Downtown Ishpeming Mixed-Use
For Sale
Contact for pricing
200 E Division St, Ishpeming, MI 49849
Commercial/residential building with storefronts and apartments in downtown Ishpeming.
Property Size9,486 SF
Price / SF$52.70
Days on Market207
Property Features for 200 E Division St
General Information
Standard status
Active
Size
9,486 SF
Class
C
Property subtype
Office, Retail, Multifamily
Zoning
Commercial Business District
Occupancy
100%
Building Details
Year Built
1900
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX 1st Realty
(906) 225-1136
Listed By:
Fran Sevegney · License #6502420591
Source:
Crexi
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 21 at 4:05AM
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 RE/MAX 1st Realty
Investment Insights
Based on property information with market context.
This large commercial and residential building in Downtown Ishpeming presents a significant investment opportunity. The property includes three occupied storefronts, currently home to Rare Earth Goods, Apiary Life Studio, and Bats Amore Used Books. Secondary entrances at the front and rear of the building provide access to a common area with four spacious one-bedroom, one-bathroom rental units, as well as two "dorm style" spaces that share a private bathroom, offering remodel potential for a fifth, larger apartment. A tenant-accessible wooden balcony provides outdoor space. The one-bedroom units feature front entries with hallway closets, formal dining areas, living rooms, bedrooms, full bathrooms, and kitchens. Some units include new appliances such as a new fridge and oven. Updates include a new high-efficiency boiler and developmental construction to the basement. The previous owner replaced the windows, and rooftop solar panels contribute over half of the building's electricity needs. While there is no on-site parking, ample street parking and nearby city lots are available for tenant parking during the winter. All units except the "dorm style" rooms are currently occupied. The property size is 9486 square feet.
Key Highlights
- High‑efficiency boiler and rooftop solar panels provide significant energy savings, covering over half of the building's electricity needs.
- Fully occupied commercial storefronts (Rare Earth Goods, Apiary Life Studio, Bats Amore Used Books) provide immediate rental income.
- Four spacious, currently occupied, 1‑bedroom, 1‑bathroom rental units offer steady residential income.
Property Analytics
Property Profile
Current Use
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 49849, MI
11,819
Population
5,915
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
95%
High-School Grad
241.4 sq mi
ZIP Area
49
Density / Sq Mi
$63,425
Median Household Income
$35,081
Median Earnings
$769
Median Rent
$145,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial/residential building with storefronts and apartments in downtown Ishpeming.
Where is this mixed-use property located?
The property is located at 200 E Division St Ishpeming, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: High‑efficiency boiler and rooftop solar panels provide significant energy savings, covering over half of the building's electricity needs.; Fully occupied commercial storefronts (Rare Earth Goods, Apiary Life Studio, Bats Amore Used Books) provide immediate rental income.; Four spacious, currently occupied, 1‑bedroom, 1‑bathroom rental units offer steady residential income.
