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N11071 EAST SHORE , MARENISCO, MI 49947
Multiple legals on file.

$999,000
MLS# 1120226

 

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PROPERTY DESCRIPTION

The Root Cellar Resort is well known for fine dining & first class accommodations on beautiful Lake Gogebic. If owning your own business and living in the beautiful Upper Peninsula is high on your priority list, this could be the opportunity of a lifetime. This well maintained, bar/restaurant & lodging facility shows pride of ownership inside & out. The bar/restaurant has the capacity for up to 120 guest. The motel was built in 2008 and includes 11 rental units. In addition, there are 4 individual rental cabins with 5 rental units. The owners residence has over 3,000 sq ft of finished living area. The shoreline has 2 50' piers, 1 boat lift, boat launch & over 200 ft of manicured east shore frontage. This business opportunity could be a dream come true. Call for additional information.

 
LOCATION
N11071 East Shore
Marenisco, MI 49947

Price: $999,000

County: Gogebic

Tax ID #: 270420301900, 270420301800, 270420900800, 270420900900

School District:

Waterfront: Interior Lake
Water View: Interior Lake
Shoreline: Mixed,Pebble,Sand

Road Access: Year Round

Directions: From Hwy M28 in Bergland, go east and turn south on East Shore Rd. Continue apprx 10 miles. From US 2, go north on Hwy M64 for 4.5 miles and turn right on East Shore Rd. Continue apprx 8.6 miles to Root Cellar Resort.

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DETAILS
Business Type Restaurant, lodging bar
Total Buildings 11.00
Total Building Square Feet 7600.00
Lot Dimensions Irregular
Year Built (Approx.) 1977
Status: Active

2020 SEV & Txbl Val $589,997 2020 Annual Taxes $29,453

 
 
BUILDING & CONSTRUCTION

Foundation: Slab

 

Basement: None

Construction: Conventional Frame

Garage:

Fireplace:

 

Exterior: Wood

First Floor Bath:

 

First Floor Bedroom:

Outbuildings: Pole Building

 

Extras:

 
UTILITIES, HEATING & COOLING

Electric: Yes

 

Natural Gas: Not Available

Sewer: Septic

Water: Drilled Well

Cable: Not Available

 

Telephone: Yes

Propane Tanks: Owned

 

Air Conditioning: Wall Unit

Heat: Electric,Propane Forced Air,Propane Hot Water

 

Supplemental Heat: None

 
 
 
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* The Monthly Payment amount calculated may vary from the actual payment amount. Always consult your financial institution for actual amounts.

 

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Listing Office:
Borseth Properties

Listing Agent:
Borseth, Todd

 
 

Office: 906-988-2329 | Toll Free: 1-877-768-9846 | Fax: 906-988-2320

 

 
 
 

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