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505 SECOND ST
COPPER HARBOR, MI 49918

$1,449,000
MLS# 1100685

 

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PROPERTY DESCRIPTION

LAKE FANNY HOOE, COPPER HARBOR, MICHIGAN - Located where U.S. Highway 41 begins this resort and campground is a favorite destination location of many repeat customers who the owners appreciate as a great part of their success over the last many years. Now the time has come for the owners are looking for their successors as they plan to retire and relocate which means this is YOUR OPPORTUNITY to enjoy this business investment which has an 11% Cap Rate for 2015 and 2016 seasons which were only in operation for approximately 4 1/2 months each. The campground and resorts sits on approximately 532+/- feet of Lake Fanny Hooe frontage with sandy beach and approximate 11+/- acres with a Trout stream running through it. The location is great for campers and guests to easily access the well-traveled recreational trails that are becoming more popular each year, close proximity to the community attractions of the quaint town of Copper Harbor. This well maintained, turn-key, ALL season resort includes a 14 unit motel, 3 cabins, 1 apartment, 64 unit seasonal campground, gift shop/camp store, boat rentals, propane refill station, laundromat, clubhouse, sauna, garage, outbuildings, playground, docks, grills, picnic tables, fire pits, and a large 4 bedroom 2 bath home overlooking Lake Fanny Hooe. Resort located on the ATV trail and has direct access to snowmobile, hiking, biking, and cross country ski trails that have been nationally recognized. Great opportunity to live, work and play in this beautiful Keweenaw Peninsula location. The 4 bedroom home could serve as living quarters or another rental opportunity. Business has an established website to attract new customers, www.fannyhooe.com. WIFI is also available at the resort. The seller is willing to share the secrets of their success during a training period after closing. Want to improve on the Cap Rate? The seller can share ideas of areas that could do so, with the least amount of capital investment. The resort has operated year round in the past. Also listed as residential listing, MLS# 1100686. Prequalification/Letter of Reference and confidentiality agreement required prior to viewing property and providing financial information. Thank you for understanding that showings/tours are only available during the operating months from opening in May through closing in October.

 
LOCATION
505 SECOND
Copper Harbor, MI 49918

County: Keweenaw

School District:

Property Tax Area: Grant Township

Waterfront: Lake
Water View: Lake
Shoreline: Sand

Road Access: Year Round

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DETAILS
Business Type Resort and Campground
Total Buildings 13.00
Total Building Square Feet 13663.00
Lot Dimensions 532'+/- on Lk Fanny Hooe
Year Built (Approx.) 1978
Status: Active
 
 
BUILDING & CONSTRUCTION

Foundation: Block,Crawl Space,Slab

 

Basement: Partial

Construction: Conventional Frame

Garage:

Fireplace:

 

Exterior: Wood

Outbuildings: Shed,Garage

 

Accessibility:

First Floor Bath:

 

First Floor Bedroom:

Foundation: Block,Crawl Space,Slab

 

Basement: Partial

Green Features: None

 

Extras:

 
UTILITIES, HEATING & COOLING

Electric: Yes

 

Natural Gas: No

Sewer: Township

Water: Township

Cable: Yes

 

Telephone: Yes

Propane Tanks:

 

Air Conditioning: Wall Unit

Heat: Electric

 

Supplemental Heat: Wood

 
 
 
PAYMENT CALCULATOR
Loan Amount:
(enter numbers only)
Interest Rate: %
Repayment Period: YEARS
   
MONTHLY PAYMENT
*
* The Monthly Payment amount calculated may vary from the actual payment amount. Always consult your financial institution for actual amounts.
 
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Listing Office:
Century 21 North Country Agency-h

Listing Agent:
Weidner (jukuri), Kristine

 
 
 
 

HOME   |   CONTACT   

 

REAL ESTATE

Search MLS Properties
Today's New Listings

Featured Listings
Land Contract Properties

 

JOURNALS, MEDIA
& MORE

Pic of the Day
Josh's Journal

Property Tax Estimator
Snowfall Total Contest

WEBCAMS

Josh's Live Stream
Bald Eagle Nest Cam

Live Wolf Cam
Bridge Cam
Lake Superior Cam
Mackinaw Bridge Cam
MTU Campus Cam

HUNTING &
FORESTRY

Hunting Journal
Buck Pole
Northwoods Forest Mgmt.
Forestry Journal

 

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