Michigamme, MI Retail properties & Spaces 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

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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

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Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Michigamme, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

Explore Opportunities in Nearby Cities

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Explore Off-Market Properties in Michigamme, MI

Consider similar Off-Market properties in Michigamme, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

27901 Us-41 Hwy

Retail properties & Spaces • 1,447 SF

Value Estimation by Request

27901 Us-41 Hwy, Michigamme, MI 49861

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Michigamme, MI Retail Properties & Spaces Investment Opportunities Market Analysis

Explore 3 retail properties & spaces 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 stores 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 Retail Properties & Spaces 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.

Explore Opportunities in Nearby Cities