620 N Lincoln Road Escanaba, MI 49829

Accepting Backup Offers

$1,150,000

Market Estimate

Request Info

14,790 sq. ft.
0.73 Acres
Commercial
MLS# 50119928

Listing provided courtesy of: KEY REALTY DELTA COUNTY LLC - 906-233-7455

Favorite Share

Views: 104 Days On Site: 458

Go Tour This Listing

Sunday 24 Nov

Monday 25 Nov

Tuesday 26 Nov

Wednesday 27 Nov

Thursday 28 Nov

Friday 29 Nov

Saturday 30 Nov

Sunday 01 Dec

Monday 02 Dec

Tuesday 03 Dec

Wednesday 04 Dec

Thursday 05 Dec

Friday 06 Dec

Saturday 07 Dec

Sunday 08 Dec

Monday 09 Dec

Tuesday 10 Dec

Wednesday 11 Dec

Thursday 12 Dec

Friday 13 Dec

Saturday 14 Dec

Sunday 15 Dec

Monday 16 Dec

Tuesday 17 Dec

Wednesday 18 Dec

Thursday 19 Dec

Friday 20 Dec

Saturday 21 Dec

Sunday 22 Dec

Monday 23 Dec

Tuesday 24 Dec

Wednesday 25 Dec

Thursday 26 Dec

Friday 27 Dec

Saturday 28 Dec

Sunday 29 Dec

Monday 30 Dec

Tuesday 31 Dec

Wednesday 01 Jan

Thursday 02 Jan

Friday 03 Jan

Saturday 04 Jan

Sunday 05 Jan

Monday 06 Jan

Tuesday 07 Jan

Wednesday 08 Jan

Thursday 09 Jan

Friday 10 Jan

Saturday 11 Jan

Sunday 12 Jan

Monday 13 Jan

Tuesday 14 Jan

Wednesday 15 Jan

Thursday 16 Jan

Friday 17 Jan

Saturday 18 Jan

Sunday 19 Jan

Monday 20 Jan

Tuesday 21 Jan

Wednesday 22 Jan

Thursday 23 Jan

Friday 24 Jan

Saturday 25 Jan

Sunday 26 Jan

Monday 27 Jan

Tuesday 28 Jan

Wednesday 29 Jan

Thursday 30 Jan

Friday 31 Jan

Saturday 01 Feb

Sunday 02 Feb

Monday 03 Feb

Tuesday 04 Feb

Wednesday 05 Feb

Thursday 06 Feb

Friday 07 Feb

Saturday 08 Feb

Sunday 09 Feb

Monday 10 Feb

Tuesday 11 Feb

Wednesday 12 Feb

Thursday 13 Feb

Friday 14 Feb

Saturday 15 Feb

Sunday 16 Feb

Monday 17 Feb

Tuesday 18 Feb

Wednesday 19 Feb

Thursday 20 Feb

Friday 21 Feb

Schedule A Showing

Property Details

Description

Uncover an exciting business prospect with this Boutique Hotel nestled in a prime Escanaba location. Family-owned and boasting 15,000 square feet of floor space, priced at an unbeatable $113.00 per square foot'”far below current market construction costs'”this property presents a golden opportunity. Featuring 33 rooms, each upgraded with new air conditioning units, some new carpeting, refrigerators, and microwaves, this hotel caters to diverse needs. With 8 Queen Singles, 4 King Singles, 3 King Suites, 17 Queen Doubles, and 1 Apartment, it's equipped for various clientele. Beyond its current charm, envision the potential to transform this property into an Airbnb, tapping into the influx of travelers exploring our picturesque area. The added bonus of an apartment or living quarters on-site provides the flexibility to be your own boss or generate extra income through rentals. Seize the moment to own a piece of this flourishing hospitality venture. Contact us now to schedule a viewing and explore the endless possibilities this Boutique Hotel offers.

General Features
- Acreage 0.73
- Area Municipality Escanaba (21010)
- Body of Water none
- County Delta
- Originating MLS Upper Peninsula Assoc of Realtors
- Ownership Private
- Total SqFt Finished 14790
- Waterfront Y/N No
- Year Built 2001
- ZONING Commercial
Building Features
- Cooling System Central A/C
- Exterior Construction Vinyl Siding
- Foundation Type Slab
- Heating System Forced Air
- FUEL TYPE Natural Gas
- Roofing Asphalt
Property Features
- Water Public Water
- Water Features None
- LOT DESCRIPTION Downtown Dev Authority
- PARKING 21+ Spaces
- Lot Size 156x30x10x180x207x154
- Roads City/County, Paved Street, U.S. Highway
- Sewer Septic Public At Street

Neighborhood

49829 (Escanaba) Demographics

46 Median Age

236 Population Density (per sq. mile)

34% College Educated

$39,914 Estimated Median Income

5,470 Estimated Total Home Owners

2,512 Estimated Total Renters

69% / 31% Estimated Owner / Renter Divide

2 Estimated Average Household Size

16,704 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$150,000 Median Sales Price

15 Homes Sold

15 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: $1,150,000
9/11/2024 10:06:20 AM	Status Changed Source: Multiple Listing Service	New Value: Accepting Backup Offers
9/4/2024 9:36:50 AM	Price Reduced Source: Multiple Listing Service	New Value: $1,150,000	-8%
9/3/2024 2:38:04 PM	Status Changed Source: Multiple Listing Service	New Value: Active
7/19/2024 1:38:11 PM	Status Changed Source: Multiple Listing Service	New Value: Accepting Backup Offers
7/11/2024 2:57:52 PM	Price Reduced Source: Multiple Listing Service	New Value: $1,250,000	-10.71%
5/28/2024 11:36:35 AM	Price Reduced Source: Multiple Listing Service	New Value: $1,400,000	-17.4%
8/24/2023 12:07:00 PM	New in Database Source: Multiple Listing Service	New Value: $1,695,000

Payment Calculator

$0 per month

Year Fixed, Interest

Principal and Interest

Property Taxes

Homeowners' Insurance

Home Price

Down Payment

* This payment calculator is intended for educational and planning purposes only.
** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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.