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    32752 Co Rd, Unit 423 Newberry, MI 49868

    For Sale
    $1,650,000

    Other - Newberry, MI

    Days on Market:
    142
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 32752 Co Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm
    Zoning
    201 & 401 Impr
    Rooms
    Basement
    APN
    48-003-018-027-0100 & 48-003-018-027-0200
    Parking features
    None
    Interior features
    Fire Alarm, Furnished, Kitchen Area, Laundry Area, Restroom, Smoke Detectors
    Exterior features
    View
    Basement Y/N
    1

    Utilities

    Heating system
    Propane (Heating), Solar (Heating)

    Building Details

    Number of units
    11
    Building materials
    Log
    Roof type
    Shingle
    Architectural style
    Other

    Cap's Grand Marais Bucket List Realty (906) 202-0952

    Listing agent Rick Capogrossa (906) 202-0952

    Listing date Jul 17, 2025

    MLS# 22-569 Listing URL

    Copyright © 2025 Eastern Upper Peninsula Board 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

    Two-Hearted River Adjacent Upland Property

    Approximately 40 acres of upland property are available adjacent to the mouth of Hemingway's Two-Hearted River. The site includes 11 total structures, featuring 8 cabins equipped with solar power, well water, and septic systems, offering views of Lake Superior. A new 32x48 general store is present, complete with propane, liquor, beer, and wine licenses currently held in escrow. This property, a landmark snowmobile stop, includes a canoe livery and a licensed rural airport, presenting opportunities for expansion. The zoning is classified as 201 & 401 Impr.
    Location Intelligence

    Current Use by Public Records

    Campgrounds

    Map

    City
    Newberry
    County
    Luce
    State
    Michigan
    Longitude
    -85.418227
    Latitude
    46.695319

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    FAQs

    What type of property is this?
    Campground - 40 acres near Lake Superior with multiple structures and licenses.
    Where is this campground located?
    The property is located at 32752 Co Rd, Unit 423 Newberry, MI.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: - 40 acres of upland property adjacent to Hemingway's Two-Hearted River Mouth.; - **8 cabins with solar power, well, and septic systems, offering views of Lake Superior.**; - **New 32x48 General Store with propane, liquor, beer, and wine licenses (escrowed).**
    (906) 202-0952
    Request Owner's contact information
    32752 Co Rd, Unit 423 Newberry, MI 49868
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    Newberry, MI 49868
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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
    32752 Co Rd, Unit 423 Newberry, MI 49868
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