Hospitality

Newberry, MI Hospitality Properties for Sale

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Mcmillan, MI Curtis, MI Engadine, MI Hulbert, MI Naubinway, MI Gould City, MI Seney, MI Trout Lake, MI
Waterfront Resort With Rental Cabins
Updated: Jul 15
Waterfront Resort With Rental Cabins

16878 County Road 505, Newberry, MI 49868

$1,595,000
7,600 sqft 25.00 AC lot
Approximately 25 acres with nearly 1,700 feet of frontage on Halfway Lake
Eight rental cabins plus a guest house and owner's residence
Includes a garage and pole barn
7,600 square feet of property improvements
Near Tahquamenon Falls and extensive trail systems
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1 active listing matches your search: Hospitality for sale in Newberry, MI. Based on your search, we've also compiled 7 Potential Opportunities for your consideration: 4 properties in nearby cities, 2 off-market properties to explore as potential leads, and 1 land listing with development potential.

Opportunities in Nearby Cities

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

Turnkey Motel and Cabins Business
Turnkey Motel and Cabins Business

E9454 Michigan 28, Munising, MI 49862

$1,295,000
1.88 AC lot

Commercial property with motel, cabins, and home near Munising.

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Motel with Swimming Pool
Motel with Swimming Pool

Sault Sainte Marie, MI 49783

$1,250,000
9,959 sqft

Furnished guest accommodations, laundry, and living quarters accompany its vacation-rental operation.

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18-Unit Motel with Owner’s Quarters
18-Unit Motel with Owner’s Quarters

Sault Sainte Marie, MI 49783

$995,000

Commercial zoning and on-site living space support the property’s motel configuration.

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12-Room Motel
12-Room Motel

332 E Onota, Munising, MI 49862

$849,500

A separate two-bedroom residence currently operates as a short-term rental alongside the motel.

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.

Waterfront Land with River Frontage
Waterfront Land with River Frontage

Laurel Lake Trail lot: No Legal Insurable Road Access, Newberry, MI 49868

$88,200
45.00 AC lot

Secluded riverfront land with water-only access and a southern boundary adjoining state forest lands.

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Off-Market Properties in Newberry, MI

Consider similar Off-Market properties in Newberry, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

5073 M-123
Hospitality properties

5073 M-123, Newberry, MI 49868

Estimated value: by Request
8,000 sqft 140.00 AC lot
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Newberry, MI Hospitality Properties Market Trends and Statistics

Explore 3 hospitality properties for sale in Newberry, MI on our real estate platform. These investment opportunities span a total of 7,600 square feet of properties for sale, with an estimated market value of $1,595,000.

Sale prices for hospitality properties in Newberry, MI average $1,595,000 — 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

Resorts 1

Demographics Overview

Population 5,231
Population Growth (5Y) -1.0%
Median Household Income $53,651
College Educated 27.5%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
49868 $1.6M

Taxes & Financing

Tax Rate (average for all types) 3.36%
Tax Rate vs County Average 0.04 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Luce County

New Delisted

Total CRE Inventory on Market (SF)

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