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1300 Spring St
Petoskey, MI 49770
Petoskey Inn · Hospitality Property For Sale
·
30,576 SF
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 30,576 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1968/2021 |
| Lot Size | 1.58 AC | Parking Ratio | 3.01/1,000 SF |
| Construction Status | Demolished | Corridor | Exterior |
| Zoning | B-3 - General Business | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.58 AC |
| Construction Status | Demolished |
| Building Size | 30,576 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1968/2021 |
| Parking Ratio | 3.01/1,000 SF |
| Corridor | Exterior |
| Zoning | B-3 - General Business |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
ABOUT 1300 SPRING ST , PETOSKEY, MI 49770
Americas Best Value Inn of Petoskey offers 81 rooms, 2 story interior and exterior corridors. The hotel is located near a number of demand generators including Petoskey Gas light shopping district and Odawa Casino. This is a smoke-free hotel featuring an indoor pool, hot tub, sauna, fitness center, breakfast area, and business center. It also provides complimentary continental breakfast, free Wi-Fi. Room amenities include microwave, refrigerator, coffee makers, hair dryers, iron & board and 40" flat-screen TVs with cable channels. This property has an absentee owner GM and offers significant upside potential with more hands-on management. Listed at less than 2.5x revenue. 2016 Revenue $700k Outstanding location off Hwy 131. Walking distance to many great restaurants, grocery stores and shopping.
PROPERTY TAXES
| Parcel Number | 52-19-07-100-004 | Improvements Assessment | $248,800 |
| Land Assessment | $62,100 | Total Assessment | $310,900 |
PROPERTY TAXES
