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Two-Space Mixed-Use Building
For Sale
$294,900

105/109 S Main Street, Ishpeming, MI 49849

COM/IND/BUS OPP, Ishpeming, MI

Property Size10,158 SF
Lot Size0.17 Acres
Price / SF$29.03
Days on Market454

Property Features for 105/109 S Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Commercial
Zoning description Commercial
Parking features Parking Lot, Offsite
Lot features Main Street
Subdivision Ishpeming (52013)
Standard status Active
Size 10,158 SF
Lot size 0.17 Acres

Additional Details

Tenant in Place Yes

Utilities

Water source Public

Building Details

Year built 1969
Roof type Flat
Buildings 1
Listing Agency: RE/MAX 1ST REALTY · RE/MAX International
Listed By: DAWN FLORIO
Added: Aug 1, 2025 Changed: Oct 21 Last Checked: Oct 28 at 10:06PM
MLS# 50184129

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.

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Investment Insights

Based on property information with market context.

Built in 1969, this mixed-use property contains two commercial units with a combined 5,392 square feet above ground and 4,766 square feet of dry storage below. The larger space, occupied by Velodrome Coffee Company, has 3,851 square feet arranged with a customer-facing cafe, open work area, preparation space, a man door, and a larger loading door. Its lease runs through the end of 2026.

The adjoining unit measures a little over 1,500 square feet, with a storefront and display area at the front and additional rooms toward the rear. Both units have restrooms. The vacant space has a rear door leading to a public parking lot that owners or renters may use. The property is on S Main Street in downtown Ishpeming, is zoned Commercial, and has public water.

Key Highlights

  • Two commercial spaces with 5,392 square feet above ground
  • 4,766 square feet of below‑ground dry storage
  • Velodrome Coffee Company occupies 3,851 square feet; lease runs through the end of 2026

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Coffee shops

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy HVAC Service Parking Lot & Garage Grocery & Convenience Store

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

315
Businesses Nearby
3k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 92% Home Improvements & Furnishings 8%
Jim's Jubilee Foods Groceries
2,387 visits/mo 0.2 miles
Carpet Specialists Carpet One Floor & Home Home Improvements & Furnishings
209 visits/mo 0.4 miles

Demographics for 49849, MI

11,819
Population
5,915
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
95%
High-School Grad
241.4 sq mi
ZIP Area
49
Density / Sq Mi
$63,425
Median Household Income
$35,081
Median Earnings
$769
Median Rent
$145,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

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

Frequently Asked Questions

What type of property is this?
Mixed-use property - A leased cafe and a separate vacant storefront provide two distinct commercial spaces.
Where is this mixed-use property located?
The property is located at 105/109 S Main Street Ishpeming, MI.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: Two commercial spaces with 5,392 square feet above ground; 4,766 square feet of below‑ground dry storage; Velodrome Coffee Company occupies 3,851 square feet; lease runs through the end of 2026
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