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    Ishpeming, MI
    Residential Income

    Ishpeming, MI Residential Income Properties for Sale

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    Negaunee, MI Palmer, MI Champion, MI
    Duplex with Two 2BR Units
    Updated: Jun 12
    Duplex with Two 2BR Units

    404 S 3rd Street, Ishpeming, MI 49849

    $174,900
    1,782 sqft · 0.08 AC lot
    South Ishpeming duplex with two 2‑bedroom, 1‑bath units
    Covered front porch plus rear deck for outdoor entertaining
    Full basement with laundry hookups and ample storage for the lower unit
    Dedicated concrete parking pad with city‑plowed alley access
    Appliances include washer, dryer, range/oven, and refrigerator
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    This listing looks promising.

    Here's a quick look at some key insights for

    404 S 3rd Street, Ishpeming, MI 49849

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    • Est. Cap Rate

      6.4%
      Above avg (5.9%)

    • Est. NOI

      $11K
      Annual

    • Price @ 7% Cap

      $159K
      Suggested

    • Property Type

      Single Family Residence
      Built 1898
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    Downtown Ishpeming Mixed-Use Investment
    Updated: Jan 26
    Downtown Ishpeming Mixed-Use Investment

    200 E Division St, Ishpeming, MI 49849

    $499,900
    9,486 sqft
    High‑efficiency boiler and rooftop solar panels provide significant energy savings, covering over half of the building's electricity needs.
    Fully occupied commercial storefronts (Rare Earth Goods, Apiary Life Studio, Bats Amore Used Books) provide immediate rental income.
    Four spacious, currently occupied, 1‑bedroom, 1‑bathroom rental units offer steady residential income.
    Downtown Ishpeming location offers high visibility and accessibility for both commercial and residential tenants.
    Remodel potential exists to convert two "dorm style" spaces into a fifth, larger apartment unit.
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    Established Restaurant with Income Potential
    Established Restaurant with Income Potential

    220 S Main, Ishpeming, MI 49849

    $399,900
    6,160 sqft

    Restaurant with apartments and retail space for sale.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 3 Active listings in Ishpeming, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Negaunee Duplex: Investment or Owner-Occupied
    Negaunee Duplex: Investment or Owner-Occupied

    315 Tobin Street, Negaunee, MI 49866

    $239,900
    2,078 sqft · 0.14 AC lot

    Spacious duplex near downtown Negaunee with recent updates.

    View details
    Palmer Multi-Use Commercial Opportunity
    Palmer Multi-Use Commercial Opportunity

    101 Kirkpatrick Avenue, Palmer, MI 49871

    $345,000
    5,200 sqft · 0.25 AC lot

    Expansive property with business potential near Marquette, Michigan.

    View details
    Palmer Commercial Property with Business Potential
    Palmer Commercial Property with Business Potential

    101 Kirkpatrick Avenue, Palmer, MI 49871

    $345,000
    5,200 sqft · 0.25 AC lot

    Expansive property suitable for care, rental, or redevelopment.

    View details
    Turnkey Restaurant & Rental Income
    Turnkey Restaurant & Rental Income

    305 Iron Street, Negaunee, MI 49866

    $750,000
    5,356 sqft

    Established restaurant and bar with five rental units in Negaunee.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    280 Acres Recreation Land Ishpeming
    280 Acres Recreation Land Ishpeming

    280 Acres County Road CCN, Ishpeming, MI 49849

    $224,000
    280.00 AC lot

    Large acreage tract perfect for recreation and off-grid living.

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    Waterfront Recreation Land
    Waterfront Recreation Land

    170 Acres off CR 573 Road, Ishpeming, MI 49849

    $199,900
    170.00 AC lot

    170 acres on the Little Dead River with ridge-top views and cabin sites for rural recreation or retreat use.

    View details
    Recreational Land Near Gold Mine Lake
    Recreational Land Near Gold Mine Lake

    Gold Mine Lake Road, Ishpeming, MI 49849

    $394,500
    129.00 AC lot

    130-acre recreational and residential investment opportunity near Marquette.

    View details
    Forested Land Near Ishpeming
    Forested Land Near Ishpeming

    200 Acres CR 573 Road, Ishpeming, MI 49849

    $160,000
    200.00 AC lot

    200 acres of forested land, great access, close to town.

    View details

    Off-Market Properties in Ishpeming, MI

    Consider similar Off-Market properties in Ishpeming, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Highland Dr
    Land

    0 Highland Dr, Ishpeming, MI 49849

    Value Estimation by Request
    3.61 AC lot
    View details
    Cooper Lake Rd
    Land

    0 Cooper Lake Rd, Ishpeming, MI 49849

    Value Estimation by Request
    24.70 AC lot
    View details

    Ishpeming, MI Residential Income Properties Market Trends and Statistics

    Explore 5 residential income properties for sale in Ishpeming, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 17,428 square feet of properties for sale, with an estimated market value of $1,074,700.

    Sale prices for residential income properties in Ishpeming, MI start at $174,900, averaging $358,233, and reaching up to $499,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 3
    Apartment buildings 2
    Duplexes 1

    Demographics Overview

    Population 12K
    Population Growth (5Y) -2.1%
    Median Household Income $63,425
    College Educated 16.6%

    High-Yield Neighborhoods for Investment

    Identify Ishpeming submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49849 $358.2K

    Taxes & Financing

    Tax Rate (average for all types) 4.96%
    Property Tax per SF $69.47 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Marquette County

    New Delisted

    Total CRE Inventory on Market (SF)

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