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Downtown Mixed-Use Building
For Sale
$75,000

120 North St, Morenci, MI 49256

Commercial building with a two-bedroom apartment, full basement, and flexible space for business or office use.

Property Size2,510 SF
Price / SF$29.88
Days on Market11

Property Features for 120 North St

General Information

Standard status Active
Size 2,510 SF
Property subtype Commercial

Amenities

2-bedroom apartment
full basement

Building Details

Year Built 1912
Buildings 1
Listing Agency: Gil Henry & Associates
Listed By: Bradley Frederick · License #6506038381
Source: Metrodetroithomeguide
Added: Sep 15 Changed: Sep 22 Last Checked: Sep 24 at 10:33AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gil Henry & Associates

Investment Insights

Based on property information with market context.

Built in 1912, this downtown mixed-use property contains approximately 2510 sq. ft. of space, a two-bedroom apartment, and a full basement. The configuration supports a combination of commercial and residential use, with the property previously serving as the home of the Morenci Observer.

Located at 120 North St in Morenci, the building places commercial space and an apartment within the downtown area. The Morenci Observer operated from the property and had community roots dating to 1872, adding a documented historical connection to the building. The layout may accommodate an owner-occupied business, office, retail operation, investment property, or other uses identified by the next owner.

Key Highlights

  • Approximately 2510 sq. ft. of mixed‑use space
  • Two‑bedroom apartment included
  • Full basement

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

162
Businesses Nearby
6k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 87% Dining 13%
Marathon Petroleum Shops & Services
3,760 visits/mo 0.4 miles
Sunoco Shops & Services
1,489 visits/mo 0.0 miles
SUBWAY Dining
818 visits/mo 0.0 miles

Demographics for 49256, MI

3,909
Population
1,608
Households
2.4
Avg Household Size
40
Median Age
12%
College-Educated
88%
High-School Grad
60.5 sq mi
ZIP Area
65
Density / Sq Mi
$60,982
Median Household Income
$32,056
Median Earnings
$778
Median Rent
$112,800
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Commercial building with a two-bedroom apartment, full basement, and flexible space for business or office use.
Where is this mixed-use property located?
The property is located at 120 North St Morenci, MI.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Approximately 2510 sq. ft. of mixed‑use space; Two‑bedroom apartment included; Full basement
More about this property
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