Super 8 St. Ignace

Hospitality for Sale
Catylist Listing ID: 30171022
Property Subtypes: Hotel
Number of Units: 61 Units
Building Size (RSF): 30,000 SF
Gross Building Area: See Agent
Sale Price: $3,750,000
Unit Price: $61,475.41 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2017

Overview / Comments

Newly renovated 61 room Super 8 Hotel just off I-75 on U.S. Highway 2. Amazing views of the Mackinac Bridge. Minutes to ferry docks, Downtown St. Ignace, and other area attractions. Strong cash flow and minimal transfer PIP for new owner.

Additional Details

Nearest MSA: Sault Ste. Marie
County: Mackinac
Tax ID/APN: cpixtax
Area Description: Located on U.S. Highway 2, west of I-75. Minutes from the Mackinac Bridge and the ferries to Mackinac Island.
Number of Stories: 2
Year Built: 1997

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 635 2,328 3,733
Median Age: 42.42 44.7 45.9
Households: 279 1,022 1,622
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