13990, Chicago, Cement City, MI, 49233
Basics
- Date added: Added 5 months ago
- Category: Commercial Sale
- Type: Retail/Commercial
- Status: Active
- Bathrooms: 17
- Lot size: 5 sq ft
- Year built: 1950
- Bathrooms Full: 17
- Lot Size Acres: 5 acres
- Business Type: Other
- County: Hillsdale
- MLS ID: 24030565
Description
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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. This property is managed using 'Stayntouch' software (PMS) that allows for operation from anywhere. New 'Dormakaba' locks for all units have network connection to allow for automated check in, keypad access through integration with Stayntouch. Booking, check-in and check out can all be done electronically with a smartphone.
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Location
- Directions: US12 between S. Jackson Rd & US127
Building Details
Amenities & Features
- Parking Total: 40
- Inclusions: 1, 1, 1, 1
- Utilities: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
- Parking Features: Asphalt, Driveway, Paved
- WaterSource: Well, Public
- Fireplaces Total: 3
- Cooling: Wall Unit(s)
Fees & Taxes
- Tax Assessed Value: $69,295
- Tax Year: 2023
- Tax Annual Amount: $2,505
School Information
- High School District: Addison
Miscellaneous
- Road Surface Type: Paved
- CrossStreet: Somerset Rd, Stearns Rd
- Listing Terms: Conventional, Other, Cash
