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Munising Motel 332 E Onota St 12 Room Hotel Munising, MI 49862 $895,000 ($74,583/Room)
Investment Highlights
- Prime downtown Munising location
- Minimal deferred maintenance
- Tourism-driven market
Executive Summary
Property Facts
| Price | $895,000 | Lot Size | 0.43 AC |
| Price Per Room | $74,583 | Building Size | 4,776 SF |
| Sale Type | Investment | No. Rooms | 12 |
| Sale Condition | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1970/2022 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | Commercial | ||
| Price | $895,000 |
| Price Per Room | $74,583 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.43 AC |
| Building Size | 4,776 SF |
| No. Rooms | 12 |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2022 |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
Amenities
- Smoke-Free
- Fiber Optic Internet
- Smoke Detector
About 332 E ONOTA ST , MUNISING, MI 49862
Turnkey Investment Opportunity in the Heart of Munising! Don’t miss this rare chance to own a well-established hospitality property in one of Michigan’s top tourist destinations. The Munising Motel features 12 guest rooms along with a separate 2-bedroom home currently operating as a short term rental, offering multiple income streams in a high-demand area. Ideally located near Lake Superior, Pictured Rocks National Lakeshore, ORV and snowmobile trails, and year-round outdoor recreation, this property attracts consistent seasonal and repeat guests. The motel is well-maintained with strong visibility and easy access for travelers exploring the Upper Peninsula. The additional 2-bedroom home provides excellent flexibility—continue using it as a short-term or long-term rental, or utilize it for owner occupancy or on-site management. With established operations, proven income potential, and prime location, this is a turnkey opportunity for investors or owner-operators looking to step into Munising’s thriving tourism market. Financials available to qualified buyers.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 12 | $169.00 | - |
Property Taxes
| Parcel Number | 02-051-101-001-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $153,000 |
Property Taxes
Contact the Sale Advisor
Munising Motel | 332 E Onota St