Thursday, June 4 11:00 am
Petoskey, MI
Brochure
Description
Beautifully Maintained Property!
US 131/Spring & Sheridan Street Frontage
85 Rooms in 2 Buildings
37,215 Sq. Ft. on 1.79± acres
23,136 Sq. Ft. North Building – 63 Rooms
with $800,000 upgrades since ‘04
14,079 Sq. Ft. South Building – 22 Rooms
10 King Hot tub Suites
10 Queen Doubles with Spa tubs
2 Business Suites with Spa tubs
2 Family 2-Room Units
13 Queen Singles
15 Double/Double • 22 Queen/Queen
Newer High Energy Efficient Boiler
Electrical & Plumbing Upgrades
95 Car Parking Lot
Zoned B-3a Resort Commercial District
Indoor Pool, Whirlpool, Sauna,
Guest Exercise Room & Game Room
Continental Breakfast Room • Wireless Internet
Located in Resort Community on Lake Michigan Bay Inlet
Currently Operating!
Excellent Opportunity for New Owner!
Auction will be held On-Site
INSPECTIONS
Monday, May 11, 12:00 PM – 4:00 PM
Tuesday, May 12, 12:00 PM – 4:00 PM
Wednesday, June 3, 12:00 PM – 4:00 PM
Thursday, June 4, 9:00 AM – 11:00 AM
Other times by Appointment.
BROKER PARTICIPATION: Broker Participation is welcome, but not required. A 1% Commission will be paid to the licensed Michigan broker who registers the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, or on behalf of any business entity in which he/she holds an interest, is not entitled to a commission.
US 131/Spring & Sheridan Street Frontage
85 Rooms in 2 Buildings
37,215 Sq. Ft. on 1.79± acres
23,136 Sq. Ft. North Building – 63 Rooms
with $800,000 upgrades since ‘04
14,079 Sq. Ft. South Building – 22 Rooms
10 King Hot tub Suites
10 Queen Doubles with Spa tubs
2 Business Suites with Spa tubs
2 Family 2-Room Units
13 Queen Singles
15 Double/Double • 22 Queen/Queen
Newer High Energy Efficient Boiler
Electrical & Plumbing Upgrades
95 Car Parking Lot
Zoned B-3a Resort Commercial District
Indoor Pool, Whirlpool, Sauna,
Guest Exercise Room & Game Room
Continental Breakfast Room • Wireless Internet
Located in Resort Community on Lake Michigan Bay Inlet
Currently Operating!
Excellent Opportunity for New Owner!
Auction will be held On-Site
INSPECTIONS
Monday, May 11, 12:00 PM – 4:00 PM
Tuesday, May 12, 12:00 PM – 4:00 PM
Wednesday, June 3, 12:00 PM – 4:00 PM
Thursday, June 4, 9:00 AM – 11:00 AM
Other times by Appointment.
BROKER PARTICIPATION: Broker Participation is welcome, but not required. A 1% Commission will be paid to the licensed Michigan broker who registers the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, or on behalf of any business entity in which he/she holds an interest, is not entitled to a commission.
Payment Information
$100,000 Certified Deposit due on day of sale, with a deposit equal to 10% due within 2 business days, and balance due within 30 days.
Full Terms
7% Buyer Premium. Selling Subject to Owner Confirmation. Attorney David Hipp, Bodman LLP, 248-743-6000, is coordinating the closing.
Real Estate is selling AS-IS, WHERE-IS WITH NO WARRANTIES OR GUARANTEES, EXPRESS OR IMPLIED. See Bidder Kit for Complete Terms. All information received from reliable sources believed to be correct but not guaranteed by auction company. Any announcement made at the auction will take precedence over any material published about this event. In all transactions, Auctioneer is acting as an agent for the Seller. Valid Government Issued Photo ID required to obtain bidding number.
Real Estate is selling AS-IS, WHERE-IS WITH NO WARRANTIES OR GUARANTEES, EXPRESS OR IMPLIED. See Bidder Kit for Complete Terms. All information received from reliable sources believed to be correct but not guaranteed by auction company. Any announcement made at the auction will take precedence over any material published about this event. In all transactions, Auctioneer is acting as an agent for the Seller. Valid Government Issued Photo ID required to obtain bidding number.