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Off market
  • $816,900

    8306 S Us Highway 131, Mancelona, MI 49659

    --beds
    28baths
    10,148sqft
    MultiFamily
    Built in 1980
    -- sqft lot
    $816,900 Zestimate®
    $80/sqft
    $1,606 Estimated rent

    Home value

    $816,900

    $654,000 - $1.02M

    $1,606/mo

    Zestimate® history
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    Rent Zestimate®

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    $5,060/mo

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    $5,060/mo

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    What's special

    Business opportunity of a lifetime! 26-unit motel, house and apartment on the corner of busy US131 and M66 in the heart of northern Michigan! This motel is the only motel for miles, and is located on 2.88 acres with a split available. This property does need some renovation. This building has had a long time steady business year round and is within an hour of Gaylord, Traverse City, Petoskey, and Charlevoix. In addition to the 26 busy rooms, this property includes a nice 3 bedroom 2 bath home, as well as a large 2 bedroom apartment right behind the front desk. This motel is convenient to all northern Michigan recreation including lakes and rivers, golfing, skiing, and hunting. It is located near outstanding snowmobile trails. Total square footage of motel plus the apartment is 10,148. The manufactured home is 1456 square feet, and includes 3 bedrooms and 2 bathrooms. The original 8 rooms of the motel were built in 1958, and the remainder of the hotel was built in the 1980's. Also includes motel laundry room, 24' pole barn, and 2 story storage hut. Furnishings and fixtures included. All measurements approximate and must be verified by the buyer.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 28
    Heating
    • Gas
    Cooling
    • Wall
    Appliances
    • Included: Dishwasher, Dryer, Range / Oven, Refrigerator, Washer
    Interior area
    • Total interior livable area: 10,148 sqft

    Property

    Parking
    • Parking features: Garage - Detached
    Features
    • Exterior features: Vinyl, Brick
    Lot
    • Size: 2.88 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1980

    Utilities & green energy

    • Sewer: Private Septic

    Community & HOA

    Location
    • Region: Mancelona

    Financial & listing details

    • Price per square foot: $80/sqft

    Price history

    DateEventPrice
    11/7/2019Sold$300,000-20%$30/sqft
    Source: NGLRMLS #1860353 Report a problem
    10/3/2019Pending sale$375,000$37/sqft
    Source: DEK Realty #1860353 Report a problem
    9/18/2019Price change$375,000-1.3%$37/sqft
    Source: DEK Realty #1860353 Report a problem
    6/29/2019Price change$380,000-2.6%$37/sqft
    Source: DEK Realty #1860353 Report a problem
    5/2/2019Listed for sale$390,000$38/sqft
    Source: DEK Realty #1860353 Report a problem
    2/16/2019Pending sale$390,000$38/sqft
    Source: DEK Realty #1860353 Report a problem
    1/8/2019Price change$390,000-2.3%$38/sqft
    Source: DEK Realty #1860353 Report a problem
    10/1/2018Price change$399,000-6.1%$39/sqft
    Source: DEK Realty #1845164 Report a problem
    6/26/2018Price change$425,000-5.6%$42/sqft
    Source: DEK Realty #1845164 Report a problem
    4/21/2018Listed for sale$450,000$44/sqft
    Source: DEK Realty #1845164 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 49659

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Mancelona Public Schools

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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