Michigamme, MI Restaurants for sale

Lakeside Hospitality Destination in Michigamme

$525,000

4,658 SF

Lakeside Hospitality Destination in Michigamme

27672-27819 Us 41 Hwy, Michigamme, MI 49861

Thriving lakeside business and lifestyle retreat in Michigan's Upper Peninsula.

Established 10‑bedroom, 10‑bath resort/motel (The Bear's Paw) with a history of welcoming vacationers, hunters, and travelers.
Enjoy 350 feet of scenic lake frontage on Ruth Lake and George Lake in Michigan's Upper Peninsula.
Includes a spacious two‑bedroom, two‑bath manager's residence with full kitchen and office.
Features 'The Bear's Den' bar, currently open to the public, enhancing the guest experience.
Turnkey business opportunity: fully licensed, operational, and well‑maintained hospitality destination.

Updated: Jan 7

View details

Lakeside Hospitality Destination For Sale

$525,000

4,658 SF

Lakeside Hospitality Destination For Sale

27672 Us 41, Michigamme, MI 49861

Thriving lakeside resort with bar/restaurant in Michigan's Upper Peninsula.

Established 10‑bedroom resort/motel with 350 feet of lake frontage on Ruth Lake and George Lake.
Includes a profitable bar/restaurant with the only liquor license in Spurr Township, Baraga County, and groomed snowmobile trail access.
Spacious two‑bedroom manager's residence on‑site.
4.13‑acre property with commercial/industrial zoning allows for expansion.
Turnkey business with licenses and permits including Class C, SDM, Sunday Sales, Food, Dance, Take Out and Lottery (Keno and Mega Millions).

Updated: Dec 8, 2025

View details

Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Michigamme, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Explore Opportunities in Nearby Cities

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

Contact for pricing

1.80 Acres

Shops of Marquette: Prime Retail Site

Restaurant & Commercial Land, Marquette, MI

0 Us-41 & Brickyard Rd, Marquette, MI 49855

View details

$295,000

2,300 SF

Established Restaurant on Main Street

Turnkey restaurant with high visibility and loyal customer base.

321 W Genesee St, Iron River, MI 49935

View details

$349,000

2,923 SF

Turnkey Restaurant & Bar with Residence

Commercial restaurant and bar with living space in Iron River.

130 Washington Ave, Iron River, MI 49935

View details

$1,850,000

4,280 SF

Marquette Restaurant & Bar for Sale

Turnkey Restaurant, High Traffic Area

1110 Champion St, Marquette, MI 49855

View details

Michigamme, MI Restaurants Investment Opportunities Market Analysis

Explore 2 restaurants for sale in Michigamme, MI on our real estate platform. These investment opportunities span a total of 120,226 square feet of properties for sale, with an estimated market value of $1,050,000.

Sale prices for restaurant properties in Michigamme, MI start at $525,000, averaging $525,000, and reaching up to $525,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Michigamme, MI Restaurants for Sale

Lakeside Hospitality Destination in Michigamme

Thriving lakeside business and lifestyle retreat in Michigan's Upper Peninsula.

Lakeside Hospitality Destination For Sale

Thriving lakeside resort with bar/restaurant in Michigan's Upper Peninsula.