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    FOR SALE
    Commercial real estate

    536 Mather Ave, Ishpeming, MI 49849

    7,738 SF 0.42 ac lot
    Entity Owned 16-yr Hold Free & Clear
    Property ID
    US43-2132495
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Advacare Systems Production Facility
    • JG/Prototype Manufacturing Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Mather Property INC · 16 yrs held
    Mather Property INC
    since 2010
    1 recorded transaction
    2010
    $159,000
    Zoning & alternative use
    GC · Ishpeming, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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