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For Sale

$2,100,000

N9600 M64
Marenisco, MI 49947

Sqft 3,840 sqft
Gogebic Lodge Restaurant and Resort is one of the finest resorts on Beautiful Lake Gogebic. The resort was first established 1930's, then purchased by the Berquist family in 1983. This resort is located on 1180' of beautifully manicured lake frontage. Many new improvements have been made to the resort in the years that the Berquist's have owned it to include: 8 new and updated private individual rental units, ranging from 1 to 3 bedrooms, 7 RV/camp sites, and a protected harbor w/aluminum dock system (capacity for 25 boats w/ electricity). The property also includes a 3 Season Pavilion and a playground. The main resort has a dining area that seats 120, as well as a horseshoe bar offering one of the finest views of Lake Gogebic. Above the bar you will find a game room overlooking the dining area and a large clothing/souvenir shop. All furnishings in the resort and rental units, equipment, vehicles, pontoon boats/motors, boat lifts and miscellaneous workshop tools will be included in the sale price. Take advantage of owning a well-established business on the finest inland lakes in the Upper Peninsula. Call today for more information or to schedule a showing. (2022 Tax Info: Txbl. Val:$419,725, SEV: $467,938, Total 2022 Taxes: $21,535) Read More

Market Status
Available
Last Updated
June 10, 2023

Property Type
Commercial Property
Architecture
Waterfront
Year Built
1983
New Construction
-
Cooling System
Ceiling Fan(s)
Roof
Composition Shingle
Exterior Construction
Wood
Parking
Parking Lot; 0 spaces
Patio
-
Porch/Deck
-
Floors
Carpet; Wood
Taxes
21535 (2022)
Property Type
Commercial; 5 or More Units
Waterfront
-

Local Market Conditions

There are currently 54 properties for sale in the Gogebic County, MI area with the average listing price of $607,219. This represents a decrease of -9.3% over the previous week. The 2 bedroom homes saw the largest decrease in the average listing price over the previous week with a -22.2% decrease. To learn more about the Gogebic County, MI area, contact a local expert!

Market Snapshot for Gogebic County, MI

Avg. Listing Price

$607,219

Wk ending May 27

$-62,587

-9.3%

w-o-w

54

2

1

Average Listing Price for Gogebic County, MI
No. BedroomsNo. Beds Week Ending
(May 27)
w-o-w Week Ending
(May 20)
Week Ending
(May 13)
Week Ending
(May 6)
All PropertiesAll $607,219 -9.3% $669,806 $677,439 $688,384
1 bedroom1 BR $92,000 +0.0% $92,000 $115,000 $115,000
2 bedrooms2 BR $194,782 -22.2% $250,350 $204,464 $200,920
3 bedrooms3 BR $260,795 -3.4% $269,895 $258,756 $259,928
4 bedrooms4 BR $371,400 +23.9% $299,845 $256,200 $256,200

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Listing Provided By:

TODD BORSETH

BORSETH PROPERTIES

Phone
This $2,100,000 Commercial Property at N9600 M64 in Marenisco, MI is presented by TODD BORSETH. This $2,100,000 Commercial Property, located in the 49947 zip code, has the following property features: Floors, Roof, Taxes, Exterior Construction. This N9600 M64 Commercial Property is listed under MLS listing number 50102639 and has a listing price of $2,100,000. You can find more Marenisco homes for sale here.

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