5692 N US 31 Highway Levering Motel $495,000

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    5692 N US 31 Highway Levering Motel Levering, MI 49755

    • 4,760 sq. ft.
    • 1.10 Acres
    • Commercial
    • MLS# 468346
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    Views: 135 Days On Site: 912

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    Property Details

    Terms Available! LOCATION NOT TO MISS~The Levering Motel features 13 total rentals, with 11 studio rooms, 1 larger corner unit, attached house/office unit, Paved open parking court, maintenance shed and on site coin-op laundry. 11.5% Cap Rate. Excellent rental history with high year round occupancy. Keep the building as individual rental units or convert back to motel for seasonal tourist income. B-2 zoning offers amazing potential opportunities for this 1 acre parcel. This high visibility location is just minutes to Pellston Airport, Mackinaw City, Casinos, Lakes and Parks. Step right in to this turnkey rental business and level up!

    • General Features
      • Above Ground Sq Footage 4760
      • Acreage 1.01 - 2
      • Approx Year Built 1971
      • Association No
      • County Emmet
      • Features Off-Street Parking, Paved Roads
      • Heat1 Electric Baseboard
      • Total Sq Ft 4760
      • Township McKinley
      • Type1 Commercial Building, Hotel / Motel
      • Utilities Electricity
      • Water Well
      • Water Front Water Access Neither
      • Water Heater Propane
    • Building Features
      • Basement Slab
      • Construction Wood Frame
      • Num Of Units 13
      • Roof Asphalt Shingle
      • Stories One
    • Room Features
      • Bedrooms 14
      • Full Bathrooms 13
      • Num Of Restrooms 0
    • Property Features
      • Approx Number Of Acres 1.1
    • Schools
      • School District Pellston
    • Additional Features
      • Current Business Type Hotel / Motel / Resort
      • Sewer Septic

    Neighborhood

    49755 (Levering) Demographics

    51 Median Age
    18 Population Density (per sq. mile)
    29% College Educated
    $50,260 Estimated Median Income
    728 Estimated Total Home Owners
    121 Estimated Total Renters
    86% / 14% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    1,861 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $290,000 Median Sales Price
    5 Homes Sold
    0 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: $495,000
        5/26/2022 4:51:00 PM New in Database Source: Multiple Listing Service New Value: $495,000

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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.