N9600 M-64 Marenisco, MI 49947

Property Details for N9600 M-64

Lot size

8.36 lot acres

Property size

36,788 SF

Property type

Specialty properties

Property subtype

Marinas

Description

Exceptional opportunity to acquire the Gogebic Lodge & Marine, a thriving year-round resort and marina situated on 8.36 acres of prime Lake Gogebic waterfront in Marenisco, Michigan. This established business boasts a remarkable 11% cap rate, offering multiple revenue streams from lodging, a full-service restaurant and lounge with banquet facilities (accommodating up to 250 guests), a marina with two protected harbors, gas, and boat rentals, and a profitable marine storage business. The property features a diverse range of accommodations, including one- to three-bedroom units, and a campground with hookups. Amenities include a new screened-in pavilion with a grill, central air conditioning in the main lodge and cabins, a sauna, and convenient access to snowmobile trails. The property's 1,180 feet of shoreline on Lake Gogebic, a renowned fishery with over 38 miles of shoreline, provides unparalleled recreational opportunities. Note that an additional 35 acres of development land are available for purchase separately. The property includes nine keys and a total of 36,788 square feet of space. The APN is 04-22-401-500. This turnkey operation presents a rare chance to own a successful and highly profitable business in a desirable location. The asking price is $2,143,000.

Location Insight

City

Marenisco

County

Gogebic

State

Michigan

Longitude

-89.5517

Latitude

46.4464