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2493 US Highway 41 W
Marquette, MI 49855
Cedar Motor Inn · Hospitality Property For Sale
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43 Rooms
Investment Highlights
- Part of a 3 Property Portfolio - Cedar Motor Inn, Brentwood Motor Inn, & Econo Lodge Lakeview - Available Individually or as a Portfolio!
- 182 keys total: (42 Keys – Brentwood, 88 Keys – Cedar, 52 Keys - Econo Lodge) – Well-maintained with recent improvements at all 3 hotels
- Marquette is the largest city in the Upper Peninsula of Michigan (MSA Population of over 67,000; Over 1,000,000 out of market travelers annually)
- Combined April T12 Room Revenue over $3.4M, with Combined NOI of $1.4M! Combined NOI 40% Flowthrough!
- Excellent locations off US Hwy 41 (all three properties) – US Hwy 41 is the busiest highway in the Upper Peninsula of Michigan with an AADT of 30K!
- Less than 5 miles from Northern Michigan University (Over 7,000 Students Enrolled) & Less than 18 miles from Sawyer International Airport
Property Facts
| Property Type | Hospitality | No. Rooms | 43 |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1955/2024 |
| Lot Size | 1.87 AC | Corridor | Exterior |
| Building Size | 16,736 SF | ||
| Zoning | C1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.87 AC |
| Building Size | 16,736 SF |
| No. Rooms | 43 |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2024 |
| Corridor | Exterior |
| Zoning | C1 |
Amenities
- Pool
- Indoor Pool
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 43 | $60.00 | - |
Property Taxes
| Parcel Number | 52-08-021-041-20 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $688,100 |
Property Taxes
Parcel Number
52-08-021-041-20
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$688,100
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