Mixed-Use Building with Retail
For Sale
$399,000
705 1ST ST, Menominee, MI 49858
Building features retail space on the first two floors and five apartments on the second floor, with a vacant third floor.
Property Size15,312 SF
Price / SF$26.06
Days on Market103
Property Features for 705 1ST ST
General Information
Standard status
Active
Size
15,312 SF
Property subtype
General Commercial
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$5,370
Amenities
laundry room
Gas
3
Commercial
0.0 to .499
Building Details
Year Built
1965
Stories
3
Listing Agency:
(906) 863-4484
Listed By:
Broadway Real Estate
(715) 923-1586
Source:
Xome
Added: May 27
Changed: Sep 1
Last Checked: Sep 5 at 3:33AM
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 Broadway Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property offers commercial space on the 1st floor plus residential units on the 2nd floor, with an additional third-floor level available. The 1st floor includes 5,104 sq. ft. The 2nd floor also includes 5,104 sq. ft. and is configured for five apartments: two units with 2 bedrooms and three units with 1 bedroom. Each apartment has its own bath, and a laundry room is available for residents. The 3rd floor contains 5,104 sq. ft. and is currently vacant, providing an opportunity to remodel and potentially convert the space to additional living arrangements.
Located at 705 1st Street in Menominee, the building offers income potential from the existing apartments while also providing flexibility for a new operator on the main commercial level.
Located at 705 1st Street in Menominee, the building offers income potential from the existing apartments while also providing flexibility for a new operator on the main commercial level.
Key Highlights
- Commercial building with retail space on the first two floors and 5 apartments on the second floor
- 1st floor: 5,104 SF retail; 2nd floor: 5,104 SF with five apartments (2 two‑bedroom units and 3 one‑bedroom units)
- 3rd floor: 5,104 SF vacant space for remodeling or conversion to additional living units
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 49858, MI
11,939
Population
6,486
Households
1.8
Avg Household Size
49
Median Age
19%
College-Educated
93%
High-School Grad
86.8 sq mi
ZIP Area
138
Density / Sq Mi
$52,813
Median Household Income
$39,492
Median Earnings
$691
Median Rent
$127,100
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 - Building features retail space on the first two floors and five apartments on the second floor, with a vacant third floor.
Where is this apartment building located?
The property is located at 705 1ST ST Menominee, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Commercial building with retail space on the first two floors and 5 apartments on the second floor; 1st floor: 5,104 SF retail; 2nd floor: 5,104 SF with five apartments (2 two‑bedroom units and 3 one‑bedroom units); 3rd floor: 5,104 SF vacant space for remodeling or conversion to additional living units
