27795 US HIGHWAY 41 $450,000

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    27795 US HIGHWAY 41 Michigamme, MI 49861

    Sold
    SOLD 7/30/2022

    $450,000

    Market Estimate
    • 1,200 sq. ft.
    • 1.25 Acres
    • Commercial
    • MLS# 40223532
    27795 US HIGHWAY 41, Michigamme, MI 49861
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    Listing provided courtesy of: Howe Team, Inc - 248-673-6000
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    Property Details

    Description

    ROI over 20 %! LAKE RUTH MARINE an ESSENTIAL BUSINESS and UP's most renown, time honored 50 year old family Marine Business in the same location on US 41 directly across the street from and beautiful views of Lake George. Sale is inclusive of Land; Buildings; Inventory and Vehicles (totaling over $375,000); Exclusive Dealerships with Largest Boat,Docking and Engine Manufacturers covering the UP.All inventory,including but not limited to Boats,Docking,Paddle Boats,Engines/Props,Trailers,Vehicles (including 2 Trucks),New and Used Boats,Docking and thousands of retail parts,ancillary marine and fishing products,etc.Operation May to October is turn key,non owner operated and staffed by long term employees and the original family owners.Sales and income increasing year over year.Business Operations:Sales and Servicing of boats,docks, engines,retail sales of all marine parts and fishing apparatus.Boat and engine winterizing, shrink wrap and boat storage,dock install/pull outs.Immed Income

    • General Features
      • Acreage 1.25
      • Area Municipality Spurr Twp (07010)
      • Body of Water Lake George
      • County Baraga
      • Originating MLS RealComp
      • Ownership Private
      • Total SqFt Finished 1200
      • Waterfront Y/N No
      • Year Built 19
      • ZONING Commercial
    • Building Features
      • Exterior Construction Block
      • Exterior Features Security Lighting
      • Foundation Type Slab
      • Heating System Wall Heat
      • FUEL TYPE Electric
      • Roofing Asphalt
    • Property Features
      • Lot Size 360 X 360 X 152 X 152
      • Roads Class A, Paved Street

    Neighborhood

    49861 (Michigamme) Demographics

    57 Median Age
    2 Population Density (per sq. mile)
    38% College Educated
    $61,875 Estimated Median Income
    217 Estimated Total Home Owners
    11 Estimated Total Renters
    95% / 5% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    494 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $80,000 Median Sales Price
    3 Homes Sold
    0 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        7/30/2022 3:00:00 AM Sold Source: Multiple Listing Service New Value: $450,000
        Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.