Black River Lodge

Hospitality for Sale
Catylist Listing ID: 30188429
Property Subtypes: Hotel, Other
Number of Units: 23 Units
Building Size (RSF): 27,500 SF
Gross Building Area: See Agent
Gross Land Area: 65 Acres
Sale Price: $669,900
Unit Price: $29,126.09 Per Unit
Property Use Type: Business
Building Name: Black River Lodge
Name of Establishment: Black River Lodge
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 2/9/2018

Overview / Comments

OPPORTUNITY IN MICHIGAN'S WESTERN U P The Black River Lodge is a rare find along the scenic byway that offers incredible investment and or entrepreneurial opportunity. The lodge has been maintained in its unique ambiance of historic ski lodges with fireplaces, and lounging areas along with a liquor license. The 23 rooms hold various numbers of guests totaling 100 when fully booked. The pool and hot tub are just 2 fantastic amenities with plans for a sauna in development. The Copper Peak Ski Jump is scheduled for reopening and this will be in high demand. There is a huge kitchen for full service and the dining room would be an awesome place to hold Dinner Club Events and or a full service restaurant. The Lodge also has 12 campsites with the original plans calling for over 100. The incredible 65 acres has room for those additional campsites and gorgeous areas for glamorous camping or glamping. The addition of a few Cabins would make it a camping venue for all. There is also a large bath house just needing updated plumbing and dump station for campers before they hit the road.
Much work has been done to secure the integrity of this facility and it's revenue stream. The local snowmobile club is working with the DNR of Michigan to bring the trail to the Lodge and to include a bridge over the Black River to tie into other trails The facility itself has been update with a steel roof 24 mos ago and as well sewer lines have been upgraded. Beds and televisions have been upgraded and internet service is provided
For the entrepreneur a turn key operation being your own boss is right here.
For the investor the income producing potential abounds.
Please call me and let me walk you through this amazing one of a kind property.

Attachments & Media

Additional Details

Nearest MSA: Iron Mountain
County: Gogebic
Taxing Authority: Ironwood Twp
Tax ID/APN: 0300120811
Zoning: COMM
Total Number of Buildings: 2
Number of Stories: 3
Property Condition: Good
Year Built: 1978
Year Renovated: 1990
Roof Type: Other
Construction/Siding: Brick, Stucco, Wood Siding
Water Recreation: Indoor Pool, Hot Tub
Parking Type: Surface
Heat Type: Propane, Oil, Other
Heat Source: Baseboard, Other
Lot Frontage: 300
Water Service: Well
Sewer Type: Septic
Legal Description: LL

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 516 2,934
Median Age: 51.94 47.81
Households: 241 1,387

Contact

Photograph of Listing Agent

Clyde Blaszak

Real Estate One Success
CPIX Member
Photograph of Listing Agent

Susan Kazma

Real Estate One Success
Not a member of CPIX
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