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.
46 days
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682
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38
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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
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