102 Main St Lanse, MI 49946-1102

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.