Address
200 E Division Street, Ishpeming, MI
Price
$ 499,900
Property Attributes
- MLS#50190002
- TypeCommercial
- Listing Status Active
- CountyMARQUETTE
- CityIshpeming
- AreaIshpeming
- NeighborhoodIshpeming
- Zip49849
- StyleCommercial/Industrial
- Year Built1900
- Price$ 499,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage9486
- Lot Size0.13 Acres
Data Source:
MiRealSource (MIRS)
Property Description
Great investment opportunity in this large commercial/residential building in Downtown Ishpeming! This building features 3 store fronts currently occupied by the beloved Rare Earth Goods, Apiary Life Studio, and Bats Amore Used Books. There are secondary entrances in the front of the building and the back with staircases that lead to a common area space that includes 4 spacious 1 bedroom, 1 bathroom rental units. As well as 2 "dorm style" spaces (remodel potential for a fifth larger apartment out of these!) that share a private bathroom in the common area hallway. Further down the hallway you'll find a tenant-accessible wooden balcony for outdoor enjoyment steps outside of one's unit. The one-bedroom units have front entries with hallway closets, formal dining, living room, bedroom , full bathroom, and a kitchen. Some units have new appliances such as new fridge and oven. Further updates that were completed were a new high efficiency boiler, required developmental construction to the basement, previous owner replaced the windows and roof top solar panels were installed and help contribute over half of the buildings electricity needs. While there is no on-site parking, there is plenty of street parking and nearby city lots available for the winter parking for the tenants. All units besides the "dorm style" rooms are currently occupied.
| Price History | |
|---|---|
| 9/30/2025 | Listed $499,900 |
General Features
| Heating | Boiler,Hot Water |
|---|---|
| Cooling | Ceiling Fan(s),Heat Pump(s),Wall/Window A/C |
| Roof | Rubber |
| Zoning | CBD - Commerical/Business District |
| Water | Public Water |
| Status | Active |
| Year Built | 1900 |
| Parking | Off Site,Parking Lot |
| Subdivision | US Steel Corp Assrs 1 |
| Water Heater | Gas |
| County | Marquette |
| Township | Ishpeming Township |
| Class | COM/IND/BUS OPP |
| Type | Commercial/Industrial |
| Business Name | Snowbelt Development |
| Ownership | LLC |
| Status | Active |
| Zoning | Mixed Use,Commercial,Residential |
| Subdivision | MI |
| Sale/Rent | For Sale |
| Commercial Features | 220 Volt Power,Alley,Cafe/Kitchen,Carpet,Restroom(s),Vinyl/Laminate Floors,Wood Floors,Smoke/Fire Alarm |
| Subj to Short Sale Apprvl | No |
| Area | Ishpeming (52013) |
| Primary City | Ishpeming |
| Location | Main Street,Residential Area |
| Directions | US 41 to Lakeshore Blvd,Turns into Division. Property on SE corner of First and Division. |
| City | Ishpeming |
| Lease Y/N | No |
| Originating MLS | Upper Peninsula Assoc of Realtor |
| Source MLS | MI Real Source |
| Financial Terms | Cash,Commercial Loan |
| Legal Description | US STEEL CORP ASSESSOR'S PLAT #1 OF HARD ORE EXTENSION LOT 155. |
| DOM | 372 |
| Postal Code | 49849 |
| Price Per Sq Ft Total AG | 52.7 |
| BUSINESS TYPE | Food Service,Residential,Service |
| Public Remarks | Great investment opportunity in this large commercial/residential building in Downtown Ishpeming! This building features 3 store fronts currently occupied by the beloved Rare Earth Goods |
Interior Features
| Basement Y/N | Yes |
|---|---|
| Ceiling Height | Less than 16 Ft. |
| Fuel Type | Natural Gas |
Exterior Features
| Exterior | Brick |
|---|---|
| Lot Size Area | 0.13 |
| Lot Dimensions | 55x100 |
| Water Features | None |
| SEWER SEPTIC | Public Sanitary |
| Roads | Curbed,Paved Street,Year Round |
| FOUNDATION TYPE | Basement |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 49849
Price
Year Built
Visits
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