Mixed-Use Building with
For Sale
$385,000
121/123 E Division Street, Ishpeming, MI 49841
COM/IND/BUS OPP, Ishpeming, MI
Property Size7,000 SF
Lot Size0.08 Acres
Price / SF$55
Days on Market29
Property Features for 121/123 E Division Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Parking features
Offsite
Lot features
Corner Lot, Main Street
Subdivision
Ishpeming (52013)
Standard status
Active
Size
7,000 SF
Lot size
0.08 Acres
Additional Details
Mixed-Use Components
retail, residential
Utilities
Heating system
Steam
Cooling system
Window Unit(s), Ceiling Fan(s)
Water source
Public
Building Details
Year built
1900
Roof type
Rubber
Buildings
1
Listing Agency:
RE/MAX 1ST REALTY · RE/MAX International
(906) 225-1136
Listed By:
KRISTINE GOUPILLE
(906) 250-7344
Added: Sep 30
Changed: Oct 27
Last Checked: Oct 28 at 10:06PM
MLS# 50223475
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 7,000-square-foot mixed-use property at 121/123 E Division Street in Ishpeming combines three vacant commercial storefronts with four apartments. One apartment is vacant and requires new flooring. A full, dry basement provides additional space for storage or workshop use, and the building dates to 1900. Heating is by steam; cooling includes window units and ceiling fans. The property has a rubber roof and public water service.
The 0.08-acre parcel has no on-site parking. Public parking lots are located nearby. The property is zoned Commercial.
The 0.08-acre parcel has no on-site parking. Public parking lots are located nearby. The property is zoned Commercial.
Key Highlights
- 7,000‑square‑foot mixed‑use building on a 0.08‑acre lot
- Three vacant commercial storefronts with street‑facing display windows
- Four apartments upstairs; one vacant unit is awaiting new flooring
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
3k
Monthly Visits Nearby
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 49841, MI
7,193
Population
3,847
Households
1.9
Avg Household Size
41
Median Age
24%
College-Educated
96%
High-School Grad
227.6 sq mi
ZIP Area
32
Density / Sq Mi
$61,337
Median Household Income
$34,437
Median Earnings
$731
Median Rent
$150,000
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 - Three ground-floor retail spaces sit beneath four apartments, with additional storage and work space in the basement.
Where is this mixed-use property located?
The property is located at 121/123 E Division Street Ishpeming, MI.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 7,000‑square‑foot mixed‑use building on a 0.08‑acre lot; Three vacant commercial storefronts with street‑facing display windows; Four apartments upstairs; one vacant unit is awaiting new flooring
