$659,900
Sugar Island, MI 49783
MLS# 22-1187
2992 sqft
1 / 94
Property Description
LOW COST COMMERCIAL BUSINESS OPORTUNITY: Here is your chance to own a marketable and already income generating piece of paradise. This 5 bedroom, 3 bath waterfront home located on beautiful Sugar Island boasts just over 200 feet of waterfront on the St. Mary's River and almost 5 acres of land. Currently being operated as a mini resort with 4 rentable cabins, 4 RV sites, small store with bath house, and reservations already for the summer of 2024. The home is a custom built with a 6+ car attached garage. The cabins come fully furnished and ready to rent. Items included in the sale are all outdoor furniture, picnic tables, grills, chairs, 190' of floating dock, bikes, and more. With the extra large deck, frog pond, and views the earning potential is incredible.
Details
Documents
Contract Information
Current Price: $659,900
List Date: 2023-06-29
List Price: $659,900
Status: Active
For Sale or Rent: Sale
Property Information
Type: Commercial Income
Realtor.com Type: Commercial
Present Use: Mixed Use
Possible Use: Mixed Use
Building SqFt: 2501 - 3000
Age: 21 - 30
Waterfront: Yes
# Parking Spaces: 8
Total SqFt.: 2992
Lot Size: 4.29 A
What's Included: See Attachment #2
Duplicate: No
Location, Tax and Legal
Area: 71 - Sugar Island
Unit #/St #/Space #: 12427
Street Direction Pfx: S
Street Name: Homestead
Street Suffix: RD
State: MI
Zip Code: 49783
County: CHIPPEWA
School District: Sault Ste Marie
Tax ID: 013-101-015-00 & 013-625-014-00
Special Assessment: Unknown
Homestead Y/N: Yes
Taxes: 4854.95
SEV: 150700
Taxable Value: 146624
Tax Year: 2022
Directions and Remarks
Directions: From the ferry, Head east on 1 1/2 Mile Rd toward S Whitehead Rd. Turn right onto S Brassar Rd and in 4.5 Miles then turn left onto E 6 Mile Rd. In half a mile it becomes S Homestead Rd. Property on your left in 8.9 miles.
Hot Sheet Comment: new
Property Features
Basement: Block; Crawl Space
Construction: Wood Frame
Exterior Finish: Wood
Drive: Gravel; Dirt
Extras: Fire Alarm; Fireplace; Handicap Access; Laundry; Living Quarters; Restroom; Smoke Detectors; Storage; View
Heating: Baseboard; Electric; Natural Gas; Wood
Parking: 1 - 10 Spaces
Possession: Negotiable
Road Surface: Gravel
Roof: Metal; Shingle
Sewer: Septic
Water: Drilled Well
Showing Instructions: 24 Hr Notice
Terms: Cash; Conventional
Seller's Disclosures 
Listing Office: CENTURY 21 Advantage Plus
Listing Agent: Chris Toulouse
Last Updated: August - 28 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.