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Mixed-Use Building with Apartments
For Sale
$225,000

230 W Superior Street, Munising, MI 49862

COM/IND/BUS OPP, Munising, MI

Property Size3,200 SF
Lot Size0.16 Acres
Price / SF$70.31
Days on Market93

Property Features for 230 W Superior Street

General Information

Property type Commercial Sale
Property subtype Other
Parking features Off Street
Subdivision Original
Lot features Corner Lot, Main Street
Standard status Active
Size 3,200 SF
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 3238

Utilities

Water source Public
Listing Agency: BIG C REALTY-M
Listed By: JOANN CARLSON · License #UPAR
Added: Jul 6 Changed: Sep 3 Last Checked: Oct 6 at 6:06PM
MLS# 50213896

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This mixed-use property contains 3,200 square feet on a 0.16-acre corner lot. The street-level commercial area is vacant, while the upper floor includes two apartments, each with two bedrooms and one bathroom. Additional improvements include a basement, storage space, and an attached one-car garage.

The property offers off-street parking and an alley along the rear of the site. Public water serves the building. Its position a few blocks from downtown Munising places the commercial component near the city’s central business area while retaining residential income space above.

Key Highlights

  • 3,200‑square‑foot mixed‑use building on a 0.16‑acre corner lot
  • Vacant street‑level commercial area ready for occupancy
  • Two upper‑level apartments, each with 2 bedrooms and 1 bath

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Hair Salon (Bike/Boat/Book/etc) Store Pharmacy Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

378
Businesses Nearby

Demographics for 49862, MI

4,602
Population
2,462
Households
1.9
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
170.0 sq mi
ZIP Area
27
Density / Sq Mi
$59,575
Median Household Income
$36,643
Median Earnings
$718
Median Rent
$150,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Vacant street-level commercial space accompanies two upper-level residential apartments.
Where is this mixed-use property located?
The property is located at 230 W Superior Street Munising, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 3,200‑square‑foot mixed‑use building on a 0.16‑acre corner lot; Vacant street‑level commercial area ready for occupancy; Two upper‑level apartments, each with 2 bedrooms and 1 bath
More about this property
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