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    Ishpeming, MI
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    Ishpeming, MI Multifamily Properties for Sale

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    Negaunee, MI Palmer, MI Champion, MI
    Downtown Ishpeming Mixed-Use Investment
    $499,900
    9,486 SF

    Downtown Ishpeming Mixed-Use Investment

    200 E Division St, Ishpeming, MI 49849

    Commercial/residential building with storefronts and apartments in downtown Ishpeming.

    • High‑efficiency boiler and rooftop solar panels provide significant energy savings, covering over half of the building's electricity needs.
    • Fully occupied commercial storefronts (Rare Earth Goods, Apiary Life Studio, Bats Amore Used Books) provide immediate rental income.
    • Four spacious, currently occupied, 1‑bedroom, 1‑bathroom rental units offer steady residential income.
    • Downtown Ishpeming location offers high visibility and accessibility for both commercial and residential tenants.
    • Remodel potential exists to convert two "dorm style" spaces into a fifth, larger apartment unit.
    Updated: Jan 26
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    Established Restaurant with Income Potential
    $399,900
    6,160 SF

    Established Restaurant with Income Potential

    220 S Main, Ishpeming, MI 49849

    Restaurant with apartments and retail space for sale.

    • Well‑established restaurant with great income opportunity
    • Includes 4 apartments, providing additional income streams
    • Features one additional retail space
    • Entire facade renovated in 2012 (windows, siding, doors, stonework)
    • Corner lot location
    Updated: Dec 16, 2021
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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Ishpeming, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Negaunee Duplex with Recent Updates
    $239,900
    2,078 SF

    Negaunee Duplex with Recent Updates

    Spacious duplex near downtown Negaunee, updated and ready.

    315 Tobin, Negaunee, MI 49866
    View details
    Versatile Commercial Space in Negaunee
    $200,000
    10,932 SF

    Versatile Commercial Space in Negaunee

    10,932 SF commercial/industrial space in historic downtown Negaunee.

    401 Jackson, Negaunee, MI 49866
    View details
    Luxury Waterfront Condominium Residences
    Contact for pricing
    2,095 SF

    Luxury Waterfront Condominium Residences

    Exclusive condominium development on Lake Superior with modern interiors.

    2401 N Lakeshore Blvd, Marquette, MI 49855
    View details
    Updated Office and Apartment Buildings
    $880,000
    6,048 SF

    Updated Office and Apartment Buildings

    Multi-suite office and four apartment units in Marquette.

    321 N Front St, Marquette, MI 49855
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land Near Henes Park
    Contact for pricing
    0.21 Acres

    Residential Land Near Henes Park

    Vacant city lot ready for building near Henes Park.

    605 46th, Menominee, MI 49858
    View details
    Breathtaking Farmland Development Opportunity
    $2,950,000
    74.20 Acres

    Breathtaking Farmland Development Opportunity

    72 acres of high-elevation farmland with sweeping, multi-directional views.

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682
    View details
    RV Lot in Vista Green Resort
    $62,500
    0.07 Acres

    RV Lot in Vista Green Resort

    Premium RV lot with full hook-ups in resort community.

    Lot 83 Green Acres Drive, South Boardman, MI 49680
    View details
    Vista Green RV Resort Lot
    $62,500
    0.07 Acres

    Vista Green RV Resort Lot

    Premium RV lot in Vista Green Resort with full hookups.

    Lot 83 Green Park Dr, Vista Green RD, South Boardman, MI 49680
    View details

    Ishpeming, MI Multifamily Properties Investment Opportunities Market Analysis

    Explore 2 multifamily properties for sale in Ishpeming, MI on our real estate platform. These investment opportunities span a total of 15,646 square feet of properties for sale, with an estimated market value of $899,800.

    Sale prices for multifamily properties in Ishpeming, MI start at $399,900, averaging $449,900, and reaching up to $499,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Apartment buildings 2

    Demographics Overview

    Population 12K
    Population Growth (5Y) -2.1%
    Median Household Income $63,425
    College Educated 16.6%

    High-Yield Neighborhoods for Strategic Investment

    Identify Ishpeming submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    49849 $449.9K

    Taxes & Financing

    Tax Rate (average for all types) 4.96%
    Property Tax per SF $69.47 per sq ft
    Average Loan-to-Value 65.0%

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