Cement City, MI 49233,13990 E Chicago Road
Cement City, MI 49233,13990 E Chicago Road
Cement City, MI 49233,13990 E Chicago Road
Cement City, MI 49233,13990 E Chicago Road
Cement City, MI 49233,13990 E Chicago Road
Cement City, MI 49233,13990 E Chicago Road
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$630,000

$650,000

3.1%
Est.Price: ?

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Est. payment /mo

5 Acres Lot


SOLD DATE : 04/19/2024

Key Details

Sold Price $630,000

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Sold

Purchase Type For Sale

Municipality Somerset Twp

MLS Listing ID 24007084

Sold Date 04/19/24

Originating Board Michigan Regional Information Center (MichRIC)

Year Built 1950

Annual Tax Amount $2,595

Tax Year 2023

Lot Size 5.000 Acres

Acres 5.0

Lot Dimensions 400x762

Property Description

Located in the heart of the lake country, Somerset Motel continues to be a staple in the community for over 37 years serving everyday travelers, Michigan Speedway guests, Faster Horses fans, golf outing group, wedding parties, and family reunions. Offered for sale is the 1900 sq. ft. home with 14 rental units and a community room, all on five acres. The sprawling ranch home features a business office, 3 bedrooms, 3 bathrooms, living room, kitchen, dining room, walk-up attic, and full walkout basement with commercial laundry. The home offers garage space for 3 vehicles. The N units and community room (bonus income) total 2130 sq. ft. and the W units total 2450 sq. ft. All units on the property are furnished and have refrigerator, microwave, heat, A/C, cable TV, ...(more remarks)... ...(more remarks)... Wi-Fi, and phones. On 5 acres, huge yards offer firepit and room tents, pavilion, and outdoor games. Opportunity exists to be an onsite owner or make the home 1 or 2 additional units. Do not trespass, disturb owners, or disturb tenants. Cash, Commercial Loans, 1031 Exchanges. 15% CAP RATE. No Land Contract sales. Qualified Purchasers should contact a Commercial Realtor with your questions or schedule a private tour.

Location

State MI

County Hillsdale

Area Hillsdale County - X

Direction US12 (Chicago Rd) WEST of US127

Rooms

Basement Crawl Space, Slab, Walk Out, Full

Interior

Heating Wall Furnace, Forced Air, Baseboard, Natural Gas

Cooling Window Unit(s), Central Air

Fireplaces Number 3

Laundry In Basement

Exterior

Parking Features Asphalt, Driveway, Paved

Utilities Available None Available, Phone Connected, Natural Gas Connected, Electric Connected, Cable Connected

View Y/N No

Roof Type Other,Composition

Street Surface Paved

Handicap Access Ramped Entrance

Total Parking Spaces 40

Building

Lot Description Level

Sewer Septic System

Structure Type Aluminum Siding

New Construction No

Schools

School District Addison

Others

Tax ID 04-011-400-003-11-5-1

Acceptable Financing Cash, Conventional, Tax Def Exchange

Listing Terms Cash, Conventional, Tax Def Exchange

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Listed by BNR Real Estate Group
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