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    Michigamme, MI Hospitality Properties for Sale

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    Champion, MI Republic, MI Covington, MI
    Lakeside Resort and Motel
    $425,000
    4,658 SF
    Lakeside Resort and Motel

    27672 US 41 Highway, Michigamme, MI 49861

    Hospitality destination with lake frontage in Michigan's Upper Peninsula.
    • Established 10‑bedroom, 10‑bath resort/motel with 350 feet of lake frontage on Ruth Lake and George Lake.
    • Includes a spacious two‑bedroom, two‑bath manager's residence with full kitchen and office.
    • Turnkey business opportunity with a history of welcoming vacationers, hunters, and travelers.
    • Updated lodge with remodeled baths, LED televisions, air‑conditioning, and quality bedding.
    • Private dock and four outbuildings for storage and recreation.
    Updated: Nov 14, 2025
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    Lakeside Resort and Motel
    $425,000
    4,658 SF
    Lakeside Resort and Motel

    27672 US 41 Highway, Michigamme, MI 49861

    Established 10-bedroom resort/motel on 1.38 acres with lake frontage.
    • Established 10‑bedroom, 10‑bath resort/motel (The Bear's Paw) with income potential.
    • Enjoy 350 feet of lake frontage on Ruth Lake and George Lake in Michigan's Upper Peninsula.
    • Includes a spacious two‑bedroom, two‑bath manager's residence.
    • Modern updates throughout the lodge, including remodeled baths and air conditioning.
    • Private dock and four outbuildings for storage and recreation.
    Updated: Nov 14, 2025
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Michigamme, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Hospitality Opportunity Near Airport
    $750,000
    7,263 SF
    Turnkey Hospitality Opportunity Near Airport

    Updated inn near airport with outdoor amenities and trail access.

    190 E M - 35 Highway, Gwinn, MI 49841

    View details
    Turnkey Hospitality Opportunity in Gwinn
    $750,000
    7,263 SF
    Turnkey Hospitality Opportunity in Gwinn

    Updated motel near airport and trails, ready for new owner.

    190 E M - 35 Highway, Gwinn, MI 49841

    View details
    Palmer Multi-Use Commercial Opportunity
    $345,000
    5,200 SF
    Palmer Multi-Use Commercial Opportunity

    Expansive property with business potential near Marquette, Michigan.

    101 Kirkpatrick Avenue, Palmer, MI 49871

    View details
    Palmer Commercial Property with Business Potential
    $345,000
    5,200 SF
    Palmer Commercial Property with Business Potential

    Expansive property suitable for care, rental, or redevelopment.

    101 Kirkpatrick Avenue, Palmer, MI 49871

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    276 Acres Hunting Land with Cabin
    $650,000
    276.00 Acres
    276 Acres Hunting Land with Cabin

    Elite hunting land featuring a log cabin and two lakes.

    County Rd. FU, Republic, MI 49879

    View details
    Michigan Wilderness Recreational Land For Sale
    $58,800
    40.00 Acres
    Michigan Wilderness Recreational Land For Sale

    40-acre recreational property near Copper Country State Forest.

    Black Creek W Road, Skanee, MI 49962

    View details
    Michigan Wilderness Recreational Land Parcel
    $58,800
    40.00 Acres
    Michigan Wilderness Recreational Land Parcel

    40-acre recreational property near Copper Country State Forest.

    Black Creek E Road, Skanee, MI 49962

    View details
    Commercial Lot on US-41 Highway
    $1,400,000
    2.33 Acres
    Commercial Lot on US-41 Highway

    High-visibility 2.33-acre commercial lot with utilities in Negaunee Township.

    349 E US41 Highway, Negaunee, MI 49855

    View details

    Michigamme, MI Hospitality Properties Market Trends and Statistics

    Explore 2 hospitality properties for sale in Michigamme, MI on our real estate platform. These investment opportunities span a total of 9,316 square feet of properties for sale, with an estimated market value of $850,000.

    Sale prices for hospitality properties in Michigamme, MI start at $425,000, averaging $425,000, and reaching up to $425,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Motels 2
    Resorts 1

    Demographics Overview

    Population 534
    Population Growth (5Y) +1.5%
    Median Household Income $66,806
    College Educated 40.2%

    High-Yield Neighborhoods for Investment

    Identify Michigamme submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49861 $425K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Marquette County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Marquette County

    Retail

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