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205 Fifth Street

Calumet, MI 49913

$499,900

MLS# 50225572

LISTING STATUS

Active

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Calling all investors and business owners! This 1890 mixed-use building in historic downtown Calumet offers four units, including two commercial storefronts, a main-floor one-bedroom apartment, and an upper-level two-bedroom apartment. Located on Fifth Street, the building offers excellent Main Street visibility with sidewalk frontage and large display windows, plus off-street parking and alley access at the rear. The 207 Fifth Street commercial unit features hardwood floors in the front showroom, tin-style ceilings, large display windows, and a reception counter. Additional space down the hall includes private offices or rooms, a kitchenette, bathroom, and rear entrance. Both apartments have been completely updated! The upper-level two-bedroom apartment features an open-concept kitchen and living area with shaker-style cabinetry, stainless steel appliances, recessed lighting, and wood-look flooring. The main-floor one-bedroom apartment offers a spacious living area, updated kitchen with stainless steel appliances and plenty of counter space, and a generously sized bedroom. Both apartments also feature updated bathrooms. Major improvements to the building include new LP SmartSide siding, windows, exterior doors, rear stairs, sprinkler system, electrical service, two new furnaces, and new water and sewer lines from the alley. Separate utilities for all four units add to the investment appeal! Downtown Calumet is rich in Copper Country history, with shops, restaurants, and local attractions just steps away. Whether you're looking to operate your own business, live on-site, generate rental income, or expand your investment portfolio, this property offers plenty of possibilities! Seller financing of up to 20% of the purchase price may be available, subject to buyer qualification, lender approval, and mutually acceptable terms.

Location

SCHOOL DISTRICT

COUNTY

Houghton

WATERFRONT

No

PROPERTY TAX AREA

Calumet (31004)

ROAD ACCESS

Paved Street

BUSINESS TYPE

Mixed use/residential, Medical/Dental, Residential

TOTAL BUILDING SQ FT

3010.00

ACRES (APPROX.)

0.07

LOT DIMENSIONS

33x98

YEAR BUILT (APPROX.)

1890

ZONING

Commercial

Utilities

HEATING

Electric, Natural Gas: Electric Heat, Forced Air

UTILITES

Electricity Connected, Sewer Connected, Water Connected

AIR CONDITIONING

SEWER

Public Sanitary

WATER

Public Water

Building & Construction

EXTERIOR CONSTRUCTION

Other

FOUNDATION

Basement

EXTERIOR FEATURES

COMMERCIAL FEATURES

Alley, Cafe/Kitchen, Carpet, Display Window, Interior Sprinkler, Living Quarters, Private Restrooms, Reception Area, Restroom(s), Showroom, Sidewalks, Sprinkler System, Wood Floors

PARKING

3-5 Spaces, Off Street

 

Listing Details

LISTING OFFICE

Coldwell Banker Schmidt Realtors

LISTING AGENT

Heinonen, Mark

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