$450,000
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27795 US HIGHWAY 41 MI
1,200 SqFt
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
Read Less
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