32752 County Road 423 - Specialty FOR SALE


Newberry, MI 49868
$1,700,000 USD
906-202-0952
32752 County Road 423, Newberry, MI for Sale
$1,700,000 USD
Specialty - FOR SALE
1/23
null | Request Cap Rate

32752 County Road 423
Newberry, MI 49868


OVERVIEW

MLS 22-569 The owners have reinvested over 1.1 million dollars into the Rainbow Lodge since the 2013 Duck Lake Fire that consumed all but 2 cabins! Adjacent to the Two-Hearted River Campground, this 40 acre parcel offers immeasurable potential for growth; including a rebirth of winter recreationists and the snowmobile industry! All cabins and store with escrowed liquor license and bottle gas fill up license are supported by solar backed up by generators. The Canoe Livery boasts daily trips on the River Hemingway made famous. With development of the licensed airport (in Escrow) tourists will have an alternative to driving. The property also offers great potential for a retreat! Call Rick Capogrossa at 906-202-0952 or email rickcapo@jamadots.com!

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$312 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Rainbow Lodge

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

40 AC

LAND SF

1,742,400 SF

ZONING

-

APN/PARCEL ID

003-018-027-0200

ASK ABOUT THIS PROPERTY

Enrico CapogrossaCap’s Grand Marais Bucket List RealtyMore Info
906-202-0952

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Enrico CapogrossaCap’s Grand Marais Bucket List RealtyMore Info
906-202-0952

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.