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    Michigamme, MI Motels for Sale

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    Champion, MI Covington, MI Republic, MI
    Lakeside Resort and Motel
    $425,000
    4,658 SF
    Lakeside Resort and Motel

    27672 US 41 Highway, Michigamme, MI 49861

    Hospitality destination with lake frontage in Michigan's Upper Peninsula.
    • Established 10‑bedroom, 10‑bath resort/motel with 350 feet of lake frontage on Ruth Lake and George Lake.
    • Includes a spacious two‑bedroom, two‑bath manager's residence with full kitchen and office.
    • Turnkey business opportunity with a history of welcoming vacationers, hunters, and travelers.
    • Updated lodge with remodeled baths, LED televisions, air‑conditioning, and quality bedding.
    • Private dock and four outbuildings for storage and recreation.
    Updated: Nov 14, 2025
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    Lakeside Resort and Motel
    $425,000
    4,658 SF
    Lakeside Resort and Motel

    27672 US 41 Highway, Michigamme, MI 49861

    Established 10-bedroom resort/motel on 1.38 acres with lake frontage.
    • Established 10‑bedroom, 10‑bath resort/motel (The Bear's Paw) with income potential.
    • Enjoy 350 feet of lake frontage on Ruth Lake and George Lake in Michigan's Upper Peninsula.
    • Includes a spacious two‑bedroom, two‑bath manager's residence.
    • Modern updates throughout the lodge, including remodeled baths and air conditioning.
    • Private dock and four outbuildings for storage and recreation.
    Updated: Nov 14, 2025
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Michigamme, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Lodge and Motel with River Frontage
    $2,350,000
    39.02 Acres
    Lodge and Motel with River Frontage

    Two-level bar and restaurant with adjacent motel rooms and a campground, set on Wolf River frontage.

    N2580 HWY 55, White Lake, WI 54491

    View details
    Wolf River Lodge & Campground
    $2,350,000
    9,200 SF
    Wolf River Lodge & Campground

    Turn-key bar, restaurant, motel, and campground on 39+ acres.

    N2580 State Highway 55, White Lake, WI 54491

    View details
    Hilltop Resort: Northern Wisconsin History
    $4,200,000
    36.79 Acres
    Hilltop Resort: Northern Wisconsin History

    Resort with bar, supper club, cabins, motel, and RV sites.

    N10120 PARKWAY Road, Crivitz, WI 54114

    View details
    Hilltop Resort For Sale
    $4,200,000
    9,333 SF
    Hilltop Resort For Sale

    Northern Wisconsin resort with bar, supper club, and motel.

    N10120 Parkway Road , 1599000, Crivitz, WI 54114

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land in Dodgeville, WI
    $120,000
    Commercial Land in Dodgeville, WI

    Prime commercial land with high traffic visibility in Dodgeville, WI.

    3 Lots N Johns Street, Dodgeville, WI 53533

    View details
    Prime Commercial Land For Sale
    $2,100,000
    8.00 Acres
    Prime Commercial Land For Sale

    8.86 acres ideal for motel, restaurant, and other businesses.

    7900,7990,7996 N Alger Road, Alma, MI 48801

    View details
    Highway Exit Commercial Land
    $300,000
    2.75 Acres
    Highway Exit Commercial Land

    Prime land with high visibility near resort community.

    Blue Star Highway lot: 2, Saugatuck, MI 49453

    View details
    Yorkville Commercial Land on Rt. 47
    $2,000,000
    3.68 Acres
    Yorkville Commercial Land on Rt. 47

    3.68 acre commercial property on Rt. 47 in Yorkville.

    1015 N Bridge Street, Yorkville, IL 60560

    View details

    Michigamme, MI Motels Investment Opportunities Market Analysis

    Explore 2 motels for sale in Michigamme, MI on our real estate platform. These investment opportunities span a total of 9,316 square feet of properties for sale, with an estimated market value of $850,000.

    Sale prices for motels in Michigamme, MI start at $425,000, averaging $425,000, and reaching up to $425,000 — 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 2
    Resorts 1

    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
    49861 $425K

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Marquette County

    Retail

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