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13990 E Chicago Road

Somerset Twp, MI 49233
  • $650,000
  • STATUS: Contingent - Continue To Show
  • ON SITE: 19 Days
  • ID#: 55024007084
Under Contract
UPDATED: 65 min ago
$650,000
  • 0
    BEDS
  • 5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:
Area:
Lot Size Dimensions:
400x762

School Ratings & Info

School District:

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.

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IDX provided courtesy of Realcomp II Ltd. via Real Estate For A CAUSE and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real Estate For A CAUSE are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-03-02T22:57:47.127.
www.refacmi.com/homes/147528415
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13990 E Chicago Road Somerset Twp, MI 49233

  • Price: $650,000
  • Status: Contingent - Continue To Show
  • On Site: 19 Days
  • Updated: 65 min ago
  • ID#: 55024007084
0
Beds
0
Baths
0
½ Baths
5
Acres
1950
Built
Neighborhood:
Somerset Twp
County:
Hillsdale
Area:
Somerset Twp
School District:
ADDISON
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.
Exterior Features

Construction Materials Aluminum Foundation Details CrawlSlab Lot Size Dimensions 400x762 Multifamily Parking GaragesPaved Parking Total 40 Road Frontage Feet 400 Road Frontage Type Paved Roof Material CompositionOther Waterfront YN No

Interior Features

Basement Type Walkout Access Basement YN Yes Cooling Central AirWindow Unit(s) Heating BaseboardForced AirWall/Floor Furnace Heating Fuel Natural Gas Interior Features Laundry FacilityCable Available Laundry Facilities YN Yes Room Count 0 Unit One Bed Number Of 1 Unit Three Bed Number Of 1

Property Features

Accessibility Features Accessible Approach with RampAccessible EntranceOther Accessibility Features Down Payment Resource YN No Land Contract YN No Listing Financing CashConventionalTrade/Exchange Postal City Cement City Settlement Township Sewer Septic Tank (Existing) Short Sale Unknown Tax Amount Summer 2595.0000 Total Tax 2595.0000 Transaction Type Sale Unparsed Address 13990 E Chicago Road Water Source Well (Existing)

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via BNR Real Estate Group: (517) 435-1500 and Jackson Area AOR MLS, ©2024 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Real Estate For A CAUSE and Realcomp II Ltd.. © 2024 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Real Estate For A CAUSE are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2024-03-02T22:57:47.127.
 
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Grand Blanc MI, 48439