Beautiful Grand Marais Motel, Home & Rental Properties - 1960161

PRICE REDUCED

BEAUTIFUL GRAND MARIAS MOTEL, HOME AND RENTAL PROPERTIES OVERLOOKING LAKE SUPERIOR AND THE GRAND MARIAS HARBOR
MNRS #1960161

MINNESOTA RESORT SALES IS PROUD TO OFFER A VERY UNIQUE OPPORTUNITY RIGHT IN THE HEART OF BEAUTIFUL GRAND MARIAS. JUST A FEW BLOCKS FROM THE GUNFLINT TRAIL AND ONLY ONE BLOCK FROM LAKE SUPERIOR, THE GITCHI-GAMI STATE BIKE / SNOWMOBILE TRAIL RUNS RIGHT IN FRONT OF THE PROPERTY, GIVING GUESTS NUMEROUS ACTIVITIES TO ENJOY. THIS BUSINESS OPPORTUNITY HAS STRONG BOOKS AND IS OPEN YEAR ROUND.

THIS SALE CONSISTS OF A TOTAL OF 14 RENTAL UNITS WHICH CONSISTS OF THE FOLLOWING:

(9) MOTEL UNITS WHICH HAVE BEEN COMPLETELY REMODELED WITH HIGH END FIXTURES AND DÉCOR.
(1) COMMERCIAL SALON ATTACHED TO THE END OF THE MOTEL BUILDING. LEASED TO A PRIVATE PARTY.
(1) DUPLEX RENTAL HOME WITH UPPER AND LOWER UNITS
(1) MAIN HOME WHICH CONTAINS THE BUSINESS OFFICE, LAUNDRY FACILITY AND WILL SERVE THE OWNERS WITH A MAIN FLOOR LIVING ROOM LOOKING OUT AT LAKE SUPERIOR, FULL KITCHEN, DINING ROOM AND BATH. THE 2nd FLOOR OF THE HOME HAS 2 BEDROOMS ALSO OVER LOOKING LAKE SUPERIOR AND A FULL BATH. THE FINISHED LOWER LEVEL IS A RESIDENTIAL RENTAL UNIT WITH A SEPARATE ENTRANCE.
(1) 28’ x 32’ DETACHED RENTAL GARAGE CURRENTLY RENTED OUT AS A STORAGE UNIT. THIS BUILDING WAS BUILT IN 1999 AND HOLDS THE POTENTIAL TO HOUSE A SMALL BUSINESS WHICH WOULD COMMAND A MUCH HIGHER RENT. IT HAS 200 AMP SERVICE, NEW SIDING IN 2007, METAL ROOF & METAL INTERIOR WALLS, 11-1/2’ CEILINGS AND IS INSULATED. IT HAS AN 8’ AND A 10’ OVERHEAD DOORS AND 2 SERVICE DOORS. THIS UNIT SHOULD ACTUALLY BE RENTED TO A BUSINESS SUCH AS BODY SHOP / MECHANIC OR SOME OTHER SERVICE TYPE BUSINESS TO INCREASE THE RENT.

THE CURRENT OWNERS HAVE NOT CUT CORNERS ON THIS BUSINESS. THEY HAVE BEEN WORKING FOR YEARS TO BRING THIS BUSINESS UP TO AND BEYOND A STANDARD YOU WILL NOT FIND ANYWHERE ELSE.

ENTIRE BUSINESS, ALL THE BUILDINGS, HAVE HIGH END FIXTURES AND MATERIALS USED DURING YEARS OF REMODELING. THE OWNER HAS A BOOK OF IMPROVEMENTS MADE SINCE 2003. CUSTOM BUILT IN CABINETS THROUGHOUT THE UNITS, ANDERSEN WINDOWS, SEALY & SERTA MATTRESSES THROUGHOUT ENTIRE MOTEL, ETC… THE INFRASTRUCTURE OF UTILITIES IS A+ CONDITION. UTILITIES ARE CITY PROVIDED EXCEPT FOR GAS SERVICE WHICH IS PROPANE. ALL OF THE MOTEL UNITS ARE “UP NORTH” DÉCOR AND EXTREMELY CLEAN. SIDEWALKS AND STEPS NEW IN 2008. ROOF NEW IN 2009. A VERY STRONG CLIENT BASE WITH MANY RETURN GUESTS AND THE LOCATION IS PERHAPS THE BEST AVAILABLE IN GRAND MARIAS.

THE 1/2 ACRE PROPERTY HOLDS A VERY UNIQUE POSITION IN THAT IS ONE OF THE VERY RARE PROPERTIES IN GRAND MARIAS THAT IS ZONED C-1. THIS ZONING ADDS TREMENDOUS VALUE TO THIS PROPERTY AS THE NEW OWNERS COULD RUN THIS BUSINESS FOR YEARS, AS-IS, AND THEN TURN AROUND AND SELL IT OFF OR RE-DEVELOP IT INTO A CONDO, RESTAURANT, ETC… THE PROPERTY FALLS INTO THE 35’ HEIGHT ALLOWANCE WHICH WOULD ALLOW A RATHER TALL STRUCTURE IN THE FUTURE, GIVING YOU AN EVEN BETTER VIEW OF THE GRAND MARIAS HARBOR AND ARTIST’S POINT.

MINNESOTA RESORT SALES HAS A COMPLETE AND DETAILED PORTFOLIO AVAILABLE TO INTERESTED AND QUALIFIED PARTIES. TO VIEW THIS RARE OPPORTUNITY WILL REQUIRE A MINIMUM 2 DAY NOTICE. FOR ANY ADDITIONAL INFORMATION, PLEASE CONTACT OUR OFFICE.

DO NOT MISS OUT ON A RARE OPPORTUNITY TO OWN A SUPER STRONG BUSINESS IN ONE OF OUR STATE’S MOST VISITED TOURIST AREAS. THIS AREA ENJOYS BEAUTIFUL SUMMERS, A COLORFUL FALL SEASON, AND LOTS OF SNOW FOR THE WINTER SPORTS ENTHUSIASTS. WE ANTICIPATE A LOT OF INTEREST IN THIS PROPERTY. YOU WILL NOT BE DISAPPOINTED IF YOU CHOOSE TO TAKE A LOOK!!!

SALE PRICE: $495,000.00
TERMS: CASH, BANK FINANCING OR 100% SELLER FINANCING with down payment negotiable
2011 PROPERTY TAXES: $4200.00
SCHOOL DISTRICT: SAWTOOTH ELEMENTARY & COOK COUNTY HIGH SCHOOL

**Information Herein Deemed Reliable But Not Guaranteed.**
**Subject to Change at Any Time.**

Gary Swapinski, Commercial Agent
218 341-1634
whitewolf99@msn.com

Minnesota Resort Sales