27672 - 27819 US 41 Highway # Two Commercial Properties Michigamme, MI $ 525,000
27672 - 27819 US 41 Highway # Two Commercial Properties
$ 525,000
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27672 - 27819 US 41 Highway # Two Commercial Properties

Michigamme, MI, 49861
$ 525,000
Bedrooms-- Baths-- Sq 4,658

Monthly Estimate*

$ 3,275

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Commercial Property for sale in Michigamme, MI

for $525,000. This 4,658 square foot building was built in 1950 on a lot size of 1.38.

MICHIGAN HOSPITALITY DESTINATION! Set among the sparkling waters and forested beauty of Michigan’s Upper Peninsula, this exceptional property presents a rare chance to own a thriving lakeside business and lifestyle retreat in one package. - Overlooking 350 feet of scenic frontage between Ruth Lake and George Lake, in Spurr Township's Three Lakes Region, the property is home to The Bear’s Paw — a well-established 10-bedroom, 10-bath resort and motel that has long welcomed vacationers, hunters, and travelers seeking the authentic Northwoods experience. - The lodge offers more than 3,100 square feet of warm, inviting space featuring pine finishes, comfortable guest suites, and recent updates throughout. Modern touches include remodeled baths, LED televisions, multiple refrigerators, air-conditioning units, and quality bedding. - A private dock and four outbuildings provide ample room for storage and recreation, which may include watercraft and outdoor gear — fishing boat, kayaks, canoes, and life jackets — encouraging guests to enjoy the best of Michigan’s outdoor lifestyle right from the shore. - Also on site is a spacious two-bedroom, two-bath manager’s residence complete with a full kitchen, dining room, and office space, offering comfort and flexibility for owner-operators or staff. - Enhancing the guest experience, The Bear’s Den bar is included in the sale and also currently open to the public, providing a welcoming spot for good food, drinks, and conversation after a day on the lake or trail. - Together, The Bear Paw Inn and The Bear’s Den form a complete hospitality destination — fully licensed and operational, well-maintained, and ready for its next chapter. Contact us for Information Today! Surrounded by endless recreational possibilities — from fishing and boating to hundreds of miles of nearby ATV trails and abundant hunting lands — this rare Northern Michigan compound combines income potential with the peace and charm of lakefront living. Here, business and pleasure truly meet on the water’s edge.

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Commercial Active

Price

$ 525,000

Property Type

Commercial

Taxes

$ 5,271

Style

Business

Lot Size

1.38

Year Built

1950

Town/City

Michigamme

County/Region

Marquette

MLS | Web ID

50194326

Features
General
Heating Space Heater
Cooling Ceiling Fan(s)
Roof Shingles
Zoning Waterfront Commercial
Water Private Well
Status Active Active
Year Built 1950
Parking 21+ Spaces Parking Lot
Water Heater Electric Propane Hot Water
County Baraga
Township Spurr Township
Class COM/IND/BUS OPP
Type Business
Business Type Motel/Resort/Restr/Tavern
Ownership Private
Municipality Spurr Twp
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Flood Insurance Unknown
Commercial Features 110 Volt Power 220 Volt Power Additional Bldg(s) Cable Internet Installed Cable TV Available Cafe/Kitchen Carpet Ceramic Floor Concrete Floor Internet Available Delivery Door
Area Spurr Twp (07010)
Primary City Michigamme
Location Main Street Rural
Directions From the Marquette Intersection of West Washington Street and Lincoln Avenue continue west about .8 miles to the west
City Michigamme
Financial Terms Cash Commercial Loan
Legal Description 005-067-060-00 Sp 17 8/1 Gl6 B2&Gl7 A2 Sec 17 T48 N R31 W Prt Of Gov't Lots 6 & 7 Com 883.9' E Of Nw Cor Of Lot 6 Th N 9 Deg 48 M W 120.25' To S Ln Of Hwy Us 41 Th Ely Alg R/W Ln 384.8'
DOM 19
Postal Code 49861
Price Per Sq Ft Total AG 112.71
Public Remarks MICHIGAN HOSPITALITY DESTINATION! Set among the sparkling waters and forested beauty of Michigan’s Upper Peninsula
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Exterior
Exterior Frame Metal
Exterior Amenities Security Lighting
Frontage 350
Body of Water Lk Ruth/Lk George Channel
Flood Plan Unknown
Lot Size Area 1.38
Lot Dimensions 384x123x12x364x93x120
Lot Description Utilities Above Ground Cleared
Water Features Dock/Pier Facility Boat Facility Canal Frontage Water View Waterfront Interior Lake
Roads U.S. Highway Year Round
Waterfront Y/N Yes
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Interior
Ceiling Height Less than 16 Ft.
Fuel Type Electric LP/Propane Gas
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* Excluded Features
List By
TIM KEOHANE

Listing Agent

Great Lakes & Land Of Marquette, Inc.

Broker

timandlinda@greatlakesandland.com

Email

Affordability Calculator

$3,715
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,275
Monthly Property Taxes
$439
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.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/14/2025$525,000 Listed Price

Map


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27672 - 27819 US 41 Highway # Two Commercial Properties, Michigamme, MI, 49861 is a Commercial Property for sale at $525,000 with 4,658 sqft and a lot size of 1.38. 27672 - 27819 US 41 Highway # Two Commercial Properties was built in 1950. The property's zip code is 49861 which is in Michigamme, MI