$630,000
$650,000
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13990 E Chicago Road Somerset Twp, MI 49233
2 Beds
5 Acres Lot
Key Details
Sold Price $630,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 55024007084
Bedrooms 2
Year Built 1950
Annual Tax Amount $2,595
Lot Size 5.000 Acres
Property Description
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.
Location
State MI
County Hillsdale
Area Somerset Twp
Interior
Heating Baseboard, Forced Air, Wall/Floor Furnace
Cooling Central Air, Window Unit(s)
Laundry 1
Exterior
Garage Spaces 40.0
Roof Type Composition,Other
Building
Foundation Crawl, Slab
Sewer Septic Tank (Existing)
Water Well (Existing)
Structure Type Aluminum
Schools
School District Addison
Others
Acceptable Financing Cash, Conventional, Trade/Exchange
Listing Terms Cash, Conventional, Trade/Exchange
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