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About This Home

This 0-bedroom, 0-bathroom commercial at 27672 US 41 Highway in Michigamme, MI is listed for $425,000 ($91 per sqft). Built in 1950, the home offers 4,658 sqft of living space on a 1.38 acres lot.

Agent Description

MICHIGAN HOSPITALITY DESTINATION! Set among the sparkling waters and forested beauty of Michigan's Upper Peninsula, this exceptional property presents a rare chance to own a thriving lakeside business and lifestyle retreat in one package. - Overlooking 350 feet of scenic frontage between Ruth Lake and George Lake, in Spurr Township's Three Lakes Re

gion, the property is home to The Bear's Paw - a well-established 10-bedroom, 10-bath resort and motel that has long welcomed vacationers, hunters, and travelers seeking the authentic Northwoods experience. - The lodge offers more than 3,100 square feet of warm, inviting space featuring pine finishes, comfortable guest suites, and recent updates throughout.

Modern touches include remodeled baths, LED televisions, multiple refrigerators, air-conditioning units, and quality bedding. - A private dock and four outbuildings provide ample room for storage and recreation, which may include watercraft and outdoor gear - fishing boat, kayaks, canoes, and life jackets - encouraging guests to enjoy the best of Michigan's outdoor lifestyle right from the shore.

- Also on site is a spacious two-bedroom, two-bath manager's residence complete with a full kitchen, dining room, and office space, offering comfort and flexibility for owner-operators or staff. Great tourist and snowmobile trade, make this a great place to own and operate.

Surrounded by endless recreational possibilities - from fishing and boating to hundreds of miles of nearby ATV trails and abundant hunting lands - this rare Northern Michigan compound combines income potential with the peace and charm of lakefront living. Here, business and pleasure truly meet on the water's edge!

Key Features

  • Built in 1950
  • 1.38 acre lot
  • Waterfront

Property Details

1950

Amenities

Waterfront

Monthly Cost Estimate

$2,273/mo

20% down · 6.5% · 30 years

Principal$307
Interest$1,842
Insurance$124

Estimates only. Actual payments may vary.

Location

27672 US 41 Highway

Michigamme, MI 49861

Features & Amenities

Exterior Features

Security Lighting

Property Details

Parking

Parking Lot

Heating

Space Heater

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 27672 US 41 Highway is listed at $425,000 ($91/sqft). The estimated monthly payment is $1,842 based on 20% down at 6.5% interest.

Key features include: Built in 1950, 1.38 acre lot, Waterfront. Exterior Features: Security Lighting.

This property is listed by TIM KEOHANE and can be reached at 9062289312 or timandlinda@greatlakesandland.com.

TK

TIM KEOHANE

Agent at GREAT LAKES & LAND OF MARQUETTE, INC.

(906) 228-9312

Listed by GREAT LAKES & LAND OF MARQUETTE, INC.

MLS# 50194326· Source: listhub· Updated 199 days ago

Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

27672 US 41 Highway, Michigamme, MI 49861

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