Mixed-Use Property with
117 6th Street, Calumet, MI 49913
For Sale
New
$390,000
COM/IND/BUS OPP, Calumet, MI
Property Size3,080 SF
Lot Size0.14 Acres
Price / SF$126.62
Days on Market3
Property Features for 117 6th Street
General Information
Property type
Property subtype
Subdivision
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
dedicated laundry area
Listing Agency:
RE/MAX DOUGLASS R.E.-H · RE/MAX International
(906) 482-1000
Listed By:
MARK COON · License #6501389277
(906) 281-4197
Added: Nov 4
Last Checked: Nov 6 at 9:06PM
MLS# 50226747
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.
This 3,080-square-foot mixed-use property combines a ground-floor restaurant space with a three-bedroom apartment above. The residence includes a full kitchen, two bathrooms, and a dedicated laundry area. Forced-air heating and central air conditioning serve the property.
Set at 117 6th Street in Calumet, Michigan, the property occupies a 0.14-acre site. The sale is for the real estate; the seller plans to lease the restaurant and living quarters from the buyer. The seller may also consider offers for the business.
Set at 117 6th Street in Calumet, Michigan, the property occupies a 0.14-acre site. The sale is for the real estate; the seller plans to lease the restaurant and living quarters from the buyer. The seller may also consider offers for the business.
Key Highlights
- 3,080‑square‑foot mixed‑use property on a 0.14‑acre site
- Restaurant space on the ground floor
- Upper‑level apartment with 3 bedrooms, full kitchen, 2 bathrooms, and dedicated laundry area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,586
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,720
$591.7K
Cap Rate 7%
$422,657
$422.7K
Cap Rate 9%
$328,733
$328.7K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$48.0K $15.60/SF
− Vacancy
−$8.6K −$2.79/SF
EGI
$39.4K $12.81/SF
− OpEx
−$9.9K −$3.20/SF
NOI
$29.6K $9.61/SF
Area
Houghton County, MI
Vacancy
17.90%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,720
Cap Rate 7%
$422,657
Cap Rate 9%
$328,733
Alternative Uses
Best Use
Specialty Retail
$422.7K
$369.8K – $493.1K
NOI $29,586 @ 7.0% cap · market cap 7.59%
Second Best
Mixed Use
$280.5K
$245.4K – $327.3K
NOI $19,635 @ 7.0% cap · market cap 5.03%
Theoretical Best
Multifamily LT 5
$38.08M
$33.32M – $44.43M
NOI $2,665,857 @ 7.0% cap · market cap 683.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Groceries 30%
Shops & Services 23%
Home Improvements & Furnishings 9%
Pat's Foods
Groceries
10,117 visits/mo
0.4 miles
Burger King
Dining
7,199 visits/mo
0.5 miles
BP
Shops & Services
3,959 visits/mo
0.4 miles
Ace Hardware Of Calumet
Home Improvements & Furnishings
3,233 visits/mo
0.2 miles
SUBWAY
Dining
2,801 visits/mo
0.3 miles
Demographics for 49913, MI
7,218
Population
3,990
Households
1.8
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
75.5 sq mi
ZIP Area
96
Density / Sq Mi
$50,469
Median Household Income
$31,667
Median Earnings
$678
Median Rent
$92,700
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The upper floor contains a three-bedroom apartment with a full kitchen, two bathrooms, and dedicated laundry area.
Where is this mixed-use property located?
The property is located at 117 6th Street Calumet, MI.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 3,080‑square‑foot mixed‑use property on a 0.14‑acre site; Restaurant space on the ground floor; Upper‑level apartment with 3 bedrooms, full kitchen, 2 bathrooms, and dedicated laundry area
