MLS# 50074941 Property Type: Business Active
MICHIGAN FAMILY RESTAURANT AND MOTEL THAT HAS BEEN IN EXISTENCE FOR OVER 60+-YEARS FOR SALE! This Commercial Property is located in Marquette County's Humboldt Township, on US-41, the main east-west highway corridor through Michigan's Upper Peninsula! It is also at the corner of M-95, which runs north and south through the central U.P.!! This High Visibility property intersection has been called Koski's Korner for many years, and everyone traveling to Marquette from Ironwood in the western U.P., and from Iron Mountain in the southern U.P., passes this property! The Restaurant and Motel are located on a 1.75+/- Acre parcel, and another parcel of approximately 9+/- Acres (part of which adjoins the commercial location, and part of which lies across the US-41 highway) is included in the sale. The 1320 Square Foot Restaurant seats approximately 42 patrons at the large center counter area, and in the surrounding dining area, which include booths and dining tables. The dining area is cooled by central air conditioning. The kitchen and service areas are clean and in good condition. The equipment has all been changed within the last 6 years. There have been updates to decor in the dining room and bathrooms. A 704 Sq Ft Second Floor area with a Full-Bath, could possibly be remodeled for use as an Owners Residence, Office or Storage Area, and there is another 144 Square Foot of space on the Third Floor. The Basement has 704 Square Foot of space for additional storage. The building is heated with a Propane Forced-Air Furnace. The Two-Story Motel was built in about 1963, and has 5,000+ Square Feet of Area. There are 12-Units, that include a Laundry Room, Office/Storage Room, and a Managers Quarters. There is electric heat in this building and each room has a wall air conditioner. Sale will include Licenses, Business, Furnishings, Fixtures, and Equipment. Equipment List, and Financials, will be provided to Pre-Qualified Buyers. Schedule Your Showing Today!
Listing Provided Courtesy of TIM KEOHANE - GREAT LAKES & LAND OF MARQUETTE, INC.