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Jenn Smart

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200 E Division , Ishpeming, MI 49849
$499,900
Est. Payment: $2,605.05/mo
0 Bed
0 Bath
9486 Sqft
Status: active | Days on site: 229
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House 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.

Highlights

Listed by DAWN FLORIO , 906-360-0796 and FRAN SEVEGNEY , 906-869-7465 RE/MAX 1ST REALTY , 906-225-1136. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
0.13

Year Built

1900

County

Marquette

Area

Ishpeming (52013)

Neighborhood

US Steel Corp Assrs 1

Listing ID

50190002

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Ceiling Fan(s),Heat Pump(s),Wall/Window A/C
Fireplaces:
Above Ground Sq Ft:9486
Water:Public Water

Exterior Features

Lot Dimensions:55x100
Zoning:Mixed Use,Commercial,Residential
Roof:Rubber
Sewer:Public Sanitary
Parking Features:Off Site,Parking Lot
Principal Interest
$2,605
Taxes
$319

Home Price

$499,900

Loan Details

30 yrs
6.792%

Down Payment

20%
$99,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,605.05

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,605.05 $318.69 $0.00 $2,923.73
Yearly $31,260.58 $3,824.24 $0.00 $35,084.82
Total $937,817.44 $114,727.05 $0.00 $1,052,544.49
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Ishpeming, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T04:57:55.100Z

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