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Jenn Smart

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27837 Us 41 , Michigamme, MI 49861
$548,000
Est. Payment: $2,855.70/mo
0 Bed
0 Bath
3908 Sqft
Status: active | Days on site: 12
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Three Lakes Motel is located in south-eastern Baraga County, on US 41 in the Three Lakes area of Michigan’s Upper Peninsula, a four seasons playground. This opportunity allows you to live, work and play without leaving home. There are many lakes nearby, including George, Beaufort, Michigamme, and Ruth within 5 miles. Several of these lakes provide public access for fishing, swimming, boating and canoeing. There are several state parks, trail systems, and waterfall viewing areas within 30 minutes of the location, all shared on their beautiful website. These include Craig Lake State Park, Van Riper State Park, McCormick Trails, Canyon Falls and has direct access to Trail #8(snowmobile trail). The motel was built in 1962 & is situated on just under 4 acres. It includes ten guest rooms, and a caretaker’s residence with office adjoined. The motel office has a continental breakfast area with seating & a small gift shop with unique U.P. items. The caretaker’s unit is a completely renovated two-bedroom, one bath residence in the middle of the motel with a 1/2 basement. The Motel was recently updated w/all energy efficient double pane vinyl frame windows, two hot water heaters were added to accommodate for demand, and the rear of the motel has been insulated and re-sided. The guest rooms have been updated with insulation, drywall, flooring, furniture, and shower surrounds. The rooms also have a 42" TV, microwave and mini refrigerator. There is ample storage between the detached garage, pole building, workshop and shed. There will be plenty of room for vehicles, lawn care & snow removal equipment. The circle drive in front of the motel can accommodate parking space for cars, large vehicles, campers, trailers and boats. The backyard is beautifully set up with a fire pit as the focal point. The possibilities are endless, you could add a gazebo, tents for large gatherings, as well as an outdoor game area. Please see motel reviews on Google, and Facebook.

Highlights

Listed by DONALD WEAVER , 269-808-2256 GREAT LAKES & LAND OF MARQUETTE, INC. , 906-228-9312. MiRealSource, Inc. mls logo

Property Type

Business Opportunity

Lot/Acreage
3.43

Year Built

1962

County

Baraga

Area

Spurr Twp (07010)

Listing ID

50219203

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Above Ground Sq Ft:3908
Water:Private Well

Exterior Features

Lot Dimensions:530x395x675
Zoning:Commercial
Sewer:Septic
Principal Interest
$2,856
Taxes
$349

Home Price

$548,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$109,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,855.70

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,855.70 $349.35 $0.00 $3,205.05
Yearly $34,268.45 $4,192.20 $0.00 $38,460.65
Total $1,028,053.52 $125,766.00 $0.00 $1,153,819.52
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Data last updated: 2026-09-02T01:10:54.300Z

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