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327 W Portage

Sault St Marie, MI 49783
  • $2,800,000
  • STATUS: Active
  • ON SITE: 56 Days
  • MLS #: 1919461
$2,800,000
  • 0
    BEDS
  • 2.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,000
    SQFT
  • $215
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1970
County:
Area:

School Ratings & Info

Description

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 Marys 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.

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The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-04-03T23:52:00.493.
www.brickcorbett.com/homes/147736731
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327 W Portage Sault St Marie, MI 49783

  • Price: $2,800,000
  • Status: Active
  • On Site: 56 Days
  • MLS #: 1919461
0
Beds
0
Baths
0
½ Baths
2.36
Acres
13,000
SQFT
$215
$/SQFT
1970
Built
Neighborhood:
The Lockview Motel
County:
Chippewa
Area:
Chippewa
Property Description
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 Marys 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.
Exterior Features

Construction Frame Exterior Features Vinyl Foundation SlabOther Lot Dimensions 225 X 450 Parking Parking LotStreet Parking Road Public Maintained Roof Asphalt

Interior Features

Heating Cooling Type Forced AirWindow Air ConditionerDuctless A/C

Property Features

Business Incl Yes Business Name The Lockview Motel Deeded Waterfront No Documents On File Financial Eco Features No Extras Phone SystemSprinkler System Heating Cooling Source Natural Gas Included In Lease None Inventory Incl Yes Licenses Other Listing Agreement Type Exclusive Right to Sell Location Freestanding Possession At Closing Present Use Recreational/Resort Renewable Other Sale Or Lease For Sale Sale Rent For Sale Section Number 21 Sewer Municipal Terms Commercial LoanCash1031 Exchange Township Soo Type Hospitality Type Of Ownership Private Owner Univs Design Barrier Free None Vacant Land No Water Municipal Water Water Conservation Other Zoning CommercialMotel/Hotel

Listing information © 2024 Northern Great Lakes REALTORS© MLS.
Listing provided courtesy of Berkshire Hathaway Home Svcs: 231-547-9905.



The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. © 2024 Northern Great Lakes REALTORS© MLS. All rights reserved. Data last updated: 2024-04-03T23:52:00.493.
 
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