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Royal Motel 1707 Ashmun St 22 Room Hotel Sault Sainte Marie, MI 49783 $450,000 ($20,455/Room)
Executive Summary
Located on a high-visibility corridor in the heart of Sault Ste. Marie, this 21-unit hospitality property offers unmatched
value at just ~$21,400 per unit and ~$69 per square foot. The $3.22 billion Soo Locks expansion project brings an influx
of construction workers, engineers, contractors, and government personnel to the area through at least 2030, while longterm
rental demand is already strong thanks to very low supply and proximity to Lake Superior State University. At
$450,000, this asset is priced to move and offers a clear path to immediate cash flow with multiple exit strategies for
investors, developers, and owner/operators alike. A new flat roof was just installed and ongoing renovations are being
done daily. This property may be bought as a package with 1712 Ashmun.
value at just ~$21,400 per unit and ~$69 per square foot. The $3.22 billion Soo Locks expansion project brings an influx
of construction workers, engineers, contractors, and government personnel to the area through at least 2030, while longterm
rental demand is already strong thanks to very low supply and proximity to Lake Superior State University. At
$450,000, this asset is priced to move and offers a clear path to immediate cash flow with multiple exit strategies for
investors, developers, and owner/operators alike. A new flat roof was just installed and ongoing renovations are being
done daily. This property may be bought as a package with 1712 Ashmun.
Property Facts
| Price | $450,000 | Building Size | 7,390 SF |
| Price Per Room | $20,455 | No. Rooms | 22 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1980 |
| Property Subtype | Hotel | Parking Ratio | 5.01/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.75 AC | ||
| Zoning | BI - Commercial | ||
| Price | $450,000 |
| Price Per Room | $20,455 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 7,390 SF |
| No. Rooms | 22 |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 5.01/1,000 SF |
| Corridor | Exterior |
| Zoning | BI - Commercial |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 22 | $43.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 051-243-010-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $158,500 |
Property Taxes
Parcel Number
051-243-010-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$158,500
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Royal Motel | 1707 Ashmun St
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