10-Unit Apartment
For Sale
$640,000
42280 Willson Memorial Drive, Chassell, MI 49916
Commercial Sale, Chassell, MI
Property Size8,184 SF
Lot Size1.03 Acres
Price / SF$78.20
Days on Market98
Property Features for 42280 Willson Memorial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
13
Bathrooms
11
Full bathrooms
11
Rooms
Bathroom 8, Bathroom 10, Bathroom 1, Bedroom 1, Bedroom 13, Bedroom 4, Bedroom 2, Bedroom 12, Bathroom 2, Bedroom 10, Bedroom 5, Bedroom 8, Bathroom 3, Bedroom 11, Bedroom 3, Bathroom 9, Bedroom 6, Bathroom 11, Bathroom 6, Bathroom 7, Bathroom 5, Bedroom 7, Bathroom 4, Bedroom 9
High school district
000000
Standard status
Active
Size
8,184 SF
Lot size
1.03 Acres
Amenities
coin laundry
tenant-controlled HVAC
wheelchair accessible
Listing Agency:
Great Lakes & Land Real Estate
(906) 228-9312
Listed By:
Timothy Keohane
(906) 228-9312
Added: May 27
Changed: Sep 1
Last Checked: Sep 1 at 11:06AM
MLS# 11793137
Copyright © 2026 My State MLS. 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 on approximately 1.03 acres with 8,184 square feet of living space. The unit mix includes studios, one-bedroom apartments, and two-bedroom apartments. Originally built in 1950 and converted from motel use to apartments during 2010-2011, the property has updated interiors, Energy Star appliances, modernized mechanical systems, tenant-controlled HVAC, coin laundry, extensive parking, and a sprinkler system. One unit is wheelchair accessible, and the property is smoke-free. Renovation work included insulation, drywall, flooring, windows, roofing, boiler systems, soffits, and fascia.
The property is located directly on US-41 in Chassell, adjacent to Chassell Centennial Park, with views toward Pike Bay and Portage Lake. Houghton and Michigan Technological University are approximately 7.6 miles away. The surrounding Keweenaw Peninsula supports year-round outdoor recreation, including boating, kayaking, fishing, hiking, biking, skiing, snowmobiling, and ice fishing.
The property is located directly on US-41 in Chassell, adjacent to Chassell Centennial Park, with views toward Pike Bay and Portage Lake. Houghton and Michigan Technological University are approximately 7.6 miles away. The surrounding Keweenaw Peninsula supports year-round outdoor recreation, including boating, kayaking, fishing, hiking, biking, skiing, snowmobiling, and ice fishing.
Key Highlights
- 10‑unit apartment property with studio, one‑bedroom, and two‑bedroom layouts
- Approximately 8,184 square feet on approximately 1.03 acres
- Converted from motel use to apartments during 2010‑2011
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Yes
Sprinkler system
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 - Multifamily property with mixed unit sizes, updated interiors, tenant-controlled HVAC, coin laundry, and extensive parking.
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 apartment property with studio, one‑bedroom, and two‑bedroom layouts; Approximately 8,184 square feet on approximately 1.03 acres; Converted from motel use to apartments during 2010‑2011
