5060 E PECK ROAD Lexington, MI, 48422
$ 147,000Bedrooms Baths0.0 Sq 3,360
for $147,000. This 3,360 square foot building was built in 1950 on a lot size of 0.80 Acre(s).
Multi-generational family-owned business now an opportunity for the entrepreneur with a sense of vision! Overnight accommodations are scarce in this area, so this property has a market. And with some updating and redecorating, could be a highly-received and recommended business. Fourteen units could be decorated with mid-century vintage furnishings to complement the exterior, yet have the amenities of the modern world and appealing to visitors of all types. Detached living quarters (house) is also available. Current Use: Hotel/Motel, Lot Dimensions: 150 x 206
Heating Source Natural Gas
Heating System Space Heater(s)
Water Source Municipal
Land Improvements Sidewalks
Miscellaneous* Excluded Features
Acceptable Finance Cash Conventional
Commercial Cat V Wiring
List By Lawrence D Palleschi, Jr.
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% 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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Commerical listings in Lexington, MI
Average List Price $407,463
Percent of Sale Price 177 %
About Lexington, MI
0 % Since 2002
$ 35,399 Median Income
54.05 Median Age
14 % Households with Children