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12390 BLACK RIVER
IRONWOOD, MI 49938

$599,900
MLS# 1107868

 

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PROPERTY DESCRIPTION

INVESTMENT/ENTREPRENEURIAL OPPORTUNITY WITH POTENTIAL IN MICHIGAN’S WESTERN U.P. – A rare find in the Ironwood area offering an incredible investment and/or TURN KEY entrepreneurial opportunity. This 26,000 square foot, 3 level HOTEL has building w/ 22 unique rooms with updates rooms and features a 55’ x 22’ pool and hot tub. AMENITIES: Meeting and Conference Areas: Conference room and dining room seats 120-130, and is a great place to hold dinner club events, weddings & meetings. Large commercial kitchen is licensed for continental breakfast and limited menu. Comes with the essentials to be reopened as a full service restaurant! INDOOR RECREATION: Heated pool and hot tub, upstairs game loft and an additional family billiard and game area. Lower lounge/bar is a guest favorite and recently received flat screen TV’s, POS machine & new drinkware. Full bar, dance floor, video games and billiard table. Seats up to 90. Bar cellar is stocked with the favorites. Liquor & license to be sold separately & sellers will work w/ buyer to complete licensing OFFICE: Private office w/ all equip. needed to operate, reservation system, wi-fi network, security cam’s, etc. PRIVATE LIVING QUARTERS: Includes 2-level attached living quarters with 4 bedroom, 3-1/2 bath, laundry room, kitchen w/ new flooring, fireplace, master suite w/ master bath & garden tub. OUTDOORS: 65 acres of pure Michigan wilderness will be yours and provides incredible opportunity for expansion through onsite campground! 12 sites - 6 water/electric and 6 rustic, with room for more! Playground nearby with swings, slide & monkey bars. Large bathhouse offers men’s and women’s wash rooms and dump station. Private trail system provides recreation, direct access to state land and Black River. Picturesque wedding location & hand-built arch. Picnic area & community campfire pit. EXTRAS: Facility received new steel roof in 2015. Functional wood burning and propane heating systems. Attached garage/shop with all equipment to function s/a tractor, lawnmower, plow truck, golf cart, hand tools, misc parts etc. LOCAL ACTIVITIES: Lodge & property located along the Black River and several area hot spots and attractions: 3 major ski resorts within minutes, 2 x-country ski areas, 3 miles to Copper Peak, 7 miles to five waterfalls, 9 miles to Black River Harbor, 10-15 minutes to Little Girls Point, motorized trails, Ironwood/Bessemer/Wakefield/Hurley, 1 hr to Porcupine Mtns. FOR THE ENTREPRENEUR, this turn key operation allows you to be your own boss and endless income potential. FOR THE INVESTOR, the income producing ability abounds. All licensing up to date & in compliance. So much more to see with this amazing one of a kind property. Please call for a walk through!

 
LOCATION
12390 BLACK RIVER
Ironwood, MI 49938

County: Gogebic

School District:

Property Tax Area: Ironwood Township

Waterfront: None
Water View: River
Shoreline: Not Applicable

Road Access: Year Round

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DETAILS
Business Type Hospitality
Total Buildings 3.00
Total Building Square Feet 26100.00
Lot Dimensions
Year Built (Approx.) 1976
Status: Sale Pending w/Contingency
 
 
BUILDING & CONSTRUCTION

Foundation: Block,Poured,Slab

 

Basement: Full

Construction: Conventional Frame,Masonry

Garage:

Fireplace:

 

Exterior: Brick,Steel,Stone,Wood

Outbuildings: Carport,Shed

 

Accessibility: Access-Bathroom Sink,Access-Electric Controls,Covered Entrance,Grab Bar Bath(s),Lever Door Handles,No-Step Entrance,Ramped Entrance,Rocker Light Switches,36 In. or More Entr. Door

First Floor Bath:

 

First Floor Bedroom:

Foundation: Block,Poured,Slab

 

Basement: Full

Green Features: Energy Star Appliances,Natural Daylighting

 

Extras:

 
UTILITIES, HEATING & COOLING

Electric: Yes

 

Natural Gas: No

Sewer: Septic

Water: Drilled Well

Cable: No

 

Telephone: Yes

Propane Tanks: Owned

 

Air Conditioning: Central,Wall Unit

Heat: Electric,Oil Hot Water,Wood Hot Water

 

Supplemental Heat: Wood Hot Water

 
 
 
PAYMENT CALCULATOR
Loan Amount:
(enter numbers only)
Interest Rate: %
Repayment Period: YEARS
   
MONTHLY PAYMENT
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* 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:
Silver Properties, Inc.

Listing Agent:
Virshek, Danielle

 
 
 
 

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REAL ESTATE

Search MLS Properties
Today's New Listings

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JOURNALS, MEDIA
& MORE

Pic of the Day
Josh's Journal

Property Tax Estimator
Snowfall Total Contest

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Josh's Live Stream
Bridge Cam
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Mackinaw Bridge Cam
MTU Campus Cam

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FORESTRY

Hunting Journal
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Forestry Journal

 

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