14774 Laplaisance Road

For Sale$2,000,000

14774 Laplaisance Road, Monroe, MI 48161

  • Hotel / Motel

14774 Laplaisance Road, Monroe, MI 48161 - Hotel / Motel Space

14774 Laplaisance Road is located at 14774 Laplaisance Road in MI, Monroe, 48161.

Also from Marcus & Millichap

Details

  • Sale Price $2,000,000
  • City Monroe
  • Zip Code 48161
  • Market Detroit
  • Property Type Hotel / Motel
  • Property Tenancy Multi-Tenant
  • Date Updated 21 May, 2019

Description

Marcus & Millichap's National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Baymont Inn and Suites in Monroe, Michigan.

The hotel is a 62-room, interior corridor 2 story hotel with indoor pool and spa. The subject property is directly off Interstate 75 with favorable egress/ingress. The property is known for having many repeat clients coming into the area.

A New Owner can implement a more hands-on approach in ownership, taking advantage of proven marketing opportunities and execute revenue management strategies.

Monroe is the home to several major corporations including the Monroe Power Plan, Lazy Boy Head Quarters, Tenneco Automotive, Detroit Edison Plant, and the Fermi Nuclear Plant attracting various employer divisions. Demand Generators are DTE, Consumers Energy, FERMI nuclear plant, PSC, Tennenco Automotive, Milan Dragway, Lazy Boy, Gerdau Steel, Promedica Hospital, River Raisin center for Arts, API Construction Company, Advanced Heat treat, Center for Life Enhancement, Monroe County Community College, Travel Centre of America, State of Michigan, Meijers, Charter Communications, Newkirk and Veolia Environmental etc.

Monroe County Demographics

The average household income in zip code 48161 is $64,521, from a total of 10,570 households. In terms of employment, there are 69.13 % white-collar and 30.87 % blue-collar jobs in zip code 48161.

Population

  • Total Population185,872
  • Male Population(49.7 %) 92,378
  • Female Population(50.3 %) 93,494
  • Median Age42.50

Income/Financial

  • Average Household Income$81,326
  • Median Household Income$68,205
  • Median Income Under 25$39,245
  • Median Income 25-44$73,750
  • Median Income 45-64$79,364
  • Median Income Over 65$45,706

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Jasdeep Sohi

Marcus & Millichap

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