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Turnkey Investment Opportunity in the Heart of Munising! Don’t miss this rare chance to own a well-established hospitality property in one of Michigan’s top tourist destinations. The Munising Motel features 12 guest rooms along with a separate 2-bedroom home currently operating as a short term rental, offering multiple income streams in a high-demand area. Ideally located near Lake Superior, Pictured Rocks National Lakeshore, ORV and snowmobile trails, and year-round outdoor recreation, this property attracts consistent seasonal and repeat guests. The motel is well-maintained with strong visibility and easy access for travelers exploring the Upper Peninsula. The additional 2-bedroom home provides excellent flexibility—continue using it as a short-term or long-term rental, or utilize it for owner occupancy or on-site management. With established operations, proven income potential, and prime location, this is a turnkey opportunity for investors or owner-operators looking to step into Munising’s thriving tourism market. Financials available to qualified buyers.

Highlights

  • Commercial Sale
  • Business
  • Built in 1947
  • 0.43 Acre Lot
  • 143 days on Market

  • Year Built
    1947
  • Construction Materials
    Block, Concrete
  • Parking Features
    On Site, Parking Lot
  • Interior Features
    High Speed Internet
  • Appliances
    Electric Water Heater
  • Flooring
    Carpet
  • Patio And Porch
    Patio, Deck
  • Cooling
    Ceiling Fan(s), Central Air, Wall/Window Unit(s)
  • Heating
    Forced Air, Natural Gas, Baseboard, Electric
  • Basement
    Crawl Space

  • Acres
    0.43
  • Lot Features
    Cleared
  • Utilities
    Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected, Phone Connected
  • Water
    Public

  • Area
    Munising (02012)
  • County
    Alger
  • City
    Munising
  • Zip Code
    49862

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Frequently Asked Questions

How do I schedule a tour of 332 E Onota St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 332 E Onota St.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 332 E Onota St?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $849,500. We can talk through recent upgrades, potential seller motivation, how this business compares to others in Munising, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 332 E Onota St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 332 E Onota St at around $4,834. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 332 E Onota St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Alger County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 332 E Onota St?

In most cases, yes. Whether 332 E Onota St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Munising's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 332 E Onota St?

We can handle that for you. Our preferred local agent specializes in commercial sales in Munising and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $849,500 with 2,000 sqft of space—that comes out to approximately $425 per square foot.

How long has this property been on the market?

332 E Onota St was listed on June 22, 2026, which means it's been on the market for 143 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1947, making it approximately 79 years old.

What is the lot size of this property?

332 E Onota St sits on a 0.43-acre lot, which is 18,731 square feet.

Is 332 E Onota St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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