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Travelodge by Wyndham Canton/Livonia Area, MI 40500 Michigan Ave 83 Room Hotel Canton, MI 48188 $3,799,999 ($45,783/Room)
Executive Summary
Experience a prime investment opportunity at the Travelodge by Wyndham Canton/Livonia Area located at 40500 Michigan Ave, Canton MI 48188. This lucrative property features 83 units within a well-maintained 27,686 SF building on a spacious 2.04-acre lot. Built in 1988 and renovated in 2012, the property offers a solid investment foundation in an area with strong demographics, including a 2024 median household income of $71,051 within 1 mile. Priced attractively at $3,799,999 ($137.25 PSF), this property presents an excellent opportunity for investors seeking a profitable venture. With C-4 General Comm. zoning, ample parking with a ratio of 1.08/room, and numerous amenities, this Travelodge is ready to provide a comfortable stay for guests while ensuring a lucrative return on investment for the new owner. Don't miss out on the chance to own a thriving hospitality business in a sought-after location - contact us today to discover more about this exceptional property.
Property Facts
| Price | $3,799,999 | Building Size | 27,440 SF |
| Price Per Room | $45,783 | No. Rooms | 83 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1988/2018 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Lot Size | 2.04 AC | Corridor | Exterior |
| Zoning | C-4 - Cm - Commercial | ||
| Price | $3,799,999 |
| Price Per Room | $45,783 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.04 AC |
| Building Size | 27,440 SF |
| No. Rooms | 83 |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2018 |
| Tenancy | Single |
| Parking Ratio | 1.2/1,000 SF |
| Corridor | Exterior |
| Zoning | C-4 - Cm - Commercial |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $82.00 | - |
| Guest Room | 81 | $72.00 | - |
Property Taxes
| Parcel Number | 71-099-99-0012-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,103,000 |
Property Taxes
Parcel Number
71-099-99-0012-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,103,000
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Travelodge by Wyndham Canton/Livonia Area, MI | 40500 Michigan Ave
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