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Property profile & analytics

203 Main St Ishpeming, MI 49849

  • Commercial real estate
  • 12,726 SF
  • 0.09 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-2356588
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

  • Historic Anderson Building / Historical Landmark

Property Details for 203 Main St

Year built
1888
Lot size
0.09 lot acres
Property size
12,726 SF
Zone code
CBD
Property type
Commercial real estate
APN
52-51-050-040-00
APU
525105004000

Description

This stunning 12,915 square foot Jacobsville Sandstone building, located at 203 S Main in downtown Ishpeming, Michigan, presents a unique redevelopment opportunity. The historic Anderson Block building boasts an array of original features, including exquisite woodwork, hardwood floors, intricate moldings, period doors and hardware, and a magnificent custom ceiling and staircase. A highlight is the third-floor ballroom, adding to the building's character and potential. Significant recent improvements include a new roof and a state-of-the-art fire suppression system, along with an extensive interior cleanup. To facilitate a smooth transition, pre-existing architectural plans are available for purchase, encompassing both retail and residential space options. These plans offer a solid foundation for future development. The property also includes an additional lot, providing ample parking. The building's prime downtown location and rich history make it an ideal candidate for adaptive reuse, potentially transforming the Ishpeming area. The 0.18-acre lot provides flexibility for various development scenarios. Prior grant opportunities existed for renovations, offering potential avenues for future funding. Priced at $199,500, this is a chance to acquire a piece of Ishpeming's history and shape its future. Detailed plans and further information are available upon request.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Ishpeming
County
Marquette
State
Michigan
Longitude
-87.6685
Latitude
46.4892
CBSA code
32100
CBSA name
MARQUETTE, MI MICROPOLITAN STATISTICAL AREA

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
$2,742
$0.00
$0.00
$56,850
-
$0.00
$0.00
$113,700
More about this property
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