Remarks

THE LODGE. The Pinewood Lodge Estates is a magnificent log lodge on Lake Superior in the popular AuTrain area between Munising and Marquette in Michigan's beautiful Upper Peninsula. This area is famous for the sand beaches, views of Grand Island, AuTrain Island, the AuTrain River and nearby Pictured Rocks National Lakeshore. Here you will find a multitude of recreational activities utilizing Lake Superior, AuTrain Lake, Autrain River, the parks, snowmobile trails, waterfalls, boat cruises, kayak rentals and nearby woodlands just to name a few. There is a casino in the nearby village of Christmas, along with several restaurants. The famous Brownstone Restaurant is literally within a short drive or walk. The snowmobile trail adjoins the Brownstone parking lot for easy access. to the trails. The AuTrain boat ramp is a few minutes away where you can launch your boat in Lake Superior for scenic tours or fabulous fishing. You may walk out of the lodge to enjoy the gazebo overlooking the lake or lounge on one of the decks with nearly 5,000 sq ft of outdoor entertainment space. The sand beach is steps away and you can walk to the river along the beach. Autrain Bay is noted for sandy shoreline and sandy bottom . The fishing in the Bay is good for trout and salmon. This business opportunity is based on VRBO platform has an impressive net income of over 8% with minimal owner operations. The occupancy rate would allow for more bookings to increase the net. There is potential for owners quarters in part of the Lodge without any renovations. All the appliances, equipment, supplies and furnishings come with the business providing a turn key opportunity. The Lodge is in very good condition with constant upgrades yearly. If you are looking for a positive business investment with the added value of the real estate, this Lodge will pique your interest. This is log lodge with features such as a media room, sauna, outdoor decks and gazebos, landscaping, several bedrooms and baths. There are two full kitchens and several gathering areas with two main great rooms. All of the furnishings are high end lodge style. Many guests return yearly providing essential repeat business. The property is zoned Town Development which allows for many uses including commercial, residential, and vacation rentals. This opportunity also includes a 1.2 acre vacant parcel across the highway from the lodge should the new owner wish to expand, build an owners cottage, pole barn, additional parking or another commercial venture. This property is for an entrepreneur who appreciates nature, Lake Superior and the peace found in the Upper Peninsula of Michigan. Please verify the details of the property with your agent including the square footage, inventory of included items, P&L statements upon request and any other details during your due diligence period. The main level is partially below grade so please view the total finished square footage.

Details

MLS#: 50130203
Price: $2,950,000

Style: Investment
Sq Ft: 4868
Year Built: 1992

County: Alger
Lot Size: 335x124x175x344
Tax Fee: 11915