Skip To Content

13990 E Chicago Road

Cement City, MI 49233
  • $850,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 24030730
UPDATED: 172 min ago
$850,000
  • 6
    BEDS
  • 5
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 1,488
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

School District:

Description

Discover Motel Somerset on bustling US12, set on 5 acres. This property features 3 buildings with 14 motel rooms and a versatile apartment for a 15th room or Air BnB. Recent renovations and a new business model boosted average daily rates by 20% in May and 34% in June. The ranch home offers 2 beds, 1 bath, and an attached garage- perfect for a long term tenant/ STR or an owner-operator. Located a stone's throw from Lake Somerset, three other lakes within 2 miles (as well as the other 52 Lakes in the Irish Hills area), hotspot for visitors attending events at the Michigan International Speedway, Faster Horses Festival, various wedding and event venues, wineries, a charming cider mill, local parks, and renowned hunting spots. Ideal for investors seeking growth in a prime recreational area. This property is managed using 'Stayntouch' software (PMS) that allows for operation from anywhere. New 'Dormakaba' locks for all units have network connection to allow for automated check in, keypad access through integration with Stayntouch. Booking, check-in and check out can all be done electronically with a smartphone.

Monthly Payment Calculator

© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-07-25T07:56:01.507.
www.teamreaganhomes.com/homes/151741535
Print Image

13990 E Chicago Road Cement City, MI 49233

  • Price: $850,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 172 min ago
  • MLS #: 24030730
6
Beds
5
Baths
0
½ Baths
5
Acres
1,488
SQFT
$571
$/SQFT
1950
Built
Neighborhood:
Somerset Twp
County:
Hillsdale
School District:
Addison
Property Description
Discover Motel Somerset on bustling US12, set on 5 acres. This property features 3 buildings with 14 motel rooms and a versatile apartment for a 15th room or Air BnB. Recent renovations and a new business model boosted average daily rates by 20% in May and 34% in June. The ranch home offers 2 beds, 1 bath, and an attached garage- perfect for a long term tenant/ STR or an owner-operator. Located a stone's throw from Lake Somerset, three other lakes within 2 miles (as well as the other 52 Lakes in the Irish Hills area), hotspot for visitors attending events at the Michigan International Speedway, Faster Horses Festival, various wedding and event venues, wineries, a charming cider mill, local parks, and renowned hunting spots. Ideal for investors seeking growth in a prime recreational area. This property is managed using 'Stayntouch' software (PMS) that allows for operation from anywhere. New 'Dormakaba' locks for all units have network connection to allow for automated check in, keypad access through integration with Stayntouch. Booking, check-in and check out can all be done electronically with a smartphone.
Exterior Features

Attached Garage YN No Construction Materials Aluminum Siding Driveway Paved YN Yes Parking Total 40 Road Surface Type Paved Roof OtherComposition Waterfront YN No

Interior Features

Basement Crawl SpaceFull Basement YN Yes Cooling Window Unit(s)Wall Unit(s) Cooling YN Yes Heating Heat PumpForced AirElectricNatural Gas Heating YN Yes

Property Features

Auction Or For Sale For Sale Cross Street W of US127/ E of S Jackson Rd Documents Available [] Listing Terms CashConventional New Construction YN No Owner Pays Trash CollectionElectricityWaterSewerGas Property Sub Type 5+ Units Sewer Septic System Tax Annual Amount 2595 Tax Year 2023 Tenant Pays None Utilities Phone ConnectedNatural Gas ConnectedElectricity ConnectedCable Connected

Listing provided courtesy of Curtis Watson of BNR Real Estate Group: 1 517-435-1500. © 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-07-25T07:56:01.507.
 
https://bt-photos.global.ssl.fastly.net/swmich/1280_boomver_1_24030730-2.jpg https://bt-photos.global.ssl.fastly.net/swmich/1280_boomver_1_24030730-2.jpg https://bt-photos.global.ssl.fastly.net/swmich/1280_boomver_1_24030730-2.jpg
Logo
Team Reagan Homes | Blackrock Real Estate Services
179 S Calumet Ave
Chesterton IN, 46304