Exceptional investment opportunity in the heart of Michigan's Keweenaw Peninsula! Centennial Cottages offers 10 rentable cottages plus a main house, generating income with significant upside still on the table. The current owners — preparing for retirement — have taken extended breaks in recent seasons, leaving occupancy gains ready for a motivated new operator to capture. Two 2-bed/1-bath cottages and eight 1-bed/1-bath cottages are each equipped with their own A/C and furnace, ensuring year-round comfort for guests. A charming hand-crafted courtyard and fire pit create a welcoming gathering space that guests love. The property also includes a laundry building, retail space, a large pull-through 41x50 shop,, office building, a large pull-through garage, and a separate heated garage. With additional land available to expand the cottage count, the growth potential here is real. Trail #3 runs right alongside the property, putting ATV and snowmobile access literally steps from your guests' doors. Enjoy having vacationers during the summer and Whether you're looking to scale a thriving hospitality business or step into a turnkey operation with room to grow, this is a rare Keweenaw find. Signing an NDA is required to view Offering Memorandum/Financials. NOTICE: Taxes are not zero. All information believed accurate but not warranted. Buyer recommended to inspect & verify all aspects of the property & bares all risks for any inaccuracies including but not limited to estimated acreage, lot location/size, square footage, utilities (availability & costs associated). Real estate taxes are subject to change (possibly significant) & municipality reassessment after sale. Buyer should NOT assume that buyer’s tax bills will be similar to the seller’s current tax bills. Audio/video recording devices may be present on property and entering the property shall be considered consent to be recorded. OFFERS: 72 hours response time requested on offers. Seller, at seller's sole discretion, with or without notice, reserves the right to set and/or modify offer submission & response deadlines.
14 days
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1,357
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66
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Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
NOAH JUKURI906-281-5010,
CENTURY 21 AFFILIATED906-482-0001,
MICHAEL JUKURI906-281-1306,
CENTURY 21 AFFILIATED
Source: MiRealSource,MLS#: 50212959Originating MLS: Upper Peninsula Assoc of Realtors
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 14
Bathrooms: 13
Full bathrooms: 11
1/2 bathrooms: 2
Bedroom 1
Features: No
Bathroom
Features: First Flr Bath Lav/Half
Kitchen
Features: Eat-in Kitchen
Heating
Forced Air
Cooling
Wall/Window Unit(s)
Appliances
Included: Dryer, Microwave, Range/Oven, Refrigerator, Washer, Gas Water Heater
Features
Flooring: Hardwood
Basement: MI Basement
Has fireplace: No
Common walls with other units/homes: No Common Walls
Interior area
Total structure area: 6,096
Total interior livable area: 6,096 sqft
Property
Parking
Total spaces: 4
Parking features: Detached, Workshop in Garage
Garage spaces: 4
Features
Patio & porch: Porch
Waterfront features: None
Frontage length: 401
Lot
Size: 2.92 Acres
Dimensions: 401 x 160 x 111 x 76 x 383 x 300
Features: Cleared, Cul-De-Sac
Details
Additional structures: Shed(s), Garage(s)
Additional parcels included: 002-160-022-00
Parcel number: 03100216002100
Zoning: C-1 Commercial
Zoning description: Commercial
Construction
Type & style
Home type: MultiFamily
Architectural style: Conventional Frame
Property subtype: Multi Family
Materials
Vinyl Siding
Foundation: Basement, Slab
Condition
Year built: 2005
Utilities & green energy
Gas: Natural Gas
Sewer: Septic Tank
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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