Waterfront Hospitality Inn and
13747 Main Street Nahma, MI 49864
13747 Main Street, Nahma, MI, 49864
$750,000
For Sale
$750,000
COMMERCIAL - Nahma, MI
Property Size6,397 SF
Lot Size3.31 Acres
Price / SF$117.24
Days on Market48
Property Features for 13747 Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Patio and Porch features
- Patio
- Exterior features
- Deck/Patio, Fenced Yard, Wheelchair Access
- Fencing
- Fenced
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 6,397 SF
- Lot size
- 3.31 Acres
Utilities
- Heating system
- Radiant
- Water source
- Private
- Water front features
- Lake
- Water front
- 1
Building Details
- Year built
- 1909
Listing Agency
NORTHERN MICHIGAN LAND BROKERS - ESCANABA
(906) 225-5263
916 Ludington Street, Escanaba, MI
Listed by
TJ THOMAS
(906) 420-1280
Added: May 31 Checked: Jul 17 at 10:06 am
MLS# 50209574
Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering combines the operating Nahma Inn hospitality property with a neighboring Nahma General Store building and adjoining land with private waterfront access. The Nahma Inn includes a fully operating bar and restaurant and an 18-room hotel, along with existing business infrastructure included in the sale. Also included are the liquor license, furniture, fixtures, equipment, and the business operations for a turnkey transition.
The neighboring general store is currently utilized as an event and entertainment venue, and the adjoining land to the south features private waterfront access to a protected channel that leads directly into Big Bay de Noc on Lake Michigan. Existing dock infrastructure serves recreational boat traffic and visiting guests.
The property is presented as a historic Upper Peninsula hospitality opportunity in the waterfront community of Nahma, with the event venue and waterfront access providing flexibility for hospitality and gatherings. Buyer and buyer’s agent to verify all information and suitability for intended use.
The neighboring general store is currently utilized as an event and entertainment venue, and the adjoining land to the south features private waterfront access to a protected channel that leads directly into Big Bay de Noc on Lake Michigan. Existing dock infrastructure serves recreational boat traffic and visiting guests.
The property is presented as a historic Upper Peninsula hospitality opportunity in the waterfront community of Nahma, with the event venue and waterfront access providing flexibility for hospitality and gatherings. Buyer and buyer’s agent to verify all information and suitability for intended use.
Key Highlights
- 18‑room hotel with an operating bar and restaurant, included in the sale along with the business infrastructure
- Liquor license, furniture, fixtures, equipment, and existing business infrastructure included with the hospitality offering
- Adjacent Nahma General Store building used as an event and entertainment venue, with potential for events and retail concepts
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.1k | $18.00 |
| − Vacancy | −$63.3k | −$9.90 |
| EGI | $51.8k | $8.10 |
| − OpEx | −$27.2k | −$4.25 |
| NOI | $24.6k | $3.85 |
6,397 SF · lease $18.00/SF/yr · vacancy 55.00% · expense 52.50%
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,114 @ 7.0% cap · market cap 11.22%
Second Best
Hotel Hospitality
$351.6K
$307.7K – $410.2K
NOI $24,612 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,658 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nahma Inn
Hotel & Motel
FAQs
What type of property is this?
Hotel - Includes an 18-room operating hotel with bar and restaurant, plus a neighboring general store event venue and private dock access.
Where is this hotel located?
The property is located at 13747 Main Street Nahma, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 18‑room hotel with an operating bar and restaurant, included in the sale along with the business infrastructure; Liquor license, furniture, fixtures, equipment, and existing business infrastructure included with the hospitality offering; Adjacent Nahma General Store building used as an event and entertainment venue, with potential for events and retail concepts
