Escanaba, MI 49829,620 N Lincoln Road
Escanaba, MI 49829,620 N Lincoln Road
Escanaba, MI 49829,620 N Lincoln Road
38
$1,050,000
$1,150,000
8.7%
Est.Price: ?

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14,790 SqFt

620 N Lincoln Road Escanaba, MI 49829

Est. payment /mo
SOLD DATE : 12/13/2024

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Key Details

Sold Price $1,050,000

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Square Footage 14,790 sqft

Price per Sqft $70

Subdivision Mi

MLS Listing ID 50119928

Sold Date 12/13/24

Year Built 2001

Annual Tax Amount $20,310

Tax Year 2023

Lot Size 0.730 Acres

Acres 0.73

Lot Dimensions 156x30x10x180x207x154

Property 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.

Location

State MI

County Delta

Area Escanaba (21010)

Zoning Commercial

Interior

Heating Forced Air

Cooling Central A/C

Exterior

Parking Features 21+ Spaces

Roof Type Asphalt

Building

Lot Description Downtown Dev Authority

Foundation Slab

Water Public Water

Structure Type Vinyl Siding

Others

Ownership Private

SqFt Source Assessors Data

Energy Description Natural Gas

Acceptable Financing Other

Listing Terms Other

Financing Cash,Commercial Loan,Conventional

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by KEY REALTY DELTA COUNTY LLC
Bought with KEY REALTY DELTA COUNTY LLC

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agent

David Wietecha

Agent | License ID: 6501453131

+1(586) 722-6737

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