27672 US 41 Highway, Michigamme, MI 49861
COMMERCIAL - Michigamme, MI
- Added:
- Nov 14, 2025
- Days on Market:
- 234
- Last Refresh:
- Jul 6 at 6:06 pm
Property Features for 27672 US 41 Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 10
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 9, Bedroom 2, Bedroom 10, Bedroom 8, Bedroom 7, Bedroom 1, Bedroom 3, Bathroom 7, Bathroom 5, Bathroom 3, Bathroom 10, Bathroom 9, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 8, Bathroom 6
- Standard status
- Active
- Size
- 4,658 SF
- Lot size
- 1.38 Acres
Listing agent Timothy Keohane (906) 228-9312
Listing office Great Lakes & Land Real Estate 856 West Washington, Marquette, MI (906) 228-9312
Listing date Nov 14, 2025
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Lakeside resort overlooking 350 feet of frontage between Ruth Lake and George Lake in Spurr Township’s Three Lakes Region
- The Bear’s Paw features 10 bedrooms and 10 bathrooms for guests, vacationers, hunters, and travelers
- Lodge offers 3,100+ SF with pine finishes and guest suites; recent updates include remodeled baths
- Includes on‑site amenities such as LED televisions, multiple refrigerators, and air‑conditioning units
- Private dock plus four outbuildings for storage and recreation gear
- On‑site 2‑bedroom, 2‑bath manager’s residence with full kitchen, dining room, and office space
Overview
The setting includes approximately 350 feet of scenic frontage overlooking the water between Ruth Lake and George Lake in Spurr Township’s Three Lakes Region. A two-bedroom, two-bath manager’s residence on site includes a full kitchen, dining room, and office space, offering separate living and workspace for an operator or staff.
The property is suited for an owner-operator or hospitality group looking for a self-contained Northwoods-style operation on the water, with lodging, management quarters, and on-site storage and recreational support. The manager’s residence can also provide on-site oversight for day-to-day operations.
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 | $69.9k | $15.00 |
| − Vacancy | −$17.5k | −$3.75 |
| EGI | $52.4k | $11.25 |
| − OpEx | −$27.5k | −$5.91 |
| NOI | $24.9k | $5.34 |
Alternative Uses
Current Use by Public Records
Map
- City
- Michigamme
- County
- Marquette
- State
- Michigan
- Longitude
- -88.211089
- Latitude
- 46.552889
