14278 N Lake
Grand Marais, MI 49839
MLS #1095561

Commercial
  • 5,376sq ft
$699,000
Est. P&I payment: $2669.71/mo
14278 N Lake, Grand Marais, MI 49839
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Description for 14278 N Lake, Grand Marais, MI 49839
Prime commercial space located in Grand Marais, Michigan, a waterfront community nestled on the southern shore of Lake Superior. Two years old, this one of a kind structure has over 5,000 square feet of space, with a basement for storage, and stunning views of Grand Marais Harbor from both levels. Post and beam construction was resourced from local timber, iron details were hand forged locally, and table and bathroom counter tops are custom poured concrete. What started as a restaurant has been converted into a Lodge, capable of accommodating large groups up to 16 guests. However, much of the commercial kitchen is still in place. Grand Marais is known for it's "Nature in Abundance" and as a recreational haven for boating, hiking, biking, snowmobiling, and relaxing. Small town living still exists in this quaint lakeside community, and blends well with the growing tourist industry. Unique business opportunity w/ Superior location! Lease option $20,000 security deposit, monthly payment of $5,000, five year option to buy. Land contract available w/ $120,000 down.
MLS #1095561
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My Notes for MLS #1095561

General Features

  • Approx. Year Built: 2014
  • Number of Levels: 3
  • Total Number of Buildings: 2

Exterior Features

  • Exterior: Steel,​Stone,​Wood
  • Lot Dimensions: 134 x 117
  • Misc. Exterior: Fireplace,​Fuel Tank,​Inventory,​Restroom(s)
  • Outbuildings: Shed

Interior Features

  • Basement: Partial
  • Est.Total Building SQFT: 5,376

Utility Features

  • Air Conditioning: None
  • Cable: Available
  • Electric: Yes,​Generator Included
  • Heat: In Floor
  • Natural Gas: Not Available
  • Propane Tanks: Rented
  • Sewer: Septic
  • Supplemental Heat: Other
  • Telephone: Yes
  • Water: Township

Financial Features

  • Association Fee: no
  • Financing Options: Seller Financing,​Trade
  • Price Per SQFT: 130.02
  • Rental Options: For Rent w Compensation

Community Features

  • Body of Water: Lake Superior

Miscellaneous Features

  • Accessibility Options: Access-Bathroom Sink,​Access-Restroom,​Covered Entrance,​No-Step Entrance,​36 Inch Entrance Door,​36 In. or More Entr. Door
  • Business Type: Lodge
  • Construction: Conventional Frame
  • Foundation: Block,​Slab
  • Green Features: In-floor Radiant Heating
  • Road Access: Year Round
  • Shoreline: Sand
  • Water View: Lake
  • Waterfront: None
  • Wooded: None

Location

 
Street View Not Available
Directions to 14278 N Lake, Grand Marais, MI 49839
Driving north on state highway M-77, pull down the large hill into the town of Grand Marais. Continue two blocks straight (road turns into Lake Av). Property is on the right hand side of the road, across from the gas station.
The listing information for 14278 N Lake, Grand Marais, MI 49839 was graciously provided by our friends at the listing brokerage, BIG LAKE REAL ESTATE

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P&I Payment $2669.71
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on Wild Rivers Realty & Associates, Inc's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. Wild Rivers Realty & Associates, Inc, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 11/22/2017 at 4:15am
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