Remarks

Great investment opportunity in Iron Mountain! This motel features 71 rooms (please see the associated docs for more details), a fitness center, a pool room with a 21x41 ft pool, a hot tub with jets (13x7 ft), a sauna (not currently working), a guest laundry room, two private maid closets, a breakfast room, a laundry room, a conference room, and a welcoming lobby area. Additionally, the property includes a separate building with 20 apartment units, and the apartments have not been rented out for the last 3 years. Situated in a prime location with 4,000 cars passing by daily, the property is close to shopping and gas stations (within a mile), and the Pine Mountain Ski & Golf Resort (ski hill and ski jumps) is only a 5 minute drive. Buyers must be pre-approved prior to showings or provide proof of funds. Financial information for the motel to be provided once a confidentiality agreement is signed.

Details

MLS#: 50142560
Price: $1,700,000

Style: Investment
Sq Ft: 24852
Year Built: 1988

County: Dickinson
Lot Size: 506x301