10-Unit Apartment Building on
For Sale
$640,000
42280 Willson Memorial Drive, Chassell, MI 49916
COM/IND/BUS OPP, Chassell, MI
Property Size8,184 SF
Lot Size1.03 Acres
Price / SF$78.20
Days on Market92
Property Features for 42280 Willson Memorial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Parking features
Parking Lot
Lot features
Main Street
Subdivision
Chassell Twp (31005)
Standard status
Active
Size
8,184 SF
Lot size
1.03 Acres
Utilities
Heating system
Baseboard
Cooling system
Wall/Window Unit(s)
Water source
Public
Amenities
coin laundry
Building Details
Year built
1950
Roof type
Asphalt
Listing Agency:
GREAT LAKES & LAND OF MARQUETTE, INC.
(906) 228-9312
Listed By:
TIM KEOHANE · License #UPAR
(906) 228-9312
Added: May 27
Changed: Aug 19
Last Checked: Aug 26 at 1:06AM
MLS# 50209111
Copyright © 2026 Upper Peninsula Association of 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.
Chippewa Apartments is a 10-unit multifamily property originally constructed in 1950 and converted from a motel into apartment units between 2010 and 2011. The mix of unit types includes studio, one-bedroom, and two-bedroom layouts, and the property features updated interiors and energy star appliances, along with modernized mechanical systems and tenant-controlled HVAC. A coin laundry facility is available on-site, and one unit is wheelchair accessible. Renovations referenced include updated insulation, drywall, flooring, windows, roofing, boiler systems, and exterior components such as soffits and fascia. The property operates as smoke-free and includes a sprinkler system.
The building is located directly on US-41 in Chassell, Michigan, and sits adjacent to Chassell Centennial Park with views toward Pike Bay and Portage Lake. Extensive parking is part of the site improvements.
The property is set on approximately 1.03 acres and contains approximately 8,184 square feet of living space. A stabilized rental asset, it provides an established apartment layout with renovation history and year-round amenities tied to the surrounding recreational area.
The building is located directly on US-41 in Chassell, Michigan, and sits adjacent to Chassell Centennial Park with views toward Pike Bay and Portage Lake. Extensive parking is part of the site improvements.
The property is set on approximately 1.03 acres and contains approximately 8,184 square feet of living space. A stabilized rental asset, it provides an established apartment layout with renovation history and year-round amenities tied to the surrounding recreational area.
Key Highlights
- Stabilized 10‑unit multifamily property with income potential.
- Prime location on US‑41, close to Houghton and Michigan Technological University.
- Extensive renovations (2010‑2011) including updated interiors, energy star appliances, and modernized mechanical systems.
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 10-unit apartment building with studio through two-bedroom units, updated interiors, parking, coin laundry, and sprinkler system.
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: Stabilized 10‑unit multifamily property with income potential.; Prime location on US‑41, close to Houghton and Michigan Technological University.; Extensive renovations (2010‑2011) including updated interiors, energy star appliances, and modernized mechanical systems.
