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Property profile & analytics
OFF-MARKET
Commercial real estate

106 Canda St Ishpeming, MI 49849-1919

2,942 SF 0.12 ac lot Built 2021
Individually Owned 16-yr Hold Free & Clear
Property ID
US43-2442350
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2021
Total area 2,942 SF
Lot 0.12 ac (5,079 SF)
Zoning code CBD
APN 52-51-102-003-00
UPID US43-2442350
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Patricia A Blewett · 16 yrs held
Patricia A Blewett
since 2009
1 recorded transaction
2009
Price N/A
Zoning & alternative use
CBD · Ishpeming, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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