224 E Chicago

Coldwater, Michigan 49036
Closed / MLS #12023994 / Business / Coldwater City
Listing information updated 12/1/2021 at 11:26am
Drastic Reduction! Turn Key Business Opportunity. At this price you are buying a very nice 4 bedroom house and getting a 7 unit motel FREE. This successful business has had the same owner for 29 years. If you have investments that are not keeping you ahead of inflation, this may be the business for you. Opportunity for great cash flow. The 7 motel units are rented mostly on a weekly basis. Historically, this motel has an 85% to 88% occupancy rate. This property has a City of Coldwater Certificate of Compliance through February 1, 2014. It is conveniently located on busy Chicago St., in Coldwater, close to hospital and businesses The home has(1640 sq. ft.)home with an attached motel office. This home has original woodwork and many updates. Fine home for the owner. Shows excellen

Full Features

Lot Size:
0.31 acres - 13,504 square feet
Acreage:
0.3100
Built:
1920
Business Use:
Motel
Rentable Square Feet:
1,423
Current Net Income:
$24,420

Taxes & Assessments

Tax Amount:
$1,618
Tax Year:
2011

Location

Zip Code:
49036
City:
Coldwater
County:
Branch

Listing Office: Diehl Realty, Inc.

Listing Office Phone: 517.278.3094

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224 E Chicago is a business which sold for $70,000. This business has been listed on @properties since May 1st, 2012 and was built in 1920.