Building Details

Year built 1900

Roof type Shingle

Listing Agency: COLDWELL BANKER SCHMIDT REALTORS Show Phone

Listed By: CRAIG HEINONEN · License #6506047729 Show Phone

Added: Jul 20 Changed: Sep 3 Last Checked: Sep 6 at 2:06AM

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MLS# 50215788

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.

Investment Insights

Based on property information with market context.

This mixed-use property contains 3,772 square feet arranged as six units, combining five apartments with commercial space. The residential portion includes four one-bedroom, one-bath apartments and a two-bedroom apartment, while an on-site laundry room serves the building. Constructed in 1900, the property has hot-water heating, wall or window unit cooling, a shingle roof, public water, and off-street parking.

The building is located at 137 Lake Linden Avenue in Laurium, Michigan, on a 0.28-acre parcel. Commercial zoning and the combination of residential and commercial space support a flexible property profile within the community.

Key Highlights

• Six‑unit mixed‑use property with 3,772 square feet
• Five apartments: four one‑bedroom units and one two‑bedroom unit
• Commercial space included within the six‑unit configuration

Property Analytics

Property Profile

Current Use

People's Choice Hair ... Hair Salon

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage Nail Salon Daycare Center Barber Shop

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

5

Residential units

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

334

Businesses Nearby

Explore this area Business Placement

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed residential and commercial configuration with on-site laundry and off-street parking in Laurium.

Where is this mixed-use property located?

The property is located at 137 Lake Linden Avenue Laurium, MI.

What is the asking price?

The asking price for this property is $229,900.

What are key features of this property?

This property features: Six‑unit mixed‑use property with 3,772 square feet; Five apartments: four one‑bedroom units and one two‑bedroom unit; Commercial space included within the six‑unit configuration