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    513 Scott St Calumet, MI 49913

    Sponsored
    For Sale
    $45,000

    Prime Redevelopment Opportunity in Downtown Calumet

    Property size:
    4,218 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 4,218 square foot industrial building presents a unique redevelopment opportunity in the heart of historic downtown Calumet, Michigan. Situated on a 0.06-acre lot, this property enjoys a high-traffic location, ideal for a variety of commercial ventures. The building currently offers a blank canvas for creative vision, having been prepped for conversion into two commercial units and three residential apartments. Detailed architectural drawings and floor plans are readily available to prospective buyers, providing a clear roadmap for the redevelopment process. A significant advantage is the newer membrane roof, eliminating the immediate need for costly roof repairs. The building's footprint occupies the entire site, offering maximum utilization of the land. Please note that an attached garage is not included in this sale. This is a rare chance to acquire a substantial property in a vibrant downtown area with significant potential for both commercial and residential income generation. The building's history and location combine to create a compelling investment opportunity for those seeking a high-impact project in a desirable Michigan community. Serious inquiries are encouraged to review the available architectural plans and explore the possibilities this property offers. The asking price is $45,000.

    Property Features for 513 Scott St

    General Information

    Property type
    Industrial properties
    Square Feet
    4,218 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1900
    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
    Calumet
    County
    Houghton
    State
    Michigan
    Longitude
    -88.45354
    Latitude
    47.24458

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    FAQs

    What type of property is this?
    Industrial property - Prime Redevelopment Opportunity in Downtown Calumet
    Where is this industrial property located?
    The property is located at 513 Scott St Calumet, MI.
    What is the asking price?
    The asking price for this property is $45,000.
    (906) 337-2100
    Request Owner's contact information
    513 Scott St Calumet, MI 49913
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    Calumet, 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
    513 Scott St Calumet, MI 49913
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