Sault Sainte Marie MI Commercial for Sale
$2,800,000
327 W Portage Sault Sainte Marie, MI 49783
- Type:
- Business Opportunities
- Sq.Ft.:
- 13,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2.36 Acres
- Year built:
- 1970
- Baths:
- MLS#:
- 80014833
- Subdivision:
- The Lockview Motel
ADDITIONAL INFORMATION
The fully renovated eco-friendly Adoba Lockview Hotel & Cottages on 2.36 prime acres in historically acclaimed Sault Saint Marie is located just across the street from a national treasure, The Soo Locks. This commercial gem offers 16 premium rooms in the front hotel, and 31 more cottage stays. All rooms are complete with AC/and heat manual control, microwave and coffee bar set up. Guests enjoy gaslight district walkability to the best shopping, dining, concerts, festivities, & other best attended events in the area. Adoba Lockview provides 4 parcels with a back parcel .8 acre zoned 202 commercial vacant, with 3 access points to 2 main roads., for another robust development opportunity. Adoba proprietary brand, has become a signature eco-friendly brand providing custom manufactured Adoba beds, flooring, and paint that contain no environmental toxins. With tremendous annual ROI, this historical gem is a rare Upper Peninsula opportunity for the serious commercial investor. A skilled manager remains, with a superb returning summer staff each year. The Soo Locks services 7000-9000 freighters which carry 80 million tons, estimated $500 billion dollars of iron ore/steel to the US, bypassing St Mary�s river 21ft drop waterfall to gain passage to Lake Superior and Lake Michigan. Massive ships take 8-9 hours to pass through Sault Sant Marie's Locks. Tourists visit from all over the world to watch them make their passage. All US iron ore voyages through these Locks, estimated value around 10.5 billion Michigan and US dollars to build, making it a national sight to see. Multiple updates and improvements including a new brightly lit Adoba Lockview sign, easily seen by all. The property also provides a prime Portage Avenue storefront gift shop with heavy sidewalk foot traffic for added revenue. Mechanicals are in good operating condition. A laundry facility with industrial washer and dryers. This investment opportunity includes all furnishings. Schedule your apptment today.
ADDITIONAL INFORMATION
Commercial property over looking the Soo Locks in Downtown Sault Saint Marie. Great investment potential. Sault Ste Marie is the county seat of Chippewa County, Michigan, U.S.A. Situated on the Northeastern end of Michigan's Upper Peninsula, it borders U.S. - Canada with the St. Mary's River separating the twin city, Sault Ste. Marie, Ontario. It is the second-most populous city of the Upper Peninsula with a population of 14,144 in the 2010 census. Based more on the extensive industry developed in the 20th century and an economy with closer connections with other communities, the Canadian Sault Ste. Marie is much larger. Located across from the commercial property is the International shipping channels of the Soo Locks
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Sault Sainte Marie Real Estate
Sault Sainte Marie 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 Sault Sainte Marie real estate agent to arrange a tour today!
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