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224 E Chicago

Coldwater, Michigan 49036


John D'Ambrogio
312.334.8389

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$70,000


Square Footage
315
John D'Ambrogio
312.334.8389
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Property Type
Business
Neighborhood
Coldwater


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
Built: 1920
Cooling System: Central
Roof: Comp Shingle
Potential Use: Other
Rentable Square Feet: 1,423
Office Square Feet: 315
Current Net Income: $24,420


Taxes & Assessments
Taxes: $1,618

Listing Office: Diehl Realty, Inc.

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Coldwater

Coldwater, Michigan is a city in Southern Michigan. It has a population of nearly 11,000 and its original occupants were Potawatomi Native Americans. The community is not far from both the Ohio and Indiana borders.

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224 E Chicago Coldwater, Michigan 49036 is a business property, which sold for $70,000. Want to learn more about 224 E Chicago Coldwater, Michigan 49036? Contact an @properties agent to request more info.


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