Saturday, December 4 11:00 am
Silver City, MI

Brochure


Description

Rainbow Lodging
Motel – Restaurant – Laundromat
Selling as an Operating Unit
Located on Hwy M-64
100' of Lake Superior Frontage

Property consists of:
12.8 Acres of Land
Lake Frontage with Sandy Beach
8-Unit 2670 Sq. Ft. Motel Building – All 8 units offer different amenities with variations on room layouts and kitchenettes.
4-Unit 960 Sq. Ft. Motel Building – Each unit having a double bed, bath, TV, air conditioning unit, and microwave.
2-Story “Country House” Cabin/Chalet – First floor is 832 Sq. Ft. with one bedroom and bath with Jacuzzi tub. Second Floor is 306 Sq. Ft. with 1 enclosed bedroom and one loft bedroom.
2-Story Cabin/Chalet – First floor is 720 Sq. Ft. with one bedroom and 2 baths. Second Floor is 150 Sq. Ft. with loft area and beds.
Residence/Office – 1232 Sq. Ft. living space with three bedrooms and one full bath. 810 Sq. Ft. office space.
Former Restaurant with Equipment
1080 Sq. Ft. Steel Storage Building

INSPECTIONS:
Saturday, November 20 • 12 PM – 4 PM
Friday, December 3 • 12 PM – 4 PM
Saturday, December 4 • 9 AM – 11 AM
Other times by Appointment.

Payment Information

10% Buyer Premium; non-refundable $15,000 Certified Deposit due on day of sale with a secondary non-refundable deposit within 48 hours of the sale bringing the total deposit amount to 10% of the total purchase price. Final payment is due at closing within 30 days.

Full Terms

Buyers will be asked to show certified funds prior to receiving a bidder’s number. Selling subject to owner confirmation. See Bidder Kit for complete terms. Attorney Stephen Tinti, 906-875-7451, is coordinating the closing.

In all transactions, auctioneer is acting as an Agent for the Seller. All information received from reliable sources believed to be correct but not guaranteed by auction company. Everything is selling AS-IS, WHERE IS WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. Any announcement made at the auction takes precedence over any material published about this event. Buyers are urged to inspect assets prior to purchase. Seller and Auctioneer are not responsible for items. In the event of a dispute, Auctioneer has the final decision. Subject to prior sale. Valid Government ID required to obtain a bidding number.