Views
Address
27795 Us Highway 41 Spurr Twp, MI
Price
$ 450,000
Property Attributes
  • ID#2210072981
  • TypeCommercial
  • CountyBARAGA
  • CitySpurr Twp
  • AreaSpurr Twp
  • Zip49861
  • StyleLAKE RUTH MARINE! Marine Sales/Service,Boat Storag
  • Year Built1959
  • Taxes$ 810
  • Price$ 450,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1200
  • Lot Size1.25 Acres
Listing Provided Courtesy Of:
Howe Team, Inc
Data Source:
RealComp
Property Description

ROI over 20 %! LAKE RUTH MARINE an ESSENTIAL BUSINESS and UP's most renown, time honored 50 year old family Marine Business in the same location on US 41 directly across the street from and beautiful views of Lake George. Sale is inclusive of Land; Buildings; Inventory and Vehicles (totaling over $300,000); Exclusive Dealerships with Largest Boat,Docking and Engine Manufacturers covering the UP.All inventory,including but not limited to Boats,Docking,Paddle Boats,Engines/Props,Trailers,Vehicles (including 2 Trucks),New and Used Boats,Docking and thousands of retail parts,ancillary marine and fishing products,etc.Operation May to October is turn key,non owner operated and staffed by long term employees and the original family owners.Sales and income increasing year over year.Business Operations:Sales and Servicing of boats,docks, engines,retail sales of all marine parts and fishing apparatus.Boat and engine winterizing, shrink wrap and boat storage,dock install/pull outs.Immed Income

Price History
9/1/2021 Listed $425,000

General Features

Business Type Recreational, Retail, Service
Commercial Type Business And Real Estate
Construction Materials Block/Concrete/Masonry
Cumulative Days on Market 130
Current Use LAKE RUTH MARINE! Marine Sales/Service, Boat Storage, Docking Sales/Service, Engine Sales/Service/Winterization
Gross Scheduled Income 525000.00
Heating Wall/Floor Furnace, Window/Wall Unit
Listing Agent Public Id 374520
Net Operating Income 81000.00
Operating Expense 444000.00
Ownership Status Private Owned, Short Sale - No
Parcel Number 00506703600
Possession At Close
Property Type Commercial
School District Nice (Ishpeming) N.I.C.E
Sewer Common Septic
Short Sale No
Status Active
Terms Offered Cash, Conventional, Pur. Money Mortgage
Total Sq Ft 1200
Transaction Type Sale
Waterfront Description Lake Privileges, Lake/River Priv
Year Built 1959
Year Remodeled 2019
Zoning Commercial

Interior Features

Heating Fuel Electric

Exterior Features

Architecture Level 1 Story
Foundation Slab
Foundation Materials Block
Frontage Feet 360
Lot Size Area 1.25
Lot Size Dimensions 360 X 360 X 152 X 152
Roof Material Asphalt
Water Source Well-Existing
Waterfront Name Lake George

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


IDX provided courtesy of Realcomp II Ltd., via and The Originating MLS(found above), © 2022 Realcomp II Ltd. Shareholders. Shareholders. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of January 15, 2022 3:21 PM UTC Information deemed reliable but not guaranteed. The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of Realcomp Ltd

Property vs Commercial Average in 49861

Price
AVG $450K
$450K
Taxes
AVG $810
$810
Visits
AVG 10
9
Year Built
AVG 1952
1959