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    Michigamme, MI
    Motel

    Michigamme, MI Motels for Sale

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    Republic, MI Champion, MI Covington, MI L' Anse, MI Ishpeming, MI Skanee, MI Crystal Falls, MI Amasa, MI
    Ten-Room Motel with Residence
    Updated: Aug 20
    Ten-Room Motel with Residence

    27837 US 41 Highway, Michigamme, MI 49855

    $548,000
    3,908 sqft 3.43 AC lot
    3.43‑acre motel property with 3,908 square feet of improvements
    Ten guest rooms plus a renovated two‑bedroom, one‑bath caretaker’s residence
    Motel office includes continental breakfast seating and a small gift shop
    Detached garage, pole building, workshop, and shed provide storage and work space
    Located on US 41 in the Three Lakes area of Michigan’s Upper Peninsula
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    10-Room Motel With Residence
    Updated: Aug 20
    10-Room Motel With Residence

    27837 US 41 Highway, Michigamme, MI 49861

    $548,000
    3,908 sqft 3.43 AC lot
    10 guest rooms plus a two‑bedroom, one‑bath caretaker’s residence with adjoining office
    3.43‑acre motel property with 3,908 square feet of building area
    Located on US 41 in the Three Lakes area of Michigan’s Upper Peninsula
    Guest rooms include 42‑inch TVs, microwaves, mini refrigerators, and updated finishes
    Detached garage, pole building, workshop, and shed provide additional storage
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    Lakeside Resort with Manager Residence
    Lakeside Resort with Manager Residence

    27672 US 41 Highway, Michigamme, MI 49861

    $425,000
    4,658 sqft 1.38 AC lot

    Hospitality property with guest accommodations, waterfront access, and a separate residence suited to on-site management.

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    See what stands out in Marquette County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Lakefront Resort With Manager Residence
    Lakefront Resort With Manager Residence

    27672 US 41 Highway, Michigamme, MI 49861

    $425,000
    4,658 sqft 1.38 AC lot

    Established hospitality property with guest accommodations, a private dock, and a separate residence for on-site management.

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Michigamme, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Six-Unit Motel With Living Quarters
    Six-Unit Motel With Living Quarters

    18000 Hwy 55, Long Lake, WI 54542

    $379,000
    4,115 sqft

    Hospitality property combines furnished guest rooms with an on-site residence, office, and separate storage buildings.

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    10-Room Lakefront Motel
    10-Room Lakefront Motel

    2315 Hwy 17, Phelps, WI 54554

    $824,900
    6,732 sqft

    Includes an onsite residence, furnished guest rooms, storage facilities, and recreational waterfront improvements.

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    Six-Unit Motel with Residence
    Six-Unit Motel with Residence

    18000 HWY 55, Long Lake, WI 54542

    $379,000
    4.60 AC lot

    On-site living quarters accompany furnished guest rooms, support buildings, and private well and septic systems.

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    Motel With Lakefront Parcel
    Motel With Lakefront Parcel

    2315 HWY 17, Phelps, WI 54554

    $824,900
    3.72 AC lot

    Includes furnished guest rooms, an owner-manager residence, storage facilities, and a separate lakefront parcel.

    View details

    Michigamme, MI Motels Market Trends and Statistics

    Explore 4 motels for sale in Michigamme, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 17,132 square feet of properties for sale, with an estimated market value of $1,946,000.

    Sale prices for motels in Michigamme, MI start at $425,000, averaging $486,500, and reaching up to $548,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Motels 4
    Resorts 2

    Demographics Overview

    Population 534
    Population Growth (5Y) +1.5%
    Median Household Income $66,806
    College Educated 40.2%

    High-Yield Neighborhoods for Investment

    Identify Michigamme submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Michigamme - 49861 $466K
    Marquette - 49855 $548K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Marquette County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Popular Searches in Michigamme, MI

    Most Searched ZIP Codes in Michigamme, MI

    • 49861
    • 49855

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