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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.
    View details
    Downtown Multi-Unit Retail Building
    Updated: Aug 5, 2025
    Downtown Multi-Unit Retail Building

    105/109 S Main Street, Ishpeming, MI 49849

    $335,000
    10,158 sqft
    Downtown Ishpeming commercial building with two street‑level commercial spaces and shared back parking‑lot access
    Total size: 5,392 above‑ground SF plus 4,766 below‑ground dry storage space
    Velodrome Coffee Company space offers 3,851 SF open workspace with cafe up front and prep space at the back
    Velodrome includes a man door and a larger loading door for deliveries; lease runs through the end of 2026
    Second unit is just over 1,500 SF with a front storefront/display area plus back spaces to the public parking lot back door
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Ishpeming, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Iron Mountain Commercial Building For Sale
    Iron Mountain Commercial Building For Sale

    1605 N Stephenson Avenue, Iron Mountain, MI 49801

    $329,500
    3,288 sqft 0.48 AC lot

    3,288 SF commercial building with high visibility and ample parking.

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    General Commercial Corner Lot
    General Commercial Corner Lot

    866 W Washington Street, Marquette, MI 49855

    $499,900
    2,772 sqft

    General commercial corner lot with highway frontage and visibility at a major traffic light intersection.

    View details
    Retail Building with Front and Rear Parking
    Retail Building with Front and Rear Parking

    2220 S US41 Highway, Marquette, MI 49855

    $700,000
    3,600 sqft 0.90 AC lot

    Updated retail building with front and rear parking, multiple AC units, and a separate shipping and receiving area.

    View details
    COMMERCIAL - Iron Mountain, MI
    COMMERCIAL - Iron Mountain, MI

    W8145 Us2 Hwy, Iron Mountain, MI 49801

    $750,000
    6,328 sqft 1.15 AC lot

    High-visibility commercial/retail space with seller financing available.

    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.

    Tourist Attraction with Waterfalls
    Tourist Attraction with Waterfalls

    602 Bell Avenue, Munising, MI 49862

    $6,900,000
    2,714 sqft 79.00 AC lot

    Privately owned recreational land with spring-fed Horseshoe Falls, woodland paths, gift shop, and attached living quarters.

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    Commercial Land with Existing Building
    Commercial Land with Existing Building

    909 S Stephenson Avenue, Iron Mountain, MI 49801

    $250,000
    2,335 sqft 0.20 AC lot

    A zoned commercial site with a 72-by-120 lot and an older 2,335 SF building on a main thoroughfare.

    View details
    Prime Land in Rapid River
    Prime Land in Rapid River

    7683 US2 Highway, Rapid River, MI 49878

    $49,900
    1.97 AC lot

    Commercial land with high traffic exposure in Rapid River, MI.

    View details
    Commercial Land on Highway 2
    Commercial Land on Highway 2

    737 E Lakeshore Drive, Manistique, MI 49854

    $450,000
    0.97 AC lot

    Prime vacant lot in high-traffic commercial area.

    View details

    Ishpeming, MI Storefront Properties Market Trends and Statistics

    Explore 2 storefront properties for sale in Ishpeming, MI on our real estate platform. These investment opportunities span a total of 19,644 square feet of properties for sale, with an estimated market value of $834,900.

    Sale prices for retail units in Ishpeming, MI start at $335,000, averaging $417,450, 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

    Auto shops 2
    Automotive properties 2
    Storefront properties 2

    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 $499.9K

    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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