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Property profile & analytics
FOR SALE
Commercial real estate

536 Mather Ave Ishpeming, MI 49849

7,738 SF 0.42 ac lot
Entity Owned 16-yr Hold Free & Clear
Property ID
US43-2132495
Property summary
AI-generated overview

This exceptional 7,650 square foot commercial building, located at 536 Mather in Ishpeming, Michigan, presents a unique investment opportunity. Situated on a 0.36-acre lot, the property boasts ample parking and attractive landscaping. The building's interior is thoughtfully divided into numerous private spaces, providing flexibility for a variety of uses. Multiple bathrooms are conveniently located throughout. Currently, the building enjoys 43% occupancy with existing active leases in place, offering immediate income potential. The property's history includes a previous use as the Williams Medical Clinic, suggesting a strong foundation and potential for medical or related businesses. The building's size and layout offer significant potential for expansion or adaptation to suit a wide range of commercial needs. A confidentiality agreement is required before access to financial and lease agreements will be granted. This is an excellent opportunity to acquire a well-maintained, strategically located industrial property in a desirable Michigan market. Serious inquiries only. Contact us today to schedule a showing and learn more about this promising investment.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 7,738 SF
Lot 0.42 ac (18,314 SF)
Zoning code GC
APN 52-51-330-003-00
UPID US43-2132495
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
Current use
Occupant on record · Public records
  • Advacare Systems Production Facility
  • JG/Prototype Manufacturing Industrial Manufacturer Production Facility
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
Mather Property INC · 16 yrs held
Mather Property INC
since 2010
1 recorded transaction
2010
$159,000
Zoning & alternative use
GC · Ishpeming, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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