321 Fair Avenue $175,000

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    321 Fair Avenue Marenisco, MI 49947

    • 2,772 sq. ft.
    • 0.35 Acres
    • Commercial
    • MLS# 50132021
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    Views: 28 Days On Site: 332

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    Property Details

    YEAR-ROUND RESTAURANT/LAUNDROMAT WITH LIQUOR LICENSE, located right on the bustling Snowmobile/ATV trail in Marenisco, Michigan. This well-maintained property offers an exciting investment opportunity in the heart of the western Upper Peninsula. Built in 2010 and updated with modern conveniences, this multi-purpose property combines a fully operational restaurant and a 24/7 laundromat, both designed to serve locals and tourists alike. The restaurant features a spacious dining room with seating for 50 guests, highlighted by beautiful woodwork both inside and out, creating a warm and inviting atmosphere. The large commercial kitchen comes fully equipped with walk-in coolers and all the essentials needed to serve breakfast, lunch, and dinner. Guests can enjoy the view of the Snowmobile/ATV trail through the dining room windows, offering a unique experience year-round. Located only 11 miles from beautiful Lake Gogebic and close to the Wisconsin border!

    • General Features
      • Acreage 0.35
      • Area Municipality Marenisco Twp (27008)
      • County Gogebic
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership Private
      • Total SqFt Finished 2772
      • Waterfront Y/N No
      • Year Built 2010
    • Building Features
      • Cooling System Ceiling Fan(s), Central A/C
      • Exterior Construction Wood
      • Foundation Type Slab
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Asphalt
    • Property Features
      • Water Public Water
      • Water Features None
      • PARKING 11-20 Spaces
      • Lot Size 60x130, 60x122
      • Roads City/County, Class A, Paved Street
      • Sewer Septic Public Sanitary

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    Property History

    Date Event Price Percent Change
    -- Current Price Source: Multiple Listing Service New Value: $175,000
    12/17/2024 5:06:02 PM Price Reduced Source: Multiple Listing Service New Value: $175,000 -11.84%
    1/24/2024 11:06:00 AM New in Database Source: Multiple Listing Service New Value: $198,500

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    ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
    Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.