27837 US41 Highway Michigamme, MI $ 559,900
27837 US41 Highway
$ 559,900
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27837 US41 Highway

Michigamme, MI, 49861
$ 559,900
Baths0.0 Sq 3,986

Monthly Estimate*

$ 3,911

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Studio

Commercial Property for sale in Michigamme, MI

for $559,900. This 3,986 square foot building was built in 1962 on a lot size of 3.43.

What an incredible opportunity! This one story, 10 guest room motel (outside room access) sits directly on US 41 in the heart of Michigan's Upper Peninsula. The motel was built in 1962 & is situated perfectly on just under 4 acres. Motel guests include leisure and business travelers, cross-country travelers on US 41, construction works, sportsmen & folks visiting family living locally. The motel is open year-round but could be seasonal if preferred. The motel includes a 2-bedroom completely renovated owners unit in the middle of the motel with a 1/2 basement and a great layout. Motel was recently updated w/all new energy efficient double pane vinyl frame windows and the rear of the motel has been resided. The motel office has a continental breakfast, seating area for guests & a small gift shop with unique U.P. items. The front of the motel can accommodate parking for cars, large vehicles, campers, trailers and boats. The guests like that they can park outside their room for easy access. The backyard is huge - the fire pit is the focal point of this area. The possibilities are endless - add a gazebo, tents for large gatherings & horseshoe pits. Storage is taken care of - between the detached garage, pole building, workshop and shed there is more than enough room for vehicles, lawn care & snow removal equipment. The mailing address is Michigamme but the hotel is located in Three Lakes (5 miles west of Michigamme). The motel is adjacent to three beautiful lakes including Beaufort and Ruth (public access) and also Lake George (private). The motel is located near Craig Lake State Park, Van Riper State Park, McCormick Trails, Canyon Falls and has direct access to Trail #8 (snowmobile trail). Centrally located and about an hour from Marquette (Northern Michigan University) or Houghton (Michigan Technological University). Located in a 4 seasons wonderland the possibilities for this commercial property are endless.

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Commercial Active

Price

$ 559,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,700

Style

Commercial/Industrial

Lot Size

3.43

Year Built

1962

Town/City

Michigamme

County/Region

Marquette

MLS | Web ID

50122250

Features
General
Heating Baseboard
Roof Rubber
Exterior Features Deck/Patio
Zoning PER THE TOWNSHIP: Commercial
Water Private Well
Status Active Active
Year Built 1962
Parking 11-20 Spaces
Water Heater Electric
County Baraga
Class COM/IND/BUS OPP
Type Commercial/Industrial
Percent Ownership Private
Municipality Spurr Twp
Subdivision MI
Commercial Features Living Quarters Living Quarters Attached
Area Spurr Twp (07010)
Primary City Michigamme
Directions US41 West to Three Lakes. Motel on the right.
City Michigamme
Street Name US41
Financial Terms Cash Commercial Loan
Legal Description SP-17 8/1 GL4E1 SEC 17 T48N R31W PRTOF GOV'T LOT 4 COM AT E 1/4 COR OFSEC 17 TH W 1 123.99' TH S 873.18' TON R/W LN OF HWY US-41 & M-28 TH E'LYALG R/W LN 216.6' TH N ALG R/W LN25.5'
DOM 228
Postal Code 49861
Price Per Sq Ft 140.47
Coming Soon What an incredible opportunity! This one story
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Exterior
Exterior Hardboard Vinyl Siding
Frontage 400
Body of Water none
Lot Size Area 3.43
Lot Dimensions 400x182
Water Features None
Roads Class A
Waterfront Y/N No
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Interior
Fuel Type LP/Propane Gas
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* Excluded Features
List By
KELLIE HILLIER-GENSCHAW

Listing Agent

Re/Max 1St Realty

Broker

kellie5@earthlink.net

Email

Affordability Calculator

$4,219
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,911
Monthly Property Taxes
$308
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/16/2023$559,900 Listed Price

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27837 US41 Highway, Michigamme, MI, 49861 is a Commercial Property for sale at $559,900 with 3,986 sqft and a lot size of 3.43. 27837 US41 Highway is a studio with 0.0 baths and was built in 1962. The property's zip code is 49861 which is in Michigamme, MI