Individually Owned Property summary
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.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- APN
- 044-503-014-50
- Assessed value · 2023
- $51,428
- Annual tax · 2023
- $2,892
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
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.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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