Rodeway Inn - Kalkaska

Hospitality for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30365244
Property Subtypes: Hotel, Motel
Number of Units: 37 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 1.50 Acres
Sale Price: $649,900
Unit Price: $17,564.86 Per Unit
Property Use Type: Investment, Business
Building Name: Econo Lodge
Name of Establishment: Econo Lodge
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/21/2019

Overview / Comments

37 unit limited service franchise motel with2 bedroom living quarters.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $12,511 (Annual)
Tax Value Land $654,600
Tax Value Improvements $284,391
Assessed Value - Total($) $327,300 (Annual)

Additional Details

Nearest MSA: Traverse City
County: Kalkaska
Taxing Authority: Village of Kalkaska
Tax ID/APN: 04156400910
Zoning: C-1
Retail Clientele: Family, Traveler, Tourist, Recreation
Property Located Between: W Mile Rd & Kalkaska St
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,053 3,837 6,129
Median Age: 41.28 38.52 38.63
Households: 441 1,541 2,430
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.