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.
Solid investment opportunity or a move-in ready home in the Village of Calumet! This well-built two-unit duplex sits in a great location just steps from downtown and all that the Keweenaw Peninsula has to offer. With separate electrical meters for each unit and a layout that mirrors itself floor to floor, this property offers a straightforward setup for an owner-occupant or investor alike. Each unit offers 2 bedrooms, a full bathroom, a living room, kitchen, and dining area, with hardwood floors running throughout both units. The bay windows bring in natural light and add a classic character that is hard to find in newer construction. Natural gas space heaters service each unit independently. The shared staircase in the rear of the home connects both units to a large, easily accessible attic with great storage potential, as well as a dry, clean basement that offers ample storage space. Calumet is rich in history and continues to be a hub of activity in the Keweenaw Peninsula. Enjoy being just a short walk to downtown Calumet's shops, restaurants, the Calumet Theatre, and Keweenaw National Historical Park sites. Outdoor enthusiasts will appreciate quick access to snowmobile and ORV trails, Mount Bohemia ski area, and the shores of Lake Superior just a short drive away. Whether you are looking to house hack by living in one unit and renting the other, add to your rental portfolio, or convert back to a spacious single family home, this Calumet duplex offers flexibility and value at an attractive price point. Don't let this opportunity pass you by! Check out the 3-D Tour! Disclaimer: Information is deemed reliable but not guaranteed. Buyer and buyer's agent to verify all information, including measurements, utilities, condition, zoning, permitted use, and any potential future use or conversion of the property.
Calumet is located in Michigan. Calumet, Michigan has a population of 768. Calumet is less family-centric than the surrounding county with 29.81% of the households containing married families with children. The county average for households married with children is 30.83%.
The median household income in Calumet, Michigan is $19,028. The median household income for the surrounding county is $48,623 compared to the national median of $69,021. The median age of people living in Calumet is 35.8 years.
The average high temperature in July is 75.6 degrees, with an average low temperature in January of 6.6 degrees. The average rainfall is approximately 31.4 inches per year, with 207.6 inches of snow per year.
