For Sale
$559,900

27837 Us Highway 41 Michigamme, MI 49861

Profitable Upper Peninsula Motel, $559,900

Overview

Added:
Dec 11, 2024
Days on market:
127
This established 10-room motel in Michigan's Upper Peninsula presents a fantastic investment opportunity. Located on US Highway 41, near three lakes and popular state parks, this property enjoys a steady stream of leisure and business travelers, construction workers, and sports enthusiasts year-round. Built in 1962 and situated on nearly four acres, the motel features recently updated energy-efficient windows and new siding on the rear. The property includes a completely renovated two-bedroom owner's unit with a half basement, offering comfortable living quarters. A convenient motel office provides a continental breakfast area, guest seating, and a small gift shop showcasing unique Upper Peninsula items. Ample parking accommodates cars, large vehicles, and recreational equipment, with guests enjoying the convenience of outside room access. A large backyard features a fire pit, offering potential for expansion with gazebos or other outdoor amenities. Extensive storage is available in a detached garage, pole building, workshop, and shed. The motel is conveniently located approximately an hour from Marquette and Houghton, and near several popular attractions including Craig Lake State Park and Van Riper State Park. This turnkey operation offers significant potential for growth and profitability in a stunning four-season location. The mailing address is Michigamme, but the motel is situated in Three Lakes, five miles west.

Property Details for 27837 Us Highway 41

Property type
Hospitality properties, Motels

Location Insight

City
Michigamme
County
Baraga
State
Michigan
Latitude
46.5547313
Longitude
-88.2027861
27837 Us Highway 41, Michigamme, Michigan

FAQs

What type of property is this?
Hospitality property - Profitable Upper Peninsula Motel, $559,900
Where is the hospitality property located?
The property is located at 27837 Us Highway 41 Michigamme, MI.
What is the asking price?
The asking price for this property is $559,900.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
27837 Us Highway 41
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message