415 Cedar Street $799,000

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    415 Cedar Street Munising, MI 49862

    • 5,635 sq. ft.
    • 1.20 Acres
    • Commercial
    • MLS# 50134415
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    Views: 439 Days On Site: 271

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    Property Details

    WELL ESTABLISHED nostalgic Motel in the heart of the Upper Peninsula of Michigan. You can own your own successful business in Munising, which is a flourishing tourist town. Recently remodeled with a complete list of updates which include exterior paint, awnings, chimneys, roof, cedar sauna with tile floor, firepit, pollinator garden, 2 new water heaters, picnic tables, office floor, coffee set up for rooms, new refrigerators & microwaves in most rooms. A great deal of attention has been given to the inside of each room and the outside grounds with cherry & pear trees as well. (Improvement list provided) 12 Units plus a small laundry room, office area and managers/owner's residence. Manager's residence includes 2 bedrooms, 2 bath, large living room, updated kitchen, office area, utility rooms, storage areas, greenhouse. Ample parking accommodates the motel guests with additional parking for trailers available on the vacant lot along Cedar St. Additional vacant lot located ½ block North is included in the sale. Great location on a main corridor through the U.P. and within walking distance to all that you need. Neighboring Pictured Rocks National Shoreline had over 910,000 visitors in 2023 and home to Icefest. Lake Superior, many waterfalls, beaches, hiking, biking, ATV, XC skiing & snowmobiling. Sale will include Business, furnishings, fixtures, and equipment (but not the Coke collectables). Well established with repeat customers and great reviews you can read online!

    • General Features
      • Acreage 1.2
      • Area Municipality Munising (02012)
      • County Alger
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership Private
      • Total SqFt Finished 5635
      • Waterfront Y/N No
      • Year Built 1948
      • ZONING Commercial
    • Building Features
      • Cooling System Window Unit(s)
      • Exterior Construction Hardboard, Partial-Vinyl
      • Foundation Type Slab
      • Heating System Hot Water
      • FUEL TYPE Natural Gas
      • Roofing Shingles
    • Property Features
      • Water Public Water
      • Water Features None
      • PARKING On Site,Parking Lot
      • Lot Size 286x150x143x100x143x50
      • Roads City/County, Paved Street
      • Sewer Septic Public Sanitary

    Neighborhood

    49862 (Munising) Demographics

    44 Median Age
    23 Population Density (per sq. mile)
    26% College Educated
    $43,571 Estimated Median Income
    1,115 Estimated Total Home Owners
    391 Estimated Total Renters
    74% / 26% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    4,765 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $288,500 Median Sales Price
    4 Homes Sold
    3 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: $799,000
        2/27/2024 10:20:00 AM New in Database Source: Multiple Listing Service New Value: $799,000

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        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.