If you’ve ever dreamed about becoming an innkeeper on a grand scale, make your way to Michigan.
And make sure to pack your snowboots for this utopia—a small, quaint village located in the Mitten State’s Upper Peninsula.
On the market for $3,499,000, this compound of eight historic buildings in the town of Laurium, MI, landed on the market for less than the price of a single mansion in most states.
It has clearly clicked online—it popped up at No. 3 in our list of most popular homes in early November.
Upper Peninsula stand-out
In a village of 2,000 year-round residents, where the median list price sits at an extremely modest $99,000, this multimillion-dollar listing is an anomaly. Yet the listing agent, Nicholas Asplund of Signature Sotheby’s International Realty, has entertained buyer interest from around the country.
“The Keweenaw Peninsula has been getting more and more popular for tourism,” says Asplund.
“A lot of people will fly in from New York to get off the grid,” he says. “It’s renowned nationally for mountain biking.”
He adds that hedge funds and large land trusts are also reaching out about the properties because a lot of people are hedging their bets on global warming.
“There’s access to fresh water and fruit trees,” he says. “That’s not a short-term play. That’s a 10- to 15-year long-term thing.”
Only blocks from Lake Superior, the location is only a 45-minute drive from a ferry to visit Isle Royale National Park, and Michigan Tech is only 12 miles away.
The total size of the eight properties—zoned for both residential and commercial use—comes out at a whopping 35,380 square feet. The spread spans 2.25 acres and 10 parcels.
This includes 40 bedrooms and 33 bathrooms, all operating as vacation rentals. The structures feature updated electrical, HVAC, plumbing, and refreshed kitchens and bathrooms.
The collection of homes is being sold turnkey and fully furnished. A buyer will acquire everything, including paintings, original light fixtures, beds, and custom stained glass. After 30 years, the current owners are moving on.
“They don’t spend anything on marketing,” says Asplund. “They rely on their loyal fan base and word of mouth.”
Exterior of Laurium Manor
Exterior of Victorian Inn
Victorian Inn carriage house
President Teddy Roosevelt’s bed at Laurium Manor Inn
Interior of Laurium Manor Inn
Laurium Manor Inn dining room<…….