200 E Division St Ishpeming, MI 49849

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.