MI,27795 US HIGHWAY 41
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MI,27795 US HIGHWAY 41
MI,27795 US HIGHWAY 41
MI,27795 US HIGHWAY 41
MI,27795 US HIGHWAY 41

$450,000

Est. payment /mo
Est.Price: ?

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27795 US HIGHWAY 41 MI

1,200 SqFt

SOLD DATE : 07/30/2022

Key Details

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 1,200 sqft

Price per Sqft $375

Municipality Spurr Twp

Subdivision Spurr Twp

MLS Listing ID 2210072981

Sold Date 07/30/22

Year Built 1959

Annual Tax Amount $810

Lot Size 1.250 Acres

Acres 1.25

Lot Dimensions 360 X 360 X 152 X 152

Source Realcomp

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

Zoning Commercial

Direction LAKE RUTH MARINE On US 41 in Michigamme

Exterior

View Y/N No

Building

Foundation Block, Slab

Water Well

Structure Type Block

Others

Tax ID 00506703600

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Listed by Howe Team, Inc
Jennifer Rodgers

Jennifer Rodgers

Broker | License ID: 6505414638

+1(517) 398-2541

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