N9600 M64 | Marenisco, MI 49947
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N9600 M64
Marenisco, MI 49947
Gogebic Lodge & Marine · Hospitality Property For Sale
·
8,364 SF
INVESTMENT HIGHLIGHTS
- 11% cap rate: Profitable year-round resort and marine business on ±8.3 acres of land
- Well-known restaurant and lounge onsite with banquet/meeting facilities accommodating up to 250 people
- The sale also includes a marine and storage business. Additionally available, but not included in the sale price, are ±22.5 acres of development land
- Variety of lodging accommodations and amenities nestled in the heart of the natural beauty of the Upper Peninsula of Michigan
- Two protected harbors and a full-service marina with gas and boat rentals, featuring 1,180 feet of shoreline along Lake Gogebic
- Located on Lake Gogebic, recognized as a major fishery with over 38 miles of beautiful shoreline
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1983 |
| Building Class | C | Parking Ratio | 4.3/1,000 SF |
| Lot Size | 8.30 AC | Corridor | Exterior |
| Building Size | 8,364 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 8.30 AC |
| Building Size | 8,364 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 4.3/1,000 SF |
| Corridor | Exterior |
AMENITIES
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Marina
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
PROPERTY TAXES
| Parcel Number | 04-22-401-500 | Improvements Assessment | $0 |
| Land Assessment | $651,083 | Total Assessment | $651,083 |
PROPERTY TAXES
Parcel Number
04-22-401-500
Land Assessment
$651,083
Improvements Assessment
$0
Total Assessment
$651,083
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