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    27672 Us 41 Michigamme, MI 49861

    For Sale
    $525,000

    5 or More Units - Michigamme, MI

    Property size:
    4,658 SF
    Lot size:
    1.38 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 5 at 2:06 pm

    Property Features for 27672 Us 41

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Security Lighting
    Zoning
    Commercial
    APN
    Parcel 07-005-067-060-00
    Parking features
    Parking Lot
    Interior 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, Flr Thickness: 8+ -10 In., Living Quarters, Living Quarters Attached, No Elevator, No Loading Facility, Pole Sign, Private Restrooms, Trash Removal, Under 400 Amps, Smoke/Fire Alarm
    Exterior features
    Additional Bldg(s)
    Dock
    1
    Accessibility
    Accessible Elevator Installed
    Size
    4,658 SF
    Lot size
    1.38 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Space Heater
    Cooling system
    Ceiling Fan(s)
    Water front features
    Canal Frontage, Interior Lake, Waterfront, Waterfront
    Water front
    1

    Building Details

    Year built
    1950
    Flooring type
    Carpet, Concrete
    Building materials
    Frame
    Roof type
    Shingle
    Architectural style
    Other

    Great Lakes and Land Real Estate Co., Inc. of Marquette (906) 228-9312 [email protected]

    Listing agent TIM KEOHANE (906) 228-9312

    Listing date Nov 24, 2025

    MLS# 50194326 Listing URL

    Copyright © 2025 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.

    Overview

    Lakeside Resort and Motel For Sale

    This property is a hospitality destination set among the waters and forested beauty of Michigan’s Upper Peninsula. Overlooking 350 feet of frontage between Ruth Lake and George Lake, in Spurr Township's Three Lakes Region, the property includes The Bear’s Paw, a 10-bedroom, 10-bath resort and motel. The lodge offers more than 3,100 square feet of space featuring pine finishes, guest suites, and recent updates throughout. Modern touches include remodeled baths, LED televisions, multiple refrigerators, air-conditioning units, and bedding. A private dock and four outbuildings provide room for storage and recreation. Also on site is a two-bedroom, two-bath manager’s residence complete with a full kitchen, dining room, and office space. Enhancing the guest experience, The Bear’s Den bar is included in the sale and currently open to the public. The property is fully licensed and operational. The lot size is 1.38 acres and the property size is 4,658 square feet.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Michigamme
    County
    Marquette
    State
    Michigan
    Longitude
    -88.211089
    Latitude
    46.552889

    FAQs

    What type of property is this?
    Hotel - Thriving lakeside hospitality business with lodging, bar, and manager's residence.
    Where is this hotel located?
    The property is located at 27672 Us 41 Michigamme, MI.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Established 10-bedroom, 10-bath lakeside resort/motel ("The Bear's Paw") with 350 feet of frontage on Ruth Lake and George Lake, offering immediate income potential.; - Includes a fully licensed and operational bar ("The Bear's Den") open to the public, enhancing the guest experience and providing additional revenue.; - Features a spacious two-bedroom, two-bath manager's residence with full amenities, providing on-site living for owners or staff.
    (906) 228-9312
    Request Owner's contact information
    27672 Us 41 Michigamme, MI 49861
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    Michigamme, MI 49861
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    27672 Us 41 Michigamme, MI 49861
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