0
    • Gross Scheduled Income $0
    • Tax Amount - Summer 4447.5100
    • Tax Amount - Winter 1751.1300
  • Building Features
    • Foundation Details Slab
    • Construction Materials Brick
    • Office Heating Baseboard
    • Heating Fuel Electric
    • Water Heater Fuel LP Gas
  • Property Features
    • Frontage Feet 1,200
    • Lot Size Dimensions 600x1200
    • Water Source Water at Street
    • Sewer Sewer at Street
  • Schools
    • School District Rudyard

Contact

Ruth Genso

Associate

RE/MAX Platinum

Mobile Phone: 248-318-5132

Neighborhood

49793 (Trout Lake) Demographics

59Median Age
5Population Density (per sq. mile)
24%College Educated
$27,083 Estimated Median Income
112Estimated Total Home Owners
24Estimated Total Renters
82% / 18%Estimated Owner / Renter Divide
2Estimated Average Household Size
281Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days

$240,000 Median Sales Price
1 Homes Sold
7 New On Market

Average Days on Market

    Properties for Sale

      Property History

      Date Event Price Percent Change
      -- Current Price Source New Value: $389,000
      2/23/2019 12:41:34 PM Price Reduced Source New Value: $389,000 -20.76%
      6/21/2018 2:50:00 PM New in Database Source New Value: $490,900

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      Listing information is provided through IDX through RealComp II Ltd. All information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2019 Realcomp II Ltd. Shareholders.