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Investment Highlights

  • Located in Downtown St. Ignace, MI
  • One of few hotels in St. Ignace open year around
  • Walking distance to Mackinaw Island Ferries and downtown shops, entertainment, and dining

Executive Summary

Prime location in Downtown St. Ignace, MI within walking distance to downtown shops, restaurants, and entertainment.
Current absentee owner needs hands on owner operator.

Property Facts

Price $4,800,000
Price Per Room $82,759
Sale Type Investment
Sale Conditions
1031 Exchange
  • Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.64 AC
Building Size 41,749 SF
No. Rooms 58
No. Stories 2
Year Built 1988
Corridor Interior
Opportunity Zone Yes
Zoning C - Commercial

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Spa
  • Meeting Event Space

About 700 N STATE ST , SAINT IGNACE, MI 49781

58 total rooms with various room types including oversized suites, indoor pool and spa, breakfast area, fitness room, arcade room, and elevator.

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 16 $142.00 -
Guest Room 42 $117.00 -
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
49052-660-001-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$866,700
  • Listing ID: 40510295

  • Date on Market: 5/13/2026

  • Last Updated:

  • Address: 700 N State St, Saint Ignace, MI 49781

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