$850,000

13990 e chicago, cement city, MI 49233

View Map
Property Description
Discover Motel Somerset on bustling US12, set on 5 acres. This property features 3 buildings with 14 motel rooms and a versatile apartment for a 15th room or Air BnB. Recent renovations and a new business model boosted average daily rates by 20% in May and 34% in June. The ranch home offers 2 beds, 1 bath, and an attached garage- perfect for a long term tenant/ STR or an owner-operator. Located a stone's throw from Lake Somerset, three other lakes within 2 miles (as well as the other 52 Lakes in the Irish Hills area), hotspot for visitors attending events at the Michigan International Speedway, Faster Horses Festival, various wedding and event venues, wineries, a charming cider mill, local parks, and renowned hunting spots. Ideal for investors seeking growth in a prime recreational area.
General Information
Price: $850,000
Price/SqFt:
Status: Active
MLS#: 24030565
City: cement city
Post Office: cement city
Schools: addison
County: Hillsdale
Acres: 5
Lot Dim: 400X762
Acreage: 5 est.
Year Built: 1950
Property Type: Retail/Commercial
Tax, Fees & Legal
Est. Summer Taxes:  $0
Est. Winter Taxes:  $0


Listing Courtesy of: CURTIS G WATSON of BNR Real Estate Group

Information provided by Jackson Area Association of REALTORS® ©2024
Listing information provided courtesy of the Jackson Area Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.

This listing last updated: Mon, June 17, 2024 at 5:00:20 AM EDT

Share this property
Listings presented by:
BNR Real Estate Group
Call: (517) 416-2787

Ask about this property