Property profile

536 Mather Ave Ishpeming, MI 49849

FOR SALE
Commercial real estate
Property ID
US43-2132495
7,738 SF 0.42 ac lot
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 7,650 square foot commercial building, located at 536 Mather in Ishpeming, Michigan, presents a unique investment opportunity. Situated on a 0.36-acre lot, the property boasts ample parking and attractive landscaping. The building's interior is thoughtfully divided into numerous private spaces, providing flexibility for a variety of uses. Multiple bathrooms are conveniently located throughout. Currently, the building enjoys 43% occupancy with existing active leases in place, offering immediate income potential. The property's history includes a previous use as the Williams Medical Clinic, suggesting a strong foundation and potential for medical or related businesses. The building's size and layout offer significant potential for expansion or adaptation to suit a wide range of commercial needs. A confidentiality agreement is required before access to financial and lease agreements will be granted. This is an excellent opportunity to acquire a well-maintained, strategically located industrial property in a desirable Michigan market. Serious inquiries only. Contact us today to schedule a showing and learn more about this promising investment.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 7,738 SF
Lot 0.42 ac (18,314 SF)
Zoning code GC
APN 52-51-330-003-00
UPID US43-2132495

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Production Facility
  • Industrial Manufacturer Production Facility

Location

536 Mather Ave Ishpeming, MI 49849
Ishpeming metro Census 1800 MARQUETTE, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2010
1 recorded transaction
2010
$159,000

Zoning & alternative use

GC · Ishpeming, MI
Zoning description

14.0 SECTION 14.0: (GC) GENERAL COMMERCIAL DISTRICT 14.1 Intent: To establish and preserve a general commercial business district containing uses which include the retail sale or combination retail/wholesale of commoditi…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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