Renovated 10-Unit Apartment
For Sale
$640,000
42280 Willson Memorial Drive, Chassell, MI 49916
Renovated multifamily property with mixed unit types, tenant-controlled HVAC, and coin laundry.
Property Size8,184 SF
Lot Size1.03 Acres
Price / SF$78.20
Days on Market98
Property Features for 42280 Willson Memorial Drive
General Information
Standard status
Active
Size
8,184 SF
Lot size
1.03 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Sprinkler System
Yes
Multifamily Units
10
Amenities
coin laundry
smoke-free environment
wheelchair accessible unit
tenant-controlled HVAC
energy star appliances
Lot Size Acres: 1.03
Percentage of Tax that is Deductable: 0
Sale, Sale Type: Foreclosure
13 Bedrooms
Above Area Square Feet: 8184
11 Full Baths
Building Details
Year Built
1950
Year Renovated
2011
Listing Agency:
Great Lakes & Land Real Estate
(906) 228-9312
Listed By:
Timothy Keohane
(906) 228-9312
Source:
Doyle-realty
Added: May 27
Changed: Aug 30
Last Checked: Aug 31 at 3:00PM
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 Great Lakes & Land Real Estate
Investment Insights
Based on property information with market context.
Chippewa Apartments is a 10-unit multifamily property on approximately 1.03 acres, offering approximately 8,184 square feet of living space. The building was constructed in 1950 and converted from a motel to apartments between 2010 and 2011. Unit configurations include studios, one-bedroom apartments, and two-bedroom apartments. Improvements include updated interiors, Energy Star appliances, modernized mechanical systems, tenant-controlled HVAC, coin laundry, a sprinkler system, extensive parking, and one wheelchair-accessible unit. The property is smoke-free.
Located at 42280 Willson Memorial Drive in Chassell, the property fronts US-41 and is 7.6 miles from Houghton, home to Michigan Technological University. It is adjacent to Chassell Centennial Park, with views toward Pike Bay and Portage Lake. Nearby recreational amenities include hiking, biking, snowmobiling, skiing, boating, kayaking, fishing, and access to regional trail systems. Renovation work included insulation, drywall, flooring, windows, roofing, boiler systems, soffits, and fascia.
Located at 42280 Willson Memorial Drive in Chassell, the property fronts US-41 and is 7.6 miles from Houghton, home to Michigan Technological University. It is adjacent to Chassell Centennial Park, with views toward Pike Bay and Portage Lake. Nearby recreational amenities include hiking, biking, snowmobiling, skiing, boating, kayaking, fishing, and access to regional trail systems. Renovation work included insulation, drywall, flooring, windows, roofing, boiler systems, soffits, and fascia.
Key Highlights
- 10‑unit multifamily property with studio, one‑bedroom, and two‑bedroom apartments
- Approximately 8,184 square feet on approximately 1.03 acres
- Converted from a motel to apartments between 2010‑2011
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 49916, MI
2,855
Population
1,788
Households
1.6
Avg Household Size
43
Median Age
39%
College-Educated
99%
High-School Grad
109.7 sq mi
ZIP Area
26
Density / Sq Mi
$77,000
Median Household Income
$39,591
Median Earnings
$770
Median Rent
$190,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated multifamily property with mixed unit types, tenant-controlled HVAC, and coin laundry.
Where is this apartment building located?
The property is located at 42280 Willson Memorial Drive Chassell, MI.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 10‑unit multifamily property with studio, one‑bedroom, and two‑bedroom apartments; Approximately 8,184 square feet on approximately 1.03 acres; Converted from a motel to apartments between 2010‑2011
