Gogebic Lodge & Marine

Name: Gogebic Lodge & Marine
Creator: Northco

N9600 M-64, Marenisco, MI 49947

$2,143,000

Sale Price

Lease Rate

Property Details

Property Description

SVN | Northco is pleased to present the listing of Gogebic Lodge & Marine ("Property") a full-service resort that offers multiple revenue streams located in Marenisco, MI on Lake Gogebic. The Property has two protected harbors and a full-service marina with gas. Boat rentals are available at Gogebic Lodge for all guests. From one-bedroom cottages to three-bedroom chalets as well as a campground area with hookups for motor homes, campers, and tents, Gogebic Lodge can accommodate groups or families of any size. A full-service restaurant and lounge are also onsite with a banquet/meeting facility equipped to accommodate up to 250 people. The Property is open year-round and offers several amenities including a new screened-in outdoor pavilion with a grill, central AC in the main lodge and cabins, a sauna, access to snowmobile trails, and much more. There is also a profitable marine and storage business included in the sale. Additionally available, but not included in the sale price, are 35 acres of development land.

Highlights

11% cap rate: Profitable year-round resort and marine business on 8.36 acres of land with a variety of lodging accommodations and amenities nestled in the heart of the natural beauty of the Upper Peninsula of Michigan
Well-known restaurant and lounge onsite with banquet/meeting facilities accommodating up to 250 people
Two protected harbors and a full-service marina with gas and boat rentals, featuring 1,180 feet of shoreline along Lake Gogebic. The sale also includes a marine and storage business
Additionally available, but not included in the sale price, are 35 acres of development land
Located on Lake Gogebic, recognized as a major fishery with over 38 miles of beautiful shoreline

Map

Location Description

The property is located in Marenisco, Michigan's Upper Peninsula, providing a scenic getaway for nature lovers and outdoor enthusiasts. Nestled in Gogebic County, Marenisco is surrounded by the Ottawa National Forest and is close to several regional attractions, including Lake Gogebic and the Porcupine Mountains.

The nearby Porcupine Mountains Wilderness State Park, often referred to as "the Porkies," is a haven for outdoor enthusiasts. The park features over 90 miles of hiking trails, scenic waterfalls, and many opportunities for camping, fishing, and wildlife watching. One of the standout features of this region is the stunning Lake of the Clouds, located within the park, which offers breathtaking views of the forested landscape. Lake Superior’s shores are also just a short drive from Marenisco, providing visitors with opportunities to enjoy the largest of the Great Lakes through activities like kayaking, fishing, and beachcombing.

Marenisco itself sits at the southern end of Lake Gogebic, the largest inland lake in Michigan's Upper Peninsula. This 13,000-acre lake is perfect for fishing, boating, and water sports during the summer months. In the winter, Marenisco transforms into a hotspot for snowmobiling, thanks to its vast network of trails and consistent snowfall, making it a year-round destination for adventure.

The small-town charm of Marenisco is complemented by its proximity to larger attractions, including Bond Falls and Agate Falls, two beautiful waterfalls to the east. The community offers a relaxed, welcoming atmosphere that makes it a peaceful getaway in Michigan.

Proximity to larger cities:

130 miles west of Marquette, MI
140 miles east of Duluth, MN
200 miles northwest of Green Bay, WI

Airports in close proximity include Gegebic-Iron County Airport (30 miles), Duluth International Airport (140 miles), and Austin Straubel International Airport (200 miles).