Torch Lake, MI 49945,38741 N Jacobs St
Torch Lake, MI 49945,38741 N Jacobs St
Torch Lake, MI 49945,38741 N Jacobs St
50
$500,000
$550,000
9.1%
Est.Price: ?

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6,150 SqFt

38741 N Jacobs St Torch Lake, MI 49945

Est. payment /mo
SOLD DATE : 05/27/2022

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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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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by STATE WIDE OF HOUGHTON
Bought with STATE WIDE OF HOUGHTON

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Morgan Beilfuss

Agent | License ID: 6501277052

+1(989) 277-7860

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