MLS Public Remarks The fully renovated eco-friendly Adoba Lockview Hotel & Cottages on 2.36 prime acres in historically acclaimed Sault Saint Marie is located just across the street from a national treasure, The Soo Locks. This commercial gem offers 16 premium rooms in the front hotel, and 31 more cottage stays. All rooms are complete with AC/and heat manual control, microwave and coffee bar set up. Guests enjoy gaslight district walkability to the best shopping, dining, concerts, festivities, & other best attended events in the area. Adoba Lockview provides 4 parcels with a back parcel .8 acre zoned 202 commercial vacant, with 3 access points to 2 main roads., for another robust development opportunity. Adoba proprietary brand, has become a signature eco-friendly brand providing custom manufactured Adoba beds, flooring, and paint that contain no environmental toxins. With tremendous annual ROI, this historical gem is a rare Upper Peninsula opportunity for the serious commercial investor. A skilled manager remains, with a superb returning summer staff each year. The Soo Locks services 7000-9000 freighters which carry 80 million tons, estimated $500 billion dollars of iron ore/steel to the US, bypassing St Mary's river 21ft drop waterfall to gain passage to Lake Superior and Lake Michigan. Massive ships take 8-9 hours to pass through Sault Sant Marie's Locks. Tourists visit from all over the world to watch them make their passage. All US iron ore voyages through these Locks, estimated value around 10.5 billion Michigan and US dollars to build, making it a national sight to see. Multiple updates and improvements including a new brightly lit Adoba Lockview sign, easily seen by all. The property also provides a prime Portage Avenue storefront gift shop with heavy sidewalk foot traffic for added revenue. Mechanicals are in good operating condition. A laundry facility with industrial washer and dryers. This investment opportunity includes all furnishings. Schedule your apptment today.
http://www.www.jjrealtors.com.com/473086
Township Other/See Remar
Directions Sault Saint Marie, Portage, look for Adoba sign.
Fin Below Grd SqFt 0
Total Fin SqFt 13,000
Price/SqFt $0
Unfinished SqFt 0
Above Grade Finished SqFt 13,000
CDOM 0
Sub Property Type Commercial/Industrial
Year Built 1966
Days on Market 89
Land Assessment -
Improvements -
Acreage 2.36
Taxes -
Tax Year -
Summer Taxes -
School District Other
Winter Taxes -
Lower Level Square Footage 0
Waterview Yes
Waterfront N
For Lease/Rent N
Waterfront Desc Neither
Est. Total Acres 2.36
WaterFrontage
0
Heating Forced Air, Natural Gas
Water City
Zoning Commercial
Basement N
Heating Forced Air, Natural Gas
Garage 0.0
Sewer City
Features Natural Gas
Status Change Date 02/23/2024
Listing Date 02/14/2024
Internet/IDX Y
Co-Listing Agent Name Austen Lobenherz
Named Exceptions N
Listing Office
Berkshire Hathaway Homeservices Real Estate
Office Address
203 Bridge St.
Listing Number
473086
THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Sunday, May 19, 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.
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