Property profile

80 Mohawk St Mohawk, MI 49950

OFF-MARKET
Other commercial real estate
Property ID
US43-3018419
0.67 ac lot
Individually Owned Free & Clear
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Property summary

AI-generated overview

This commercial property is located on US-41 in Mohawk on Michigan’s Keweenaw Peninsula, situated on a large corner lot adjacent to a township park. The building was originally constructed as a bank and retains original features including a 1902 York Safe Company vault door and a glass-back safe. The property is configured for restaurant use and includes dine-in and takeout service, as well as a drive-thru, with a specialty menu featuring broasted chicken, specialty pizzas, chili, reubens, gyros, soft serve ice cream, hand-dipped ice cream served in homemade waffle cones (24 flavors), and a specialty coffee bar. Improvements include remodeled and updated interior spaces with new seating and an added public restroom to support year-round operation. The commercial building has approximately 1,560 square feet of space on a 0.51-acre lot (square footage to be verified). Parking is provided on-site, with planned resurfacing noted for 2025.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Lot 0.67 ac (29,185 SF)
Zoning code B-1
APN 42-101-53-013-001
UPID US43-3018419

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Restaurant

Location

80 Mohawk St Mohawk, MI 49950-9768
Mohawk metro Census 100 HOUGHTON, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

Zoning & alternative use

B-1 · Mohawk, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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