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Laker Inn Motel 1712 Ashmun St 12 Room Hotel Sault Sainte Marie, MI 49783 $350,000 ($29,167/Room)
Executive Summary
Located on a high-visibility corridor in the heart of Sault Ste. Marie, this 13-unit hospitality property, inclusive of an
attached single-family residence, offers unmatched value at just ~$27k per unit and ~$66 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 long-term rental demand is already strong thanks to very low supply
and proximity to Lake Superior State University. At $350,000, 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. One of the owners
is a licensed realtor and this property may be bought as a package with 1707 Ashmun.
attached single-family residence, offers unmatched value at just ~$27k per unit and ~$66 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 long-term rental demand is already strong thanks to very low supply
and proximity to Lake Superior State University. At $350,000, 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. One of the owners
is a licensed realtor and this property may be bought as a package with 1707 Ashmun.
Property Facts
| Price | $350,000 | Building Size | 5,628 SF |
| Price Per Room | $29,167 | No. Rooms | 12 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1960 |
| Property Subtype | Hotel | Parking Ratio | 1.78/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.32 AC | Opportunity Zone |
Yes
|
| Zoning | B3 | ||
| Price | $350,000 |
| Price Per Room | $29,167 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 5,628 SF |
| No. Rooms | 12 |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.78/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | B3 |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 12 | $75.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 051-543-005-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $97,200 |
Property Taxes
Parcel Number
051-543-005-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$97,200
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Laker Inn Motel | 1712 Ashmun St
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