Individually Owned Property summary
This exceptional 3,408 square foot industrial property, located at 403 N 3rd Street in the heart of downtown Ishpeming, Michigan, presents a unique investment opportunity. Situated on a 0.43-acre lot, this building boasts a prime location directly on the Al Quaal Trail, a section of the Heritage Trail system. Its central downtown location offers high visibility and accessibility for a wide range of businesses. The expansive interior space is ideal for a variety of uses, including studios, art… galleries, specialty shops, or hospitality ventures. The property's versatility allows for creative adaptation to suit diverse business needs. A significant advantage is the inclusion of a transferable beer and wine license (take-out only), providing immediate operational capabilities for businesses requiring such permits. This turnkey opportunity combines a desirable location with substantial square footage and a valuable existing license, making it an attractive proposition for entrepreneurs and investors seeking a well-positioned commercial space in a vibrant downtown setting. The property's size and location offer significant potential for growth and profitability. Serious inquiries are encouraged to explore this exceptional opportunity further. The asking price is $359,000.
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 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
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
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
10 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 0.16 ac
- APN
- 52-51-215-001-01
- Zoning
- GR
- Assessed value · 2023
- $9,000
- Annual tax · 2023
- $415
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.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The purpose of GR district is to establish and preserve medium density residential neighborhoods, free from other uses except those which are both compatible with and convenient to the residents of the district.
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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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Location Insight
- Alternative use
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