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    101 Hecla St Laurium, MI 49913

    For Sale
    $85,000

    Commercial/Industrial - Laurium, MI

    Property size:
    5,710 SF
    Lot size:
    0.12 Acres
    Days on Market:
    98
    Last Refresh:
    Dec 11 at 12:06 pm

    Property Features for 101 Hecla St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    044-104-023-20
    Interior features
    220 Volt Power, Clear Span, Gas Available, Primary Power, Sheet Flooring, Showroom, Sidewalks
    Size
    5,710 SF
    Lot size
    0.12 Acres

    Building Details

    Year built
    1900
    Building materials
    Vinyl Siding
    Roof type
    Rubber
    Architectural style
    Other

    SUPERIOR PROPERTIES -REAL ESTATE SALES AND RENTALS (906) 369-0094

    Listing agent GEORGE NEWMAN (906) 337-2100 License #6501420993

    Listing date Sep 5, 2025

    MLS# 50187469 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

    Laurium Commercial/Business Space Available

    This commercial space is located in the village of Laurium, positioned in a highly traveled location. The main commercial area measures 41' X 40', featuring a 3/4" OSB subfloor and a new drop ceiling. A new rubber membrane roof was installed 12 years ago. The roof's slope directs runoff to the back of the building, where two drain pipes are situated. The property benefits from a 200 amp service for power and is well insulated. Storage is available on both the main floor and in the basement, which extends 63' long. The building has been recently used for storage and as a shop. Historically, it served as a grocery store. The building will need a new furnace and water heater, and the water has been turned off for about 10 years. The property is situated on a lot of 0.12 acres. The building size is 5710 square feet. The property is zoned for residential use. Taxes may change after the sale of the building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurium
    County
    Houghton
    State
    Michigan
    Longitude
    -88.440882
    Latitude
    47.240344

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      Laurium Industrial Space - $100K

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    FAQs

    What type of property is this?
    Storefront property - Prime commercial space in a highly traveled location in Laurium.
    Where is this storefront property located?
    The property is located at 101 Hecla St Laurium, MI.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: - Prime commercial space in a high-traffic location within the village of Laurium.; - **Substantial 41' X 40' main commercial area** with new drop ceiling and 3/4" OSB subfloor.; - Durable rubber membrane roof installed 12 years ago with effective drainage system.
    (906) 337-2100
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    101 Hecla St Laurium, MI 49913
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    Laurium, MI 49913
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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
    101 Hecla St Laurium, MI 49913
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