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Two-Story Mixed-Use Property
New
For Sale
$1,999,000

327 State Street, Harbor Springs, MI 49740

B1 zoning accompanies commercial space and leased apartments in downtown Harbor Springs.

Property Size3,000 SF
Price / SF$666.33
Days on Market4

Property Features for 327 State Street

General Information

Standard status Active
Size 3,000 SF
Property subtype Commercial
Zoning B1
Occupancy 100%

Additional Details

Mixed-Use Components commercial, residential
Multifamily Units 2
Tenant in Place Yes

Building Details

Building Size 3,000 SF
Buildings 1
Tenancy Multi
Listing Agency: Gaslight Group Properties
Listed By: Pete Platte
Source: Jackvantreese
Added: Oct 22 Changed: Oct 24 Last Checked: Oct 24 at 2:51PM

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 Gaslight Group Properties

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Investment Insights

Based on property information with market context.

This two-level property combines street-facing commercial occupancy with two apartments upstairs. Two commercial tenants occupy the ground floor, and both residential units on the second floor are leased. The building is in downtown Harbor Springs, Michigan, and is zoned B1.

Key Highlights

  • Two commercial tenants occupy the street level
  • Two leased apartments are located on the second floor
  • B1 zoning

Property Analytics

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Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Pharmacy Auto Repair Shop Furniture & Home Goods Hair Salon Nail Salon Garden Center

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

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

383
Businesses Nearby
4k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Family Dollar Shops & Services
4,418 visits/mo 0.4 miles

Demographics for 49740, MI

7,511
Population
6,057
Households
1.2
Avg Household Size
55
Median Age
46%
College-Educated
97%
High-School Grad
124.9 sq mi
ZIP Area
60
Density / Sq Mi
$85,230
Median Household Income
$38,820
Median Earnings
$997
Median Rent
$332,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - B1 zoning accompanies commercial space and leased apartments in downtown Harbor Springs.
Where is this mixed-use property located?
The property is located at 327 State Street Harbor Springs, MI.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Two commercial tenants occupy the street level; Two leased apartments are located on the second floor; B1 zoning
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