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505 SECOND ST
COPPER HARBOR, MI 49918

$1,449,000
MLS# 1100686

 

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PROPERTY DESCRIPTION

Residential - 1 1/2 Story

LIVE – WORK – AND PLAY -- LAKE FANNY HOOE - COPPER HARBOR, MICHIGAN – A destination place where you can enjoy living on Lake Fanny Hooe, a very enjoyable and warmer inland lake; be close to Lake Superior and so many recreational activities. Beautiful setting with woods, grassy yard and beach. The current owners are looking to retire and relocate which means this is a fantastic opportunity for your career change AND make an investment in your future. The campground and resort business has an 11% Cap Rate for the last two seasons (2015 and 2016) and has only been operating for approximately 4 ½ months per season. It could operate for even more months during the year for more return on your investment. The residence includes a 4 bedroom, 2 bath home and has a very nice floor plan with 3 bedrooms on the main floor and 1 master suite upstairs with bedroom and bathroom all overlooking the lake. This home and setting includes a well-maintained, turn-key, ALL season resort with approximately 532 +/- feet of water frontage on the warm inland lake with sandy beach for great swimming and has a Trout stream running through the 11+/- acres. Also included are a 14 unit motel, 3 cabins, 1 apartment, 64 seasonal campground sites, gift shop/camp store, boat rentals, propane refill station, laundromat, clubhouse, sauna, garage, outbuildings, playground, docks, grills, picnic tables, and fire pits. Home and resort are located with direct access to ATV, snowmobile, hiking, biking, and cross country ski trails. Many repeat guests add to the success of this resort and campground that is just down the road from Copper Harbor's shops, restaurants, and attractions. Business has an established website to attract new customers, www.fannyhooe.com. Sellers are willing to share their successful secrets for a training period after closing. Also listed as commercial property under MLS# 1100685. Prequalification/Letter of Reference and confidentiality agreement required prior to viewing the property and additional 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: Grant Twp

Property Tax Area: Grant Township

Waterfront: Lake
Water View: Lake
Shoreline: Sand

Road Access: Year Round

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DETAILS
Total Bedrooms 4.00
Total Bathrooms 2.00
Est. Square Feet (Finished) 2160.00
Acres (Approx.) 11.22
Lot Dimensions 532 FF on Lake Fanny Hooe
Year Built (Approx.) 1978
Status: Active
 
 
ADDITIONAL DETAILS
ROOM SIZE
Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 4
Living Room
Dining Room
Dining Area
Kitchen
Family Room
Bathroom 1 1.0
Bathroom 2 1.0
Bathroom 3
Bathroom 4
 
BUILDING & CONSTRUCTION

Foundation: Block

 

Basement: Partial

Construction: Conventional Frame

Garage: Two Car,Detached

Fireplace: Wood Burning

 

Exterior: Wood

Outbuildings: Shed

 

Accessibility:

First Floor Bath: Yes

 

First Floor Bedroom: Yes

Foundation: Block

 

Basement: Partial

Green Features: None

 

Extras: Appliances Negotiable, Dishwasher, Dryer, Oven/Range, Refrigerator, Sauna-Interior, Washer, Porch/Deck/Patio, Dock

 
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

 
 
 
 

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REAL ESTATE

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& MORE

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FORESTRY

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