3702 Squaw Beach Rd - Residential Income FOR SALE


Big Bay, MI 49808
$2,100,000 USD
906-225-1136
3702 Squaw Beach Rd, Big Bay, MI for Sale
$2,100,000 USD
Residential Income - FOR SALE
1/62
null | 11% Cap Rate

3702 Squaw Beach Rd
Big Bay, MI 49808


HIGHLIGHTS

  • Landmark downtown Marquette property with established community recognition.
  • Walkable location near Lake Superior waterfront attractions and businesses.
  • Mixed-use configuration supports multiple occupancy and operational strategies.
  • Located within Marquette's primary commercial and entertainment district.
  • Flexible layout accommodates retail, office, dining, and event-related uses.
  • Positioned in the economic center of Michigan's Upper Peninsula.

OVERVIEW

Experience an incredible opportunity to own a fully furnished Lake Superior beach house offering exceptionalspace, breathtaking waterfront views, and outstanding investment potential. Situated on a double lot with just under 2 acres ofland and more than 200 feet of Lake Superior frontage, this one-of-a-kind property is designed for gathering, entertaining, andenjoying everything the Upper Peninsula has to offer. With an impressive 9 bedrooms and 5 full bathrooms, the homecomfortably sleeps up to 26 guests. Whether you are looking for a spacious year-round residence, family retreat, vacation home, or income-producing investment property, the possibilities here are nearly endless. The property also features two separate in-law suites, providing additional flexibility for extended family, guests, or rental accommodations. The lower level is made for entertaining, highlighted by a beautiful wet bar, while throughout the property you'll find four fireplaces creating warmth and character during the colder months. Nearly every area of the home takes advantage of the spectacular Lake Superior setting, with gorgeous views and direct access to a dreamy sandy beach perfect for long walks along the shoreline. The original cabin dates back to 1946, with a substantial addition completed in 2006. The addition was constructed on pilings and built with comfort and durability in mind, featuring 5/8-inch drywall, sound-deadening construction, and substantial insulation, including R-50 and R-70 insulation in the ceiling areas. A 1,000-gallon propane tank is owned by the seller and included with the property,

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$306 USD /SF

CAP RATE

11%

% LEASED

25%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake superior beach retreat

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

residential / com

APN/PARCEL ID

52-11-530-040-00

ASK ABOUT THIS PROPERTY

Travis BennettRe/Max 1st RealtyMore Info
906-225-1136

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Travis BennettRe/Max 1st RealtyMore Info
906-225-1136

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