MLS Public Remarks  Located in the heart of the lake country, Somerset Motel continues to be a staple in the community for over 37 years serving everyday travelers, Michigan Speedway guests, Faster Horses fans, golf outing group, wedding parties, and family reunions. Offered for sale is the 1900 sq. ft. home with 14 rental units and a community room, all on five acres. The sprawling ranch home features a business office, 3 bedrooms, 3 bathrooms, living room, kitchen, dining room, walk-up attic, and full walkout basement with commercial laundry. The home offers garage space for 3 vehicles. The N units and community room (bonus income) total 2130 sq. ft. and the W units total 2450 sq. ft. All units on the property are furnished and have refrigerator, microwave, heat, A/C, cable TV, ...(more remarks)... ...(more remarks)... Wi-Fi, and phones. On 5 acres, huge yards offer firepit and room tents, pavilion, and outdoor games. Opportunity exists to be an onsite owner or make the home 1 or 2 additional units. Do not trespass, disturb owners, or disturb tenants. Cash, Commercial Loans, 1031 Exchanges. 15% CAP RATE. No Land Contract sales. Qualified Purchasers should contact a Commercial Realtor with your questions or schedule a private tour.

http://www.www.jjrealtors.com.com/24007084

AGENT/COMPANY DETAILS  

LOCATION  

Township  Somerset Twp

Directions  US12 (Chicago Rd) WEST of US127

HOUSE DESCRIPTION  

Fin Below Grd SqFt  0

Total Fin SqFt  0

Price/SqFt  $81

Unfinished SqFt  0

Above Grade Finished SqFt  0

CDOM  2

Sub Property Type  5+ Units

Year Built  1950

Days on Market  2

ASSESSMENT/SCHOOLS   

Land Assessment  -

Improvements  -

Net Taxes  $2595

Acreage  5.0

Taxes  $2595.0

Tax Year  2023

Summer Taxes  -

School District  Addison

Winter Taxes  -

LOT DESCRIPTION  

Lower Level Square Footage  0

Waterview  N

Number of Units  16

Waterfront  N

For Lease/Rent  N

Est. Total Acres  5.0

Lot Dimensions  400x762

WaterFrontage   0

INTERIOR FEATURES  

Heating  Baseboard, Forced Air, Natural Gas, Wall Furnace

Cooling  Central Air, Window Unit(s)

Basement  Y

Heating  Baseboard, Forced Air, Natural Gas, Wall Furnace

EXTERIOR FEATURES  

Garage  0.0

Basement details  Crawl Space, Full, Slab, Walk Out

Sewer  Septic System

Parking Desc  Asphalt, Driveway, Paved

Garage Desc  Asphalt, Driveway, Paved

Terms/Misc.  Cash, Conventional, Exchange

Exterior Materials  Aluminum Siding

DETAILS  

Status Change Date  04/19/2024

Listing Date  02/12/2024

Internet/IDX  Y

Named Exceptions  Y

Proposed Close Date  02/14/2024

LISTING OFFICE DETAILS  

Listing Office   Bnr Real Estate Group

Office Address   1331 Horton Rd.

Listing Number   24007084

THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Thursday, May 9, 2024. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.