Property summary
This 1,447 square foot retail building, situated on a 2.27-acre lot with 318 feet of US Highway 41 frontage in Michigamme, Michigan, presents a unique investment opportunity. Built in 1942, this two-story structure is currently vacant and sold "as-is," requiring significant renovation. Previously operating as "The Trading Post," the property is zoned for single-family residential use, offering potential for conversion. Its location provides convenient access to Lakes Ruth, George, and Beaufort, and proximity to ORV and snowmobile trails (Trail 8). The asking price is $59,900. Note that the property will not qualify for federally underwritten loans
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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