Somerset Twp, MI 49233,13990 E Chicago Road

$630,000

$650,000

3.1%
Est.Price: ?

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Est. payment /mo

2 Beds

5 Acres Lot


SOLD DATE : 04/19/2024

Key Details

Sold Price $630,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 55024007084

Sold Date 04/19/24

Bedrooms 2

Originating Board Jackson Area Association of REALTORS®

Year Built 1950

Annual Tax Amount $2,595

Lot Size 5.000 Acres

Acres 5.0

Lot Dimensions 400x762

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

Direction US12 (Chicago Rd) WEST of US127

Rooms

Basement Walkout Access

Interior

Interior Features Laundry Facility, Cable Available

Heating Baseboard, Forced Air, Wall/Floor Furnace

Cooling Central Air, Window Unit(s)

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Garage Spaces 40.0

Roof Type Composition,Other

Accessibility Accessible Approach with Ramp, Accessible Entrance, Other Accessibility Features

Road Frontage Paved

Garage no

Building

Foundation Crawl, Slab

Sewer Septic Tank (Existing)

Water Well (Existing)

Structure Type Aluminum

Schools

School District Addison

Others

Pets Allowed Yes

Tax ID 040114000031151

Acceptable Financing Cash, Conventional, Trade/Exchange

Listing Terms Cash, Conventional, Trade/Exchange

Financing Cash,Conventional,Trade/Exchange

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Realcomp MLS
Listed by Beiswanger Team of BNR Real Estate Group
Bought with BNR Real Estate Group
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