Property profile

1120 Country Ln Ishpeming, MI 49849

OFF-MARKET
Industrial properties
11,170 SF 0.8 ac lot Built 1998
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Property summary

AI-generated overview

This expansive 11,170 square foot commercial building presents a unique investment opportunity in Ishpeming, MI's vibrant Country Village Business District. Strategically located next to Ace Hardware and Shopko, this property enjoys high visibility and convenient access to a multitude of amenities. Within easy walking distance are hotels, restaurants, a Shell gas station, and other thriving businesses, ensuring a steady flow of potential customers. Originally a movie theater, the building's adaptable layout offers significant potential for a variety of commercial ventures. Imagine transforming this space into a bustling retail center, modern office complex, or a dynamic blend of both. The existing second-story office space provides a ready-made solution for immediate occupancy, while the large ground floor offers ample room for customization. A substantial parking lot ensures convenient parking for employees and customers alike. The property sits on a 0.8-acre lot, providing ample space for expansion or outdoor amenities. This is a rare chance to acquire a well-positioned, versatile commercial property in a thriving business district. The asking price is $399,900. Don't miss this exceptional opportunity to establish your business in a prime location.

Property profile

Verified
Property type Industrial properties
Year built 1998
Total area 11,170 SF
Lot 0.8 ac (34,848 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Campground & RV Park

Location

1120 Country Ln Ishpeming, MI 49849
Ishpeming metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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