Log In/Sign Up
Your email has been sent.
The Cedars Motel 2040 I-75 Business Loop 11 Room Hotel Saint Ignace, MI 49781 $852,126 CAD ($77,466 CAD/Room) 14.17% Cap Rate
Investment Highlights
- 11-key economy motel with ~$100,000 in recent renovations, no deferred maintenance
- Priced to Move — Offered at ~$54,500/door with significant upside for an owner-operator in one of Northern Michigan's most visited seasonal markets
Executive Summary
Rare opportunity to acquire an operating economy motel in the heart of Saint Ignace — one of Northern Michigan's busiest tourist gateways. Ideally positioned on the I-75 Business Loop with direct highway visibility, the property benefits from consistent drive-by traffic from Mackinac Island ferry visitors, Upper Peninsula travelers, and summer tourism throughout Mackinac County.
Property Facts
| Price | $852,126 CAD | Building Size | 4,521 SF |
| Price Per Room | $77,466 CAD | No. Rooms | 11 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 14.17% | Year Built/Renovated | 1955/2023 |
| Property Type | Hospitality | Parking Ratio | 2.65/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.43 AC | ||
| Zoning | Commercial | ||
| Price | $852,126 CAD |
| Price Per Room | $77,466 CAD |
| Sale Type | Investment |
| Cap Rate | 14.17% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 4,521 SF |
| No. Rooms | 11 |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2023 |
| Parking Ratio | 2.65/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | Commercial |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 11 | $100.83 CAD | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 49011-550-121-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $119,724 CAD |
Property Taxes
Parcel Number
49011-550-121-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$119,724 CAD
1 of 35
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Shorewood Companies
The Cedars Motel | 2040 I-75 Business Loop
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.