Iron Mountain Inn & Suites MI US 2 2702 N Stephenson Ave 71 Room Hotel Iron Mountain, MI 49801 $1,500,000 ($21,127/Room)

Located along North Stephenson Avenue in Iron Mountain, this hospitality asset presents a significant investment opportunity in Michigan’s Upper Peninsula tourism corridor. Spanning approximately 24,852 square feet, the motel comprises 71 rooms and is equipped with amenities designed to support both short- and long-term guest stays. The facility includes a fitness center, a large 21-by-41-foot indoor pool, a spa-style hot tub, and a sauna (currently inactive). Additional guest conveniences include a dedicated breakfast room, a conference area, a business-ready meeting space, and laundry facilities for both guests and staff.
The property sits on a highly visible thoroughfare with strong vehicular traffic and connects directly to the regional highway network, positioning it advantageously near key attractions, recreation hubs, and local business districts. With its extensive amenity package and operational infrastructure, the asset is primed for repositioning, brand conversion, or continued hospitality use under existing management. Attractive pricing at $2,100,000 creates a compelling value proposition for investors targeting leisure and business traveler-driven markets in the Upper Peninsula.