16878 County Road 505 Road
Newberry, MI, 49868 $ 1,600,000
Bedrooms-- Baths-- Sq 7,340 Monthly Estimate*
$ 9,982
for $1,600,000. This 7,340 square foot building was built in 1952 on a lot size of 18.24.
Hereâs your chance to own a well-established resort on the shores of Halfway Lake, just 20 minutes north of Newberry. This turn-key business includes eight rental cabins (one is a duplex), a spacious guest house, and a three-bedroom, two-bath ownerâs residence with beautiful lake views from nearly every building on the property. Halfway Lake is a private, no-motor lake, perfect for paddling, fishing, and relaxing. Guests have access to canoes, kayaks, and boats, as well as two docks, a launch area, and a swim-friendly shoreline with Approximately 1,700 feet of shoreline frontage. Itâs a peaceful escape that attracts snowmobilers, UTV/ORV riders, fishermen, and travelers exploring the areaâs many attractions, including nearby Tahquamenon Falls. Each two-bedroom cabin features a kitchen, bathroom, and comfortable living area, offering guests a cozy retreat in a quiet, natural setting. The guest house provides additional space for rentals, visiting friends, or extended family. Also included are a detached garage and a large pole barn for storage or maintenance needs. The current owners have welcomed returning guests for years, maintaining the property with care. Whether youâre looking for a lifestyle change or a smart investment, this resort is ready for new ownership. Donât miss this unique opportunity to run your own business while enjoying lakefront living in Michiganâs Upper Peninsula.
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FeaturesGeneralHeating Forced Air
Cooling Ceiling Fan(s) Central A/C
Roof Metal Shingles
Zoning Lake District (L-3) Mixed Use
Water Drilled Well
Status Active Active
Year Built 1952
Water Heater Propane Hot Water
County Luce
Township McMillan Township
Class COM/IND/BUS OPP
Type Business
Business Type Resort
Business Name Halfway Lake Cottages
Ownership LLC
Municipality McMillan Twp
Section SEC 17
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Area McMillan Twp (48003)
Location Rural
Directions From the intersection of M-28 and M-123 head north on M-123 for 8 miles. Then turn left onto County Road 407 and continue for another 8.1 miles. From there
City Newberry
Financial Terms Cash Commercial Loan Conventional Conventional Blend
Legal Description SEC 17 T47N R10W PRT OF NW 1/4 DESC AS COM @ W 1/4 COR OF SEC 17 TH N 00 DEG 02' 23 E ALG W LN OF SEC 17 1322.97' TO A PT ON CL OF CO RD 505 TH N 15 DEG 48' 17 E ALG CL 127.02' TO POB
DOM 168
Price Per Sq Ft Total AG 217.98
Public Remarks Hereâs your chance to own a well-established resort on the shores of Halfway Lake just 20 minutes north of Newberry. This turn-key business includes eight rental cabins (one is a duplex)
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ExteriorExterior Log Metal Wood
Exterior Amenities Deck/Patio
Frontage 1700
Body of Water Halfway Lake
Lot Size Area 18.24
Lot Dimensions irregular
Well/Septic Inspection Done No
Water Features Water View Waterfront Interior Lake
Roads City/County Gravel Year Round
Waterfront Y/N Yes
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InteriorFuel Type LP/Propane Gas Wood
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* Excluded FeaturesList ByRe/Max SuperiorlandBroker
Affordability Calculator
- Monthly Principal & Interest
- $9,982
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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.
Learn more about how to save NearbyCommerical listings in Newberry, MI
Average List Price $781,633
Percent of Sale Price 51%
About Newberry, MI 1,497 Population
-44% Since 2002
$ 30,477 Median Income
41.07 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/18/2025 | $1,600,000 | | Listed Price |