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7967 N M-123
Paradise, MI
Offered at: $750,000
Lot Size: 5.13 Acres
Property Type: Acreage
Property Status: Pending
Property Features: 9 Suites, AC/Heat Mini Splits, Central Air Conditioning, Crawl Space, Deck, Electric, Full Kitchens, Guest Laundry, Heat Electric, Nearby Trail Access, On site living quarters, Paved Driveway, Paved parking lot, propane heat, Septic, Terms: Cash or Mortgage, Wall Furnace, Well

IN-CONTRACT! Catch the wave of tourism in Michigan’s Upper Peninsula with this turnkey business. #1 rated hospitality business in Paradise with a strong online presence. Great opportunity for YOU; seller is retiring. Listed below 2023 appraised value. Start making money from day one. Great location in Paradise, gateway to Tahquamenon Falls and iconic Whitefish Point. Successful & profitable Tahquamenon Suites Lodging features 8 air-conditioned vacation suites with kitchens. 1800 sq. ft., 3 BR, 2 BA home with central A/C. 270 ft road frontage on high traffic M-123. 5.13 acres with 3+ acres of untouched mature woods with possibilities for expansion. Direct snowmobile and seasonal ORV trail access. Seller is a licensed MI real estate broker. Complete renovation of all buildings in 2014 with new interiors, electrical, plumbing, heating. 2 of 3 roofs new in 2019. New pavement in 2016. Septic’s are pumped yearly. New well pump 2022. Water treatment system in place. Most bedroom furniture was custom-made by a local craftsman. Walking distance to Paradise restaurants and shops. The property has been well-maintained and features perennial plantings plus an expansive central lawn which could be used for campsites, festivals, farmer’s market, covered pavilion, etc. Furnishings, equipment, linens, name, website, goodwill & future bookings are all included in the sale. Website-integrated, cloud-based booking system w/third-party interface could be continued. Hotel is currently being ran by the owner with contact free check in. Operations could easily bridge to absentee owner/vacation rental format. Owner is willing to assist in transition with new owner.