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1470 Lead St E, Bessemer, MI 49911
Property Type: CommercialSale
Business Use: HotelMotel
Business SubType: HotelMotel
MLS#: 184654
Status: Sold
Sale Price: $185,000
Sale Date: 02/26/2021
List Price: $209,900
Business Name: The Traveler'S Motel
County: Gogebic
Township: GO Bessemer City
Lake Name:
Lake Chain:
River Name:
Lake Size - Acres: 0
 
Property Information:
Bedrooms: 0
Bathrooms: 0 / 0
Lot Size (sqft): 49,658
Lot Size (acres): 1.14
Site Influences: Level
Site Description:
Road Frontage: Highway
Road Responsibility:
Road Surface:
Shoreline:
Water Frontage - Feet: 0
Water Frontage Type:
Lot Depth Side 1: 0
Lot Depth Side 2: 0
Roofing: Shingle
Construction: Frame, VinylSiding, WoodSiding
Green:
Heating: Baseboard, Electric, HotWater, NaturalGas
Cooling:
Water Source: Public
Sewer: PublicSewer
Utilities: CableAvailable, PhoneAvailable
Electric: CircuitBreakers
Parking Features: Garage, Paved, Private
Flooring: Carpet, Mixed
 
Financial Information:
Taxes:
Tax Year: 0
Title: Fee Simple
Legal Desc.: See Tax Statement
Section: 10
Township: 47N
Range: 46W
Zoning:
Title: Fee Simple
Gross Income: $0
Total Expenses: $0
Lease Terms:
Tenant Expenses: None
Expense Year: 0
Business Docs: Aerial, Appraisal, Financials, ProfitLossStatement, RealEstateConditionReport
Possession: Closing
 
Listed By: Coldwell Banker Mulleady - Mw
Total SqFt: 4,265
# of Units: 0 # of Floors: 1
Public Remarks: A superb opportunity to be your own boss & live in the beautiful Upper Peninsula! Situated on US-2, the profitable Travelers Motel is renowned for its cleanliness, convenience & reasonable prices. Careful maintenance is evident throughout the property inside & out. There are 12 lodging rooms including 10 double bed units & 2 single bed units, 2br/1ba house that is ideal for living qrts or can be rented, plus an attached 1BR/1BA eff apartment w/separate entrance for more living space or rental income. Both the home & apartment have a full poured basement which includes commercial washers/dryers as well as additional living & storage space. Outside, there's a one-car detached garage for more storage. Beautiful landscaping, attractive appearance, stellar reputation & great numbers-if you're looking for a business opportunity Up North that is completely turnkey and ready at a reasonable price, you owe it to yourself to check this one out. Everything needed to get started. Won't last long!
Consumer Alert: Square feet is estimate, buyer to verify. Garage is grandfathered in on alley side.
Directions: Located on East side of City of Bessemer, property is on North side of US HWY 2
 
The information shown on this sheet is believed to be accurate and reliable but is not guaranteed and is subject to corrections Fri, May 7, '21