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Americas Best Value Inn Marquette 1010 State Highway M-28 East

45 Room Hotel Marquette, MI 49855 £1,762,376 (£39,164/Room)

Property Facts

Price £1,762,376
Price Per Room £39,164
Sale Type Investment
Sale Conditions Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.01 AC
Building Size 21,696 SF
No. Rooms 45
Number of Floors 2
Year Built/Renovated 1980/2024
Corridor Interior

Amenities

  • Fitness Centre
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wi-Fi
  • Fully-Equipped Kitchen

About 1010 State Highway M-28 East , Marquette, MI 49855

America's Best Value Inn, part of the Sonesta Family, offers the perfect location! Just minutes from downtown and a short walk or ride to the North Country Trail, which stretches across Michigan's Upper Peninsula. It's also less than a mile from two launches on the Chocolay River, including the Chocolay Marina with direct access to Lake Superior. A quick ride (or free bus service) takes you to Ojibwa Casino, which offers world-class entertainment. Health clubs, dining, banking, and shopping are conveniently located across the street. This beautifully updated motel features 40 rooms, designed to provide a great experience for guests while ensuring staff efficiency. Additionally, it includes five long-term rental units. The property has undergone $500K in infrastructure upgrades, including new carpeting, hardwood floors, refrigerators, microwaves, furniture, light fixtures, vanities, toilets, and reglazed bath stalls. The motel also features upgraded walls and ceilings, as well as a new industrial washer and dryer, onsite laundry, maintenance and storage rooms, and a vending room with new machines. Other improvements include four newly furnished rooms, a new security system, fiber optic connectivity, a new hotel property management system (PMS), new public doors and locks, and a new sewer system. The guest lounge and lobby area have also been upgraded, along with new front signage, exterior floodlights, and drainage and gutter system improvements. All rental units have received both interior and exterior upgrades as needed. The property comes with onsite snow removal equipment, lawnmower and necessary equipment, maintenance room tools, and housekeeping and janitorial carts. Additionally, the onsite manager's apartment can be used as a rental if needed. Marquette is a key destination in Michigan's "Winter Water Wonderland," attracting visitors year-round for outdoor adventures. The motel is located at the intersection of two major highways, making it easily accessible for both drivers and those flying into Sawyer International Airport, just 20 miles away. A recent appraisal is available.

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 2 £228.91 -
Guest Room 43 £146.53 -

zoning

Zoning Code C (Commercial)
C (Commercial)
  • Listing ID: 34083393

  • Date on Market: 04/12/2024

  • Last Updated:

  • Address: 1010 State Highway M-28 East, Marquette, MI 49855

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