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Property profile & analytics

102 Main St Lanse, MI 49946-1102

  • Commercial real estate
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-3266659
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

  • VILLAGE 104 / Home Goods Store
  • The Village Gift Store / Gift Shop / Art Cafe

Property Details for 102 Main St

Property type
Commercial real estate
APN
044-503-014-50
APU
4450301450

Description

This exceptional offering encompasses two adjacent commercial buildings totaling 9,928 square feet on a 6,335 sq ft lot in L'Anse, Michigan (APN: 07-044-503-014-00/044-503-014-50). The property includes two buildings constructed in 1853 and 1912, extensively renovated in 2021, featuring six units and permitted for commercial use. The main building houses "The Village Gift Shop," a thriving retail establishment with a coffee/smoothie bar and community lending library, boasting a unique business model documented by Ferris State University. This 2,576 sq ft space includes a spacious basement with egress windows and a second floor with three 2-bedroom apartments offering lake views. The second building, "Cafe L'Anse," is a 1,050 sq ft cafe with a full commercial kitchen (including a class one hood and Ansul fire suppression system), basement storage, and a second-floor 3-bedroom apartment. Cafe L'Anse also operates on a unique shared business model, generating multiple revenue streams. Both businesses benefit from a shared customer base and prime downtown location near Keweenaw Bay. The asking price for both businesses and buildings is $599,000, with all inventory, shelving, and equipment included. Significant growth potential exists through increased apartment rental income and basement conversion. The properties are offered as a package deal, presenting a rare opportunity for a savvy investor to acquire established, profitable businesses in a desirable location. No outstanding debts or liabilities.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Lanse
County
Baraga
State
Michigan
Longitude
-88.4539
Latitude
46.7586

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
2023
$2,892
$0.00
$0.00
$51,428
-
$0.00
$0.00
$102,856
More about this property
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