Gulliver MI Commercial for Sale
$895,000
1520 US2 Gulliver, MI 49840
- Type:
- Business Opportunities
- Sq.Ft.:
- 8,399
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 24 Acres
- Year built:
- 1962
- Baths:
- MLS#:
- 50158358
ADDITIONAL INFORMATION
Located in the heart of Michiganâ??s Upper Peninsula, this turn key investment opportunity offers multiple streams of income with endless potential for further growth. Completely renovated in 2022, the property features 19 clean and comfortable hotel rooms (each equipped with brand new beds), along with an attached home for the owner to reside in or rent out. In addition, youâ??ll find a beautifully updated restaurant with Liquor license (currently in escrow). The restaurant was most recently operated as â??Bread & Baconâ??, serving up delicious breakfast and lunch items in a comfortable, bright, and friendly space. The property benefits from its location on the high traffic US Highway 2, of which youâ??ll be about 1.5 hours East to the Mackinac Bridge, or 2 hours West to Wisconsin. Both the hotel and restaurant are well regarded both locals and tourists alike, and a potential buyer would be walking into a business that is proven, successful, and trusted. In addition to the existing businesses on site, there is potential to add RV/Camper sites to the property as well (quoted to cost $70,000). This unique opportunity could be just the entrepreneurial venture you have been waiting for. Live on site and watch your thriving business flourish, all while benefiting from the safety and comfort of the beautiful Upper Peninsula.
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Gulliver Real Estate
The median home value in Gulliver, MI is $105,250. This is lower than the county median home value of $131,700. The national median home value is $338,100. The average price of homes sold in Gulliver, MI is $105,250. Approximately 41.69% of Gulliver homes are owned, compared to 3.71% rented, while 54.6% are vacant. Gulliver real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Gulliver real estate agent to arrange a tour today!
Gulliver, Michigan has a population of 664. Gulliver is less family-centric than the surrounding county with 15.66% of the households containing married families with children. The county average for households married with children is 19.27%.
The median household income in Gulliver, Michigan is $52,941. The median household income for the surrounding county is $54,163 compared to the national median of $69,021. The median age of people living in Gulliver is 57.5 years.
Gulliver Weather
The average high temperature in July is 76.6 degrees, with an average low temperature in January of 10.5 degrees. The average rainfall is approximately 32.2 inches per year, with 144 inches of snow per year.