REAL ESTATE AUCTION: July 26, 2018 Keweenaw Mountain Lodge Copper Harbor, MI
Details
14252 US Hwy 41
Copper Harbor, MI 49918
Inspections
Monday, July 2 9 am to 3 pm
Wednesday, July 25 9 am to 3 pm
Thursday, July 26 8 am to 10 am
Other Times by Appointment
Bid Deadline
Thursday, July 26 10:00 am
Share
Location
Details
Keweenaw Mountain Lodge is special. The Lodge and Golf Course were built during the Depression as a public works program. Built in a similar style as other Grand Historic Lodges, it is listed on the National and State Registries of Historic Places. Keweenaw County has owned and operated the facility for over 80 years. During the recent years, an expansion project added a 6,000 Sq. Ft. conference and event center, as well as debt service for the County. The auction will allow a buyer the privilege of owning this piece of history while eliminating contractual financial obligations for the County.
The 177 acre property includes a newer 6,000 Sq. Ft. Conference Center, 9-Hole Golf Course, 120 Person Restaurant & Bar, 2 Liquor Licenses, 24 Cabins (36 Rentable Units), 8 Motel Rooms & Tennis Court.
The dominant feature of the grounds is the nine-hole golf course with mature pines and hardwood trees lining the fairways.
Other features of the property include a disc golf course, tennis court, and trails. These trails may be used for hiking, mountain biking, cross-country skiing, or snowshoeing.
The Main Lodge building has three large public spaces; a bar in the center and dining rooms to either side. These rooms are two stories in height, with exposed log trusses, upper and lower level windows or doors that let in natural light, and massive stone fireplaces in both dining rooms.
The Lower Level is used for storage and houses men's and women's locker rooms.
In 2007, a 6,000 sq. ft. banquet hall and meeting facility was added to the main lodge.
24 Cabins (36 Rentable Units):
2- 3 bedroom stand alone
11- one bedroom duplex cabins totaling twenty-two (22) units
1- one bedroom jacuzzi stand alone cabin. (this was remodeled from 2 br. floor plan)
9- two bedroom stand alone cabins
1- duplex cabin with motel interior design, totaling two (2) units
To view documents related to this sale that may aid you in your due diligence, please complete and return this
.
MANNER OF SALE: The property will sell as one lot and includes: 177 Acres of Real Estate, a newer 6,000 Sq. Ft. Conference Center, 120 Person Restaurant and Bar, 2 Liquor Licenses, 24 Cabins (36 Rentable Units), 6 Motel Rooms, a Tennis Court, and a 9-Hole Golf Course plus all applicable equipment, furnishings and personal property.
10% Buyers Premium. Persons must show $20,000 Certified Deposit at time of registration to obtain a bidding number. $20,000 Minimum Certified Deposit due on day of Sale, with a deposit equal to 20% due within 2 business days, and balance due at closing on or about September 10, 2018. The high bidders deposit money shall become Earnest Money and is Non-Refundable. Keweenaw Title is overseeing the closing.
Selling Subject to Owner Confirmation and Subject to Prior Sale. Selling AS-IS, WHERE IS WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. See Bidder Kit for complete terms.
Bidders are able to bid onsite or online remotely via Proxibid. Bidders utilizing Proxibid must register ONE WEEK prior to the auction and deposit $20,000 in escrow with the closing agent in order to have bidding privileges on the day of sale. Onsite bidders will register on the day of sale at the resort. Bidders must show $20,000 in Certified Funds at time of registration. The Cashiers Check is payable to the bidder; the high bidder will endorse such funds over to the escrow agent at the completion of the sale as the first non-refundable deposit.
In all transactions, Auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by the Auction Company. Any announcement made at the auction takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision. Valid Government Issued Photo ID required to obtain bidding number.
Broker Participation is welcome but not required. A 2% commission will be paid to the licensed broker who, at the time of registration, registers the bidder who pays for and settles for the real estate. To qualify, a broker must attend at least one inspection with his/her client, assist, as needed, in the closing process and attend closing. A broker buying on his/her behalf, or on behalf of any business entity in which he/she holds an interest or on behalf of a family member or a family members business entity, is not entitled to a commission.
Re: REAL ESTATE AUCTION: July 26, 2018 Keweenaw Mountain Lodge Copper Harbor, MI
14252 US Hwy 41
Copper Harbor, MI 49918
To Whom It May Concern: Pursuant to your request, please sign and date this release to receive documents relating to the above noted property. The Seller did not prepare these documents and has no knowledge of their accuracy or completeness. None of the documents shall constitute a representation or warranty of any kind by Seller as to the accuracy or completeness of any information delivered. Accordingly, Seller expressly disclaims any responsibility therefor, including any consequences of any reliance by anyone on them. Please note that the documents and the information contained therein are confidential, and by acknowledging receipt, you agree to keep such information confidential and that you shall not, without the prior written consent of Seller, share any of the documents with anyone other than Potential Buyer and representatives of Potential Buyer who need such information for the purpose of evaluating the premises and who are informed of the confidential nature of the information and also agree to be bound by the terms of this confidentiality provision. By this acknowledgement, you further agree that you will return to me the originals and any copies of the materials forthwith upon demand if the contemplated transaction is not consummated. Please do not hesitate to contact our office with any questions you may have.
