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3702 Squaw Beach Rd - Lake superior beach retreat 6,856 SF Specialty Building Offered at $2,907,576 CAD at a 11% Cap Rate in Big Bay, MI 49808
Investment Highlights
- Landmark downtown Marquette property with established community recognition.
- Mixed-use configuration supports multiple occupancy and operational strategies.
- Flexible layout accommodates retail, office, dining, and event-related uses.
- Walkable location near Lake Superior waterfront attractions and businesses.
- Located within Marquette's primary commercial and entertainment district.
- Positioned in the economic center of Michigan's Upper Peninsula.
Executive Summary
Experience an incredible opportunity to own a fully furnished Lake Superior beach house offering exceptionalspace, breathtaking waterfront views, and outstanding investment potential. Situated on a double lot with just under 2 acres ofland and more than 200 feet of Lake Superior frontage, this one-of-a-kind property is designed for gathering, entertaining, andenjoying everything the Upper Peninsula has to offer. With an impressive 9 bedrooms and 5 full bathrooms, the homecomfortably sleeps up to 26 guests. Whether you are looking for a spacious year-round residence, family retreat, vacation home, or income-producing investment property, the possibilities here are nearly endless. The property also features two separate in-law suites, providing additional flexibility for extended family, guests, or rental accommodations. The lower level is made for entertaining, highlighted by a beautiful wet bar, while throughout the property you'll find four fireplaces creating warmth and character during the colder months. Nearly every area of the home takes advantage of the spectacular Lake Superior setting, with gorgeous views and direct access to a dreamy sandy beach perfect for long walks along the shoreline. The original cabin dates back to 1946, with a substantial addition completed in 2006. The addition was constructed on pilings and built with comfort and durability in mind, featuring 5/8-inch drywall, sound-deadening construction, and substantial insulation, including R-50 and R-70 insulation in the ceiling areas. A 1,000-gallon propane tank is owned by the seller and included with the property,
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$48,633
|
$7.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$48,633
|
$7.09
|
| Taxes |
-
|
-
|
| Operating Expenses |
$6,948
|
$1.01
|
| Total Expenses |
$6,948
|
$1.01
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $48,633 |
| Annual Per SF | $7.09 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $48,633 |
| Annual Per SF | $7.09 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,948 |
| Annual Per SF | $1.01 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $6,948 |
| Annual Per SF | $1.01 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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3702 Squaw Beach Rd - Lake superior beach retreat
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