332 E Onota Street Munising, MI $ 895,000
332 E Onota Street
$ 895,000
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332 E Onota Street

Munising, MI, 49862
$ 895,000
Bedrooms-- Baths-- Sq 2,000

Monthly Estimate*

$ 5,651

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Commercial Property for sale in Munising, MI

for $895,000. This 2,000 square foot building was built in 1947 on a lot size of 0.43.

Turnkey Investment Opportunity in the Heart of Munising! Don’t miss this rare chance to own a well-established hospitality property in one of Michigan’s top tourist destinations. The Munising Motel features 12 guest rooms along with a separate 2-bedroom home currently operating as a short term rental, offering multiple income streams in a high-demand area. Ideally located near Lake Superior, Pictured Rocks National Lakeshore, ORV and snowmobile trails, and year-round outdoor recreation, this property attracts consistent seasonal and repeat guests. The motel is well-maintained with strong visibility and easy access for travelers exploring the Upper Peninsula. The additional 2-bedroom home provides excellent flexibility—continue using it as a short-term or long-term rental, or utilize it for owner occupancy or on-site management. With established operations, proven income potential, and prime location, this is a turnkey opportunity for investors or owner-operators looking to step into Munising’s thriving tourism market. Financials available to qualified buyers.

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Commercial Active

Price

$ 895,000

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

0.43

Year Built

1947

Town/City

Munising

County/Region

Alger

MLS | Web ID

50212331

Features
General
Heating Baseboard Electric Heat Forced Air
Cooling Ceiling Fan(s) Central A/C Wall/Window A/C
Roof Asphalt Shingles
Zoning Commercial Commercial
Water Public Water
Status Active Active
Year Built 1947
Parking 21+ Spaces On Site Parking Lot
Water Heater Electric
County Alger
Class COM/IND/BUS OPP
Type Business
Business Type Motel
Business Name Munising Motel
Ownership Private
Municipality Munising
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Flood Insurance Not Required
Commercial Features 110 Volt Power Cable TV Available Carpet Internet Available Electric Available Fence Floor Drain Living Quarters Living Quarters Attached Pole Sign Private Restrooms Separate Meters Sidewalks
Area Munising (02012)
Primary City Munising
Location Main Street Residential Area
Directions Heading east on M-28 Motel is on your right hand side across the Shell Gas station
City Munising
Financial Terms Cash Commercial Loan
Legal Description Tax ID number 02-051-101-001-00 02-051-101-002-00 02-051-101-018-00. CLIFF ADDITION LOT 1 & E 1/2 OF LOT 3 BLK 1 CLIFF ADDITION LOT 2 & W 1/2 OF LOT 3 BLK 1 CLIFF ADDITION LOT 18 BLK 1
DOM 0
Postal Code 49862
Price Per Sq Ft Total AG 447.5
Public Remarks
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Exterior
Exterior Block Concrete
Exterior Amenities Deck/Patio Fenced Yard Fence Owned
Frontage 187
Flood Plan None
Lot Size Area 0.43
Lot Dimensions 100 x 187 x 100 x187
Lot Description Downtown Dev Authority Utilities Above Ground Cleared
Water Features None
Roads City/County Paved Street State U.S. Highway Year Round
Waterfront Y/N No
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
VICKI TANNEHILL

Listing Agent

Re/Max Superiorland

Broker

vickilg@remax.net

Email

Affordability Calculator

$5,651
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,651
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/22/2026$895,000 Listed Price

Map


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332 E Onota Street, Munising, MI, 49862 is a Commercial Property for sale at $895,000 with 2,000 sqft and a lot size of 0.43. 332 E Onota Street was built in 1947. The property's zip code is 49862 which is in Munising, MI