190 E M35 Highway Gwinn, MI $ 750,000
190 E M35 Highway
$ 750,000
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190 E M35 Highway

Gwinn, MI, 49841
$ 750,000
Baths0.0 Sq 7,408

Monthly Estimate*

$ 5,239

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Studio

Commercial Property for sale in Gwinn, MI

for $750,000. This 7,408 square foot building was built in 1990 on a lot size of 2.87.

Here is your chance to be the owner of a recently remodeled well established business. The Model Towne Inn has been in existence since 1990, and the current owners have done a great job of improving this business with a ton of recent improvements. This 18 unit motel is located right in the heart of Gwinn, next to several restaurants, shops and the snowmobile trail. There is a spur right from the motel to the trail. It is also only 6 miles from the Sawyer International Airport. Has on-site laundry, plenty of parking. Since the current owners have taken over this business, there have been significant growth in cash flow, with the profit margin growing 443% and sales increasing 22.38%. This motel is outpacing their competitors in sales and occupancy growth. An independent financial analysis is available as well as internal financial statements and three years of tax returns to well qualified prospective buyers.

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Commercial Active

Price

$ 750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Commercial/Industrial

Lot Size

2.87

Year Built

1990

Town/City

Gwinn

County/Region

Marquette

MLS | Web ID

50115135

Features
General
Heating Wall Heat
Cooling HVAC
Roof Shingles
Exterior Features Deck/Patio Security Lighting Garden Area
Zoning C-2 Commercial
Water Public Water
Status Active Active
Year Built 1990
Parking 11-20 Spaces Parking Lot
Water Heater Gas
County Marquette
Township Forsyth Township
Class COM/IND/BUS OPP
Type Commercial/Industrial
Business Type Motel
Business Name Modeltown Inn
Percent Ownership Private
Municipality Forsyth Twp
Section 22
Subdivision MI
Flood Insurance Not Required
Commercial Features Cafe/Kitchen Carpet Ceramic Floor Concrete Floor Furniture Pole Sign Reception Area Security Equipment Security Syetem Owned Sidewalks
Area Forsyth Twp (52009)
Primary City Gwinn
Location Main Street
Directions South on M553 to Gwinn right on to M35 motel will be on the right.
City Gwinn
Street Name M35
Financial Terms Cash Commercial Loan
Legal Description FO 726-1-0-3 Sec 22 T45N R25W 2.97 AC M/L S 500' of E 250' of SE !/4 of SW 1/4 lying N of M-35 Township of Forsyth Marquette County MI
DOM 240
Postal Code 49841
Price Per Sq Ft 101.24
Coming Soon Here is your chance to be the owner of a recently remodeled well established business. The Model Towne Inn has been in existence since 1990
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Exterior
Exterior Vinyl Siding
Frontage 250
Body of Water none
Flood Plan None
Lot Size Area 2.87
Lot Dimensions 250x500
Water Features None
Roads City/County Paved Street State Year Round
Waterfront Y/N No
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Interior
Ceiling Height Less than 16 Ft.
Fuel Type Natural Gas
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* Excluded Features
List By
BRADLEY ARGALL

Listing Agent

Re/Max 1St Realty

Broker

bradargall@gmail.com

Email

Affordability Calculator

$5,239
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,239
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/8/2024$750,000 -6.24% Price Down
2/28/2024$799,900 -20.00% Price Down
7/13/2023$999,900 Listed Price

Map


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190 E M35 Highway, Gwinn, MI, 49841 is a Commercial Property for sale at $750,000 with 7,408 sqft and a lot size of 2.87. 190 E M35 Highway is a studio with 0.0 baths and was built in 1990. The property's zip code is 49841 which is in Gwinn, MI