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    101 Hecla St Laurium, MI 49913

    For Sale
    $100,000

    Prime Laurium location, large industrial building, high traffic area.

    Property size:
    5,710 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This 5,710 square foot industrial building sits on a 0.12-acre lot in the bustling village of Laurium, Michigan. Its prime location ensures high visibility and accessibility for any business. The main commercial area measures 41' x 40', featuring a 3вЃ„4" OSB subfloor and a recently installed drop ceiling. The roof, replaced 12 years ago with a durable rubber membrane, effectively channels runoff via two drain pipes at the rear. The building boasts a substantial 200-amp electrical service, ensuring ample power for various operations. Excellent insulation contributes to reduced utility costs. Significant storage space is available on both the main floor and in a 63-foot-long basement. Previously utilized as a grocery store and more recently as storage and a shop, this versatile space offers numerous possibilities. While the building is well-maintained in many aspects, potential buyers should note that it requires a new furnace and water heater. The water has been turned off for approximately 10 years. Property taxes are applicable and subject to change following the sale. This presents a unique opportunity to acquire a reasonably priced commercial property with substantial potential in a desirable location.

    Property Features for 101 Hecla St

    General Information

    Property type
    Industrial properties
    Square Feet
    5,710 SF
    Lot Size
    5,227 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial 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
    -88.44087
    Latitude
    47.24032

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    Nearby Similar for Sale

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      Laurium Commercial Building with Garage

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    • $85,000
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      Laurium Commercial/Business Space Available

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      101 Hecla St, Laurium, MI 49913
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    FAQs

    What type of property is this?
    Industrial property - Prime Laurium location, large industrial building, high traffic area.
    Where is this industrial property located?
    The property is located at 101 Hecla St Laurium, MI.
    What is the asking price?
    The asking price for this property is $100,000.
    (906) 337-2100
    Request Owner's contact information
    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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