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Six-Unit Apartment Building with Commercial Space
New
For Sale
$229,900

137 LAKE LINDEN AVENUE, Laurium, MI 49913

MULTI_FAMILY - LAURIUM, MI

Property Size3,776 SF
Price / SF$60.88
Days on Market2

Property Features for 137 LAKE LINDEN AVENUE

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Bedrooms 6
Bathrooms 6
Full bathrooms 5
Half bathrooms 1
Rooms Bedroom 5, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 2, Bedroom 3
Subdivision Lake Linden Ave
Standard status Active
Size 3,776 SF

Amenities

on-site laundry room

Building Details

Year built 1900
Listing Agency: Marquette · Coldwell Banker Real Estate
Listed By: Craig Heinonen · License #UPAR
Added: Aug 13 Last Checked: Aug 14 at 4:06PM
MLS# 50215790

Copyright © 2026 Coldwell Banker Schmidt 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 3,776-square-foot apartment building, constructed in 1900, combines residential units with a commercial component. The residential portion includes five apartments: four one-bedroom, one-bath units and one two-bedroom unit. An on-site laundry room serves the residential component and adds a shared amenity for occupants.

The property is located at 137 Lake Linden Avenue in Laurium, Michigan, on a busy street with visibility for commercial activity. Its six-unit configuration brings together apartment accommodation and business-oriented space within one building, offering a flexible multifamily property format.

Key Highlights

  • 3,776‑square‑foot building constructed in 1900
  • Five apartments: four 1‑bedroom/1‑bath units and one 2‑bedroom unit
  • Six‑unit configuration with a commercial component

Property Analytics

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

Location Intelligence

Trade Area within ½ mile

127
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with five apartments, an additional commercial component, and an on-site laundry room.
Where is this apartment building 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: 3,776‑square‑foot building constructed in 1900; Five apartments: four 1‑bedroom/1‑bath units and one 2‑bedroom unit; Six‑unit configuration with a commercial component
More about this property
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