11% Cap Rate | Michigan Lakefront Lodge & Marine Business For Sale

SVN | Northco is pleased to present the listing of Gogebic Lodge & Marine ("Property") a full-service resort that offers multiple revenue streams located in Marenisco, MI on Lake Gogebic. The Property has two protected harbors and a full-service marina with gas. Boat rentals are available at Gogebic Lodge for all guests. From one-bedroom cottages to three-bedroom chalets as well as a campground area with hookups for motor homes, campers, and tents, Gogebic Lodge can accommodate groups or families of any size. A full-service restaurant and lounge are also onsite with a banquet/meeting facility equipped to accommodate up to 250 people. The Property is open year-round and offers several amenities including a new screened-in outdoor pavilion with a grill, central AC in the main lodge and cabins, a sauna, access to snowmobile trails, and much more. There is also a profitable marine and storage business included in the sale. Additionally available, but not included in the sale price, are 35 acres of development land.

Sale Highlights:
- 11% cap rate: Profitable year-round resort and marine business on 8.36 acres of land with a variety of lodging accommodations and amenities nestled in the heart of the natural beauty of the Upper Peninsula of Michigan
- Well-known restaurant and lounge onsite with banquet/meeting facilities accommodating up to 250 people
- Two protected harbors and a full-service marina with gas and boat rentals, featuring 1,180 feet of shoreline along Lake Gogebic. The sale also includes a marine and storage business
- Additionally available, but not included in the sale price, are 35 acres of development land
- Located on Lake Gogebic, recognized as a major fishery with over 38 miles of beautiful shoreline