Motel

Michigamme, MI Motels for Sale

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Lakeside Motel with Lakefront Frontage
Updated: Nov 14, 2025
Lakeside Motel with Lakefront Frontage

27672 US 41 Highway, Michigamme, MI 49861

$425,000
4,658 sqft 1.38 AC lot
Overlooks 350 feet of frontage between Ruth Lake and George Lake
The Bear’s Paw: 10‑bedroom, 10‑bath resort and motel
More than 3,100 square feet in the lodge with recent updates
Private dock plus four outbuildings for storage and recreation
Manager’s residence includes two bedrooms, two bathrooms, full kitchen, dining, and office
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Lakeside Resort and Motel
Updated: Nov 14, 2025
Lakeside Resort and Motel

27672 US 41 Highway, Michigamme, MI 49861

$425,000
4,658 sqft 1.38 AC lot
Overlooks 350 ft of waterfront frontage between Ruth Lake and George Lake in Michigan’s Upper Peninsula
The Bear’s Paw resort/motel offers 10 bedrooms and 10 bathrooms
More than 3,100 SF lodge with pine finishes and remodeled baths
On‑site amenities include a private dock and security lighting; parking lot included
Manager’s residence includes 2 bedrooms and 2 bathrooms with a full kitchen, dining room, and office space
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
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.

North Woods Motel and Laundromat
North Woods Motel and Laundromat

8083 HWY 70, St Germain, WI 54558

$849,900
2.40 AC lot

Turnkey year-round hospitality and laundry operations with guest accommodations and on-site wash facilities.

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Year-Round Motel with Laundromat
Year-Round Motel with Laundromat

8083 Hwy 70, St Germain, WI 54558

$849,900

Ten-room hospitality operation with attached living quarters, guest amenities, and an established laundromat serving visitors and local patrons.

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Hilltop Resort and Supper Club
Hilltop Resort and Supper Club

n10120 Parkway Rd, Crivitz, WI 54114

Contact for pricing
9,333 sqft 2.72 AC lot

Resort with camping, motel, restaurant, and living quarters.

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Hilltop Resort For Sale
Hilltop Resort For Sale

N10120 Parkway Road , 1599000, Crivitz, WI 54114

Contact for pricing
9,333 sqft

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

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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.

Waterfront Buildable Land
Waterfront Buildable Land

6785 Fouch Road, Traverse City, MI 49684

$250,000
2.69 AC lot

Buildable waterfront lot with an existing pole building, paved drive, and utilities in place for a range of uses.

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Commercially Zoned Corner Land
Commercially Zoned Corner Land

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

$2,100,000
8.00 AC lot

Large commercial parcel with utilities on site and strong expressway visibility for restaurant, lodging, and complementary uses.

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High-Visibility Highway Commercial Land
High-Visibility Highway Commercial Land

Blue Star Highway lot: 2, Fennville, MI 49408

$300,000
2.75 AC lot

Cleared highway exit land in a C-3 district for a range of commercial and service uses.

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Level Development Land
Level Development Land

20th Ave NE/Co 57, Benson, MN 56215

$389,200
26.12 AC lot

Primarily level land zoned for urban development, fronting County Road 57 with planned west-side street extensions.

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Michigamme, MI Motels Market Trends and Statistics

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 average $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 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
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)

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