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38741 N Jacobs St Torch Lake, MI 49945
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Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,150 sqft
Price per Sqft $81
Subdivision Mi
MLS Listing ID 10070432
Sold Date 05/27/22
Year Built 1869
Tax Year 2021
Lot Size 1.600 Acres
Acres 1.6
Lot Dimensions 359x395x208x41x157x128
Property Description
Opportunity of a lifetime to own and operate a Lighthouse Bed and Breakfast on 369' of sparkling waterfront on Lake Superior in the UP of Michigan. Which is what the former owners did for 15 years. The historic Jacobsville Lighthouse has 180 degree panoramic views of the Huron Mountains and Keweenaw Bay. Sit back and relax on the back porch and enjoy the views and sounds of the water. It truly is a tranquil experience! The original structure built in 1869 with the addition built in 1962 and a separate 3 unit rental in 2007. The lighthouse portion can have up to 5 bedrooms and the adjacent 1,176 sf. building constructed in 2007 can have 3 separate 1 bedroom rental units overlooking Lake Superior (each with it's own bath and kitchenette)! One unit is finished, one is partially completed, and the upstairs unit needs to be built out. The one finished unit would also make a great mother in law suite. A 50k steel roof was put on in 2018. The newer detached garage/workshop with sauna is 28x36
Location
State MI
County Houghton
Area Torch Lake Twp (31030)
Interior
Heating Forced Air, Space Heater
Cooling Ceiling Fan(s), None
Exterior
Garage On Site
Waterfront Yes
Building
Foundation Crawl, Slab
Water Private Well
Structure Type Brick,Frame,Hardboard,Masonry,Stone
Others
Ownership Private
Energy Description LP/Propane Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Commercial Loan,Conventional
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Bought with STATE WIDE OF HOUGHTON