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    513 Scott St Calumet, MI 49913

    • Commercial real estate
    • 0.06 lot acres
    For Sale
    View listing
    $45,000
    Value Estimation
    Location Intelligence
    Property ID
    US43-3066653
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 513 Scott St

    Lot size
    0.06 lot acres
    Property type
    Commercial real estate
    APN
    041-109-006-50
    APU
    4110900650

    Description

    This exceptional 4,218 square foot industrial building presents a unique redevelopment opportunity in the heart of historic downtown Calumet, Michigan. Situated on a 0.06-acre lot, this property enjoys a high-traffic location, ideal for a variety of commercial ventures. The building currently offers a blank canvas for creative vision, having been prepped for conversion into two commercial units and three residential apartments. Detailed architectural drawings and floor plans are readily available to prospective buyers, providing a clear roadmap for the redevelopment process. A significant advantage is the newer membrane roof, eliminating the immediate need for costly roof repairs. The building's footprint occupies the entire site, offering maximum utilization of the land. Please note that an attached garage is not included in this sale. This is a rare chance to acquire a substantial property in a vibrant downtown area with significant potential for both commercial and residential income generation. The building's history and location combine to create a compelling investment opportunity for those seeking a high-impact project in a desirable Michigan community. Serious inquiries are encouraged to review the available architectural plans and explore the possibilities this property offers. The asking price is $45,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Calumet
    County
    Houghton
    State
    Michigan
    Longitude
    -88.4536
    Latitude
    47.2446
    CBSA code
    26340
    CBSA name
    HOUGHTON, MI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $0.00
    $0.00
    $17,591
    -
    $0.00
    $0.00
    $35,182

    Comparable in this City

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    513 Scott St
    Calumet, MI 49913
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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