Listing Agency: RE/MAX 1ST REALTY c***@remaxmarquette.com

Listed By: DAWN FLORIO · License #6506048630 Show Phone

Source: Exprealty

Added: Apr 5, 2024 Changed: Oct 16 Last Checked: Oct 16 at 12:45PM

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Investment Insights

Based on property information with market context.

This 1,267-square-foot storefront retail space is arranged in multiple interior sections, giving an occupant distinct areas for organizing business functions. The property is offered for lease and includes frontage along Main Street.

Located in Downtown Ishpeming at 109 S Main Street, the space sits near Velodrome Coffee and within the downtown business setting. Utility arrangements are negotiable based on the operation occupying the premises.

Key Highlights

• 1,267 square feet of storefront retail space
• Main Street frontage in Downtown Ishpeming
• Interior divided into multiple sections

Property Analytics

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Current Use

Storefront properties

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

NNN (Triple Net)

Lease Type

$2.13 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

315

Businesses Nearby

3k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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

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?

Storefront property - Main Street frontage and a multi-section interior support flexible commercial layouts.

Where is this storefront property located?

The property is located at 109 S Main Street Ishpeming, MI.

What is the lease rate?

The lease rate is $1,500/Mo.

What are key features of this property?

This property features: 1,267 square feet of storefront retail space; Main Street frontage in Downtown Ishpeming; Interior divided into multiple sections