E4836 W M28 Highway Au Train, MI $ 2,950,000
E4836 W M28 Highway
$ 2,950,000
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E4836 W M28 Highway

Au Train, MI, 49806
$ 2,950,000
Baths0.0 Sq 4,868

Monthly Estimate*

$ 20,607

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Studio

Commercial Property for sale in Au Train, MI

for $2,950,000. This 4,868 square foot building was built in 1992 on a lot size of 3.02.

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.

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Commercial Active

Price

$ 2,950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,915

Style

Business

Lot Size

3.02

Year Built

1992

Town/City

Au Train

County/Region

Alger

MLS | Web ID

50130203

Features
General
Heating Hot Water None
Cooling Central A/C
Exterior Features Deck/Patio
Zoning TD: Town Development Other
Water Private Well
Status Active Active
Year Built 1992
Parking On Site
County Alger
Class COM/IND/BUS OPP
Type Business
Business Type Lodge
Business Name Pinewood Lodge Estates
Percent Ownership LLC
Municipality Onota Twp
Commercial Features Cable Internet Installed Telephone
Area Onota Twp (02013)
Virtual Tour https://my.matterport.com/show/?m=XNKZ5Twf4E4
Directions From Marquette travel East on M28 to Autrain. Property is just east of the Brownstone Restaurant on the lake. From Munising proceed on M28 west over the AuTrain River bridge and the property will be
City Au Train
Street Name M28
Financial Terms Cash Conventional
Legal Description SEC 25 T47N R21W 1.82 A PT OF GL6 COM AT SE COR OF SEC 25 TH N 00DEG19'26 E 122.7' ALG E LN OF SEC TO NLY R/W OF M28 TH N72DEG04'11 W 1034.25' ALG R/W TO POB
DOM 146
Price Per Sq Ft 606
Coming Soon
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Exterior
Exterior Block Log
Frontage 335
Body of Water Lake Superior
Lot Size Area 3.02
Lot Dimensions 335x124x175x344
Water Features Great Lake Lake Frontage
Roads City/County Year Round
Waterfront Y/N Yes
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Interior
Fuel Type LP/Propane Gas Natural Gas
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* Excluded Features
List By
BOB SULLIVAN

Listing Agent

Northern Michigan Land Brokers

Broker

landcoach@aol.com

Email

Affordability Calculator

$21,600
Per Month
95%
5%
0%
Monthly Principal & Interest
$20,607
Monthly Property Taxes
$993
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/21/2023$2,950,000 Listed Price

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E4836 W M28 Highway, Au Train, MI, 49806 is a Commercial Property for sale at $2,950,000 with 4,868 sqft and a lot size of 3.02. E4836 W M28 Highway is a studio with 0.0 baths and was built in 1992. The property's zip code is 49806 which is in Au Train, MI