663 Cloverland DrIronwood, MI 49938

This exceptional investment opportunity in Ironwood, Michigan, presents a unique blend of hospitality and residential real estate. The property encompasses five buildings situated on a substantial 34,848 square foot lot. The main structure, an 8,000 square foot, single-story motel, boasts eight guest rooms, an office, and a full basement, offering significant potential for renovation or expansion. Built in 1960 and extensively renovated in 2019, the motel presents a blend of vintage charm and modern updates. Adding to its appeal are three separate houses located on the same property, providing additional income streams or versatile housing options for staff or owners. This turnkey operation is priced at $419,000, representing a compelling price per square foot of $52.38 and a price per bed of $52,375. The property's location in Gogebic County, Michigan, at 663 E. Cloverland Drive, zip code 49938, offers excellent access to local amenities and attractions. Seller financing is available with attractive terms, making this an even more accessible and lucrative investment. Don't miss this chance to acquire a well-established, income-generating property with substantial growth potential.