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$1,200,000 For Sale

8230 Highland Road
White Lake Twp, MI 48386

20 units |
8,413 sq ft,
1.51 acre lot
Commercial: Commercial - MLS# 217031167
Property Photo
1/25

Description

20 UNIT MOTEL ON ALL SPORTS PONTIAC LAKE. 130' OF FRONTAGE ON LAKE. 12 INDIVIDUAL (1 BEDROOM) CABINS. EACH CABIN HAS A GAS WALL UNIT SPACE HEATER & SMALL ELECTRIC WATER HEATER. 8 MOTEL ROOMS WITH 1 LARGE GAS HEATER/WATER HEATER. EACH MOTEL ROOM HAS INDIVIDUAL HEAT & AIR. ALL UNITS HAVE WALL UNIT AIR CONDITIONERS. EACH UNIT IS CURRENTLY RENTED FOR $165.00/WEEK. CURRENTLY FULL. HIGH TRAFFIC AREA ON HIGHLAND RD (M-59), 61' OF FRONTAGE. LAND CONTRACT TERMS AVAILABLE.

Features

  • Acres: 1.5100
  • Airport YN: 1
  • Architecture Level: 1 Story
  • Commercial Type: Apartments
  • Construction Materials: Wood, Other
  • County/Area: Oakland County
  • Distance To Airport: 3
  • Foundation Details: Slab
  • Foundation Materials: Poured
  • Frontage Feet: 61
  • Gross Scheduled Income: 160000.00
  • Heating: Forced Air, Space Heater
  • Heating Fuel: Natural Gas
  • Listing Financing: Cash, Conventional, Land Contract
  • Listing Status: Active
  • Lot Dimensions: 61X1100
  • Monthly Sales: 13200
  • Operating Expense: 34842.00
  • Originating MLS: Realcomp Ii Ltd
  • Ownership Status: Private Owned, Short Sale - No
  • Percent Leased: 100
  • Property Type: Commercial
  • Road Frontage Type: Class A
  • School District: Waterford
  • Sewer: Septic-Existing
  • Sq.Ft.: 8413
  • Sqft Main: 8413
  • Sqft Office: 1883
  • Sqft Source: Prd
  • Sub Type: Commercial
  • Unit One Bed Number Of: 20
  • Units: 20
  • Water Frontage Feet: 130.00
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water, Water At Street
  • Year Built: 1957
  • Zip Code: 48386
  • Zoning: Commercial
  • Waterfront: Water Front, Pontiac Lake, 1

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Wilhelm & Associates Realtors
6485 Dixie Hwy.
Clarkston, MI 48346
(248) 625-9500

Wilhelm & Associates, Realtors is an Equal Opportunity Employer and supports the Fair Housing Act.

Wilhelm & Associates Realtors is the largest independent real estate company in Michigan. We dominate the real estate market in Oakland County. View Michigan homes for sale in Clarkston, Waterford, Birmingham, Bloomfield Twp., Commerce, White Lake, and many more. Visit any of our sources to find Michigan Real Estate including vacant land, waterfront homes, commercial real estate in Michigan and other residential Michigan homes for sale.