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Opportunity Zone

105 W Cloverland 18 Room Motel

18 Room Motel in MI for sale

Listing Contacts

Active

Asking Price: $495,000
Earnest Money  Deposit: $25,000 min.
Address 

105 W Cloverland Dr, Ironwood, MI 49938

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Date Added
Jul 9, 2024
Days on Market
285 days
Time Since Last Update
18 days

Details

Property TypeHospitality
SubtypeMotel
Square Footage7,272
Price/Sq Ft$68.07
Beds18
Keys18
Year Built1988
Year Renovated2019
Buildings1
Stories2
Lot Size (sq ft)21,780
Price/Bed$27,500
Ownership100%
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Marketing Description

***SELLER FINANCING WITH FAVORABLE RATES!!! Introducing the charming Cloverland Inn at 105 W.​ Cloverland Dr, Ironwood, MI 49938.​ This well-established motel, built in 1988, presents a lucrative investment opportunity with a track record of consistent income over the past three years.​ Boasting a total of 18 rooms within its 7,272 sq.​ ft.​ two-story building, the property offers a blend of comfort and convenience.​ The presence of an office and manager's quarters adds to the operational efficiency of this establishment.​ With a spacious layout and a well-maintained exterior, this property stands as a promising asset in the hospitality sector.​ Don't miss the chance to own a piece of this flourishing business in a prime location - the Cloverland Inn awaits your ownership at an asking price of $495,000.​

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