403 3rd St Ishpeming, MI 49849-1702
- Commercial land
- 0.16 lot acres
Current Use by Public Records
- Commercial land
Property Details for 403 3rd St
- Lot size
- 0.16 lot acres
- Zone code
- GR
- Property type
- Commercial land
- APN
- 52-51-215-001-01
- APU
- 525121500101
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ishpeming
- County
- Marquette
- State
- Michigan
- Longitude
- -87.6652
- Latitude
- 46.4924
- CBSA code
- 32100
- CBSA name
- MARQUETTE, MI MICROPOLITAN STATISTICAL AREA