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Apartment Building with Multiple Wings
For Sale
$450,000

530 Mitchell Street, Gwinn, MI 49841

MULTIFAMILY, 1 Story, Gwinn, MI

Property Size38,997 SF
Lot Size19.38 Acres
Price / SF$11.54
Days on Market148

Property Features for 530 Mitchell Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 12
Bathrooms 9
Full bathrooms 8
Half bathrooms 1
Rooms Bedroom 7, Bedroom 12, Bathroom 7, Bedroom 10, Bathroom 9, Bathroom 1, Bedroom 8, Bedroom 6, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 11, Bedroom 3, Bathroom 5, Bathroom 8, Bathroom 2, Bedroom 2, Bedroom 9, Bathroom 6, Bathroom 4, Bedroom 1
Parking features Covered
Lot features Deep Lot - 150+ Ft., Large Lot - 65+ Ft.
Elementary school district Gwinn Area Community Schools
Middle school district Gwinn Area Community Schools
High school district Gwinn Area Community Schools
Subdivision Forsyth Twp (52009)
Standard status Active
Size 38,997 SF
Lot size 19.38 Acres

Utilities

Water source Public

Building Details

Year built 1960
Floors in Building 1
Number of units 6
Architectural style Other
Listing Agency: COLDWELL BANKER SCHMIDT REALTORS
Listed By: DYLAN WILLEY · License #6501429957
Added: May 12 Changed: Sep 29 Last Checked: Oct 6 at 12:06PM
MLS# 50208065

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.

This 38,997-square-foot multifamily property was built in 1960 and occupies 19.38 acres in Gwinn. The partially remodeled building is arranged across three wings, with Wing A containing five configured living spaces and an attached garage. The current mix includes a two-bedroom, two-bath unit with an en suite bathroom, another two-bedroom unit with in-unit laundry, a second two-bedroom unit, a studio, and a four-bedroom layout with one and a half bathrooms.

Wing B includes a gymnasium, four former classrooms, a studio, and a guest area with two bedrooms, a bunk room, and a bathroom. Wing C provides garage space, substantial storage areas, and group meeting rooms. Public water serves the property, and covered parking is available. The building is located at 530 Mitchell Street in Gwinn, Marquette County, Michigan.

Key Highlights

  • 19.38‑acre parcel with a 38,997‑square‑foot building
  • Wing A is configured with five living spaces and an attached garage
  • Current layouts include studio, two‑bedroom, four‑bedroom, and guest‑area configurations

Property Analytics

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Current Use

First Nations, LLC High School

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Pharmacy Grocery & Convenience Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

49
Businesses Nearby

Demographics for 49841, MI

7,193
Population
3,847
Households
1.9
Avg Household Size
41
Median Age
24%
College-Educated
96%
High-School Grad
227.6 sq mi
ZIP Area
32
Density / Sq Mi
$61,337
Median Household Income
$34,437
Median Earnings
$731
Median Rent
$150,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Partially remodeled multifamily property with five configured living spaces, covered parking, and additional areas for storage or redevelopment.
Where is this apartment building located?
The property is located at 530 Mitchell Street Gwinn, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 19.38‑acre parcel with a 38,997‑square‑foot building; Wing A is configured with five living spaces and an attached garage; Current layouts include studio, two‑bedroom, four‑bedroom, and guest‑area configurations
More about this property
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