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    16878 County Road 505 Newberry, MI 49868

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    For Sale
    $1,600,000

    Turn-key resort with cabins, guest house, and owner's residence.

    Property size:
    7,340 SF

    Property Features for 16878 County Road 505

    General Information

    Size
    7,340 SF

    Source: RE/MAX Agent Dave Wood

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Resort on Halfway Lake

    This is an opportunity to own a well-established resort on the shores of Halfway Lake, located 20 minutes north of Newberry. The turn-key business includes eight rental cabins (one is a duplex), a spacious guest house, and a three-bedroom, two-bath owner’s residence. The property offers lake views from nearly every building. Halfway Lake is a private, no-motor lake suitable for paddling, fishing, and relaxing. Guests have access to canoes, kayaks, and boats, as well as two docks, a launch area, and a swim-friendly shoreline with approximately 1,700 feet of shoreline frontage. The resort attracts snowmobilers, UTV/ORV riders, fishermen, and travelers exploring the area’s attractions, including nearby Tahquamenon Falls. Each two-bedroom cabin features a kitchen, bathroom, and comfortable living area. The guest house provides additional space for rentals, visiting friends, or extended family. Also included are a detached garage and a large pole barn for storage or maintenance needs. The property size is 7,340 square feet. The current owners have welcomed returning guests for years, maintaining the property with care. This resort is ready for new ownership and offers lakefront living in Michigan’s Upper Peninsula.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Resorts

    Suggested Use

    Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newberry
    County
    Luce
    State
    Michigan
    Longitude
    -85.593438
    Latitude
    46.475884

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    FAQs

    What type of property is this?
    Resort - Turn-key resort with cabins, guest house, and owner's residence.
    Where is this resort located?
    The property is located at 16878 County Road 505 Newberry, MI.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Established turn-key resort business on Halfway Lake with strong rental history and returning guests.; - Includes **eight rental cabins (one duplex), a spacious guest house, and a three-bedroom owner's residence.**; - **1,700 feet of shoreline frontage** on a private, no-motor lake ideal for paddling, fishing, and relaxation.
    (906) 202-9959
    Request Owner's contact information
    16878 County Road 505 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.

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    Cap approach

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    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
    16878 County Road 505 Newberry, MI 49868
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