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    100 W Caspian Ave Caspian, MI 49915

    For Sale
    $249,000

    Commercial/Industrial - Caspian, MI

    Property size:
    12,800 SF
    Lot size:
    1.00 Acre
    Days on Market:
    212
    Last Refresh:
    Dec 5 at 12:06 am

    Property Features for 100 W Caspian Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    051-208-001-00
    Size
    12,800 SF
    Lot size
    1.00 Acre

    Building Details

    Year built
    1930
    Architectural style
    Other

    WILD RIVERS REALTY-F (800) 650-2842

    Listing agent STEPHEN REMONDINI (906) 265-7325

    Listing date May 8, 2025

    MLS# 50164364 Listing URL

    Copyright © 2025 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Caspian Commercial/Industrial Opportunity

    This commercial property in Caspian, MI, presents a business opportunity with a 12,800 square foot main building that formerly served as a meat processing and supplier facility. The building includes several walk-in coolers and processing stations. The basement features a breakroom, restroom, and additional coolers. The property also includes a retail area at the front of the building, living quarters, and office space. Ceiling heights vary, with 9, 10, and 14-foot ceilings present. The structure incorporates 14-inch block bar joists and is equipped with 3-phase 220 power, supported by two 200 amp services. An additional 1,800 square foot garage is located on the premises. The property features a large paved lot and is conveniently located off Hwy 424. The lot size is 1 acre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Meyer Wholesale Inc Meat Wholesaler

    Suggested Use

    Hair Salon Building Supply Clothing Store Auto Repair Shop Wholesale Shop Auto Parts Store Bar & Pub HVAC Service Discount Store Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Caspian
    County
    Iron
    State
    Michigan
    Longitude
    -88.632284
    Latitude
    46.063608

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      Caspian Industrial Property - Huge Potential

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      Caspian Bar & Apartment Building

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Commercial property with retail, living quarters, and large garage.
    Where is this refrigerated / cold storage located?
    The property is located at 100 W Caspian Ave Caspian, MI.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - 12,800 sq ft main building featuring retail area, living quarters, and office space plus basement.; - Equipped with multiple walk-in coolers and processing stations, ideal for food-related businesses.; - Includes an additional 1,800 sq ft garage and a large paved lot.
    (906) 265-7325
    Request Owner's contact information
    100 W Caspian Ave Caspian, MI 49915
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    Caspian, MI 49915
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    100 W Caspian Ave Caspian, MI 49915
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