$450,000
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27795 US HIGHWAY 41 Michigamme, MI 49861
1,200 SqFt
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Sold
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $375
MLS Listing ID 2210072981
Sold Date 07/30/22
Year Built 1959
Lot Size 1 Sqft
Property Sub-Type BusinessandRealEstate
Property 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
Location
State MI
County Baraga
Area Area90051Spurrtwp
Interior
Heating Electric, WallFurnace, WindowWallUnit
Exterior
Fence Perimeter
Waterfront Description AllSportsLake, LakePrivileges, WaterAccessRights
View Y/N No
Roof Type Asphalt
Building
Foundation Block, Slab
Sewer SharedSeptic
Water Well
Schools
School District Niceishpemingnice
Others
Senior Community false
Acceptable Financing Cash, Conventional, OwnerMayCarry
Listing Terms Cash, Conventional, OwnerMayCarry
Special Listing Condition ShortSaleNo, Standard
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