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MLS# 1100686


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505 Second
Copper Harbor, MI 49918


Price: $1,449,000calculate
Bedrooms: 4
Baths: 2
2 Full Bath(s)
0 Partial Bath(s)
Year Built: 1978
Lot Size: 532 FF on Lake Fanny Hooe
11.22 Acres
School Dist.: Grant Twp
Waterbody: Lake Fanny Hooe/Garden Brook
County: Keweenaw
Type: Single Family
Area: Grant T

Bathroom: 1.0
Master Bath: No
Remarks:
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.

This Listing Provided Courtesy Of:
CENTURY 21 NORTH COUNTRY AGENCY-H


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Listing agent:KRISTINE
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