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Key Details
Sold Price $450,000
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $375
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
Property Sub-Type Business And Real Estate
Source Realcomp II Ltd
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
Area Spurr Twp
Zoning Commercial
Direction LAKE RUTH MARINE On US 41 in Michigamme
Body of Water Lake George
Interior
Hot Water Electric
Heating Wall/Floor Furnace
Heat Source Electric
Exterior
Exterior Feature Fenced
Utilities Available 220V Available
Waterfront Description Lake Privileges
Roof Type Asphalt
Accessibility Accessible Common Area, Accessible Doors, Accessible Entrance, Other Accessibility Features
Road Frontage Class A, Paved
Building
Foundation Slab
Sewer Shared Septic (Common)
Water Well (Existing)
Level or Stories 1 Story
Additional Building Shed
Structure Type Block/Concrete/Masonry
Schools
School District Nice (Ishpeming) N.I.C.E
Others
Tax ID 00506703600
Ownership Short Sale - No,Private Owned
Acceptable Financing Cash, Conventional, Owner May Carry(Purchase Money Mortgage)
Rebuilt Year 2019
Listing Terms Cash, Conventional, Owner May Carry(Purchase Money Mortgage)
Financing Cash,Conventional,Owner May Carry(Purchase Money Mortgage)
Special Listing Condition Full Service
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Bought with Howe Team, Inc