106 Canda St Ishpeming, MI 49849-1919
This 7,292 square foot industrial building, situated on a 0.12-acre lot in Ishpeming, Michigan, presents a unique investment opportunity. Currently configured as a self-storage facility on the main floor, it boasts durable terrazzo flooring and two convenient loading docks for efficient operations. Security is enhanced by a recently updated camera system, and access is controlled via a door code system on the front entrance. The roof is a newer rubber roof, ensuring long-term durability and reduced maintenance costs. The upper level, a former community hall, offers expansive high ceilings and open space, presenting a multitude of redevelopment possibilities. This area, which includes a kitchen, has been unused for several decades and could be transformed into a rental space, apartments, or any other suitable use. The building's versatility makes it ideal for a variety of commercial ventures. Furthermore, this property may be eligible for grants, making it an even more attractive investment for prospective buyers. This is a chance to acquire a substantial property with significant upside potential and create a thriving business. The building is ready for its next chapter, waiting for an investor to realize its full potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
CBD · Ishpeming, MIIshpeming. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.