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    203 S Main St Ishpeming, MI 49849

    For Sale
    $199,500

    Commercial/Industrial - Ishpeming, MI

    Property size:
    12,915 SF
    Lot size:
    0.18 Acres
    Days on Market:
    135
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 203 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    525105004000, 525115004600
    Size
    12,915 SF
    Lot size
    0.18 Acres

    Building Details

    Year built
    1898
    Architectural style
    Other

    NORTHERN MICHIGAN LAND BROKERS - H (906) 523-5575

    Listing agent JULIE WAARA (906) 523-5575 License #6501374217

    Listing date Jul 24, 2025

    MLS# 50099577 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

    Historic Anderson Block Building For Sale

    The Historic Anderson Block Building, located in downtown Ishpeming, is available for sale. This cornerstone building features original woodwork, hardwood floors, custom ceilings, and staircases, including a third-floor ballroom. The building has undergone extensive cleanup, with a new roof and fire suppression system installed. Architectural plans are available for retail and housing space. The property includes an additional lot for parking. The building has a total living area of 12915 square feet and is situated on a 0.18-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Historic Anderson Building Historical Landmark

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ishpeming
    County
    Marquette
    State
    Michigan
    Longitude
    -87.668503
    Latitude
    46.489236

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    FAQs

    What type of property is this?
    Storefront property - Cornerstone building in downtown Ishpeming ready for renovation.
    Where is this storefront property located?
    The property is located at 203 S Main St Ishpeming, MI.
    What is the asking price?
    The asking price for this property is $199,500.
    What are key features of this property?
    This property features: - Historic Anderson Block Building with original woodwork, hardwood floors, custom ceilings, and stunning staircases.; - New roof and fire suppression system installed.; - Includes an additional lot for parking.
    (906) 523-5575
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    203 S Main St Ishpeming, MI 49849
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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
    203 S Main St Ishpeming, MI 49849
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