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105 S Main St 10,158 SF Retail Building Ishpeming, MI 49849 $335,000 ($32.98/SF)
EXECUTIVE SUMMARY
Great opportunity in Downtown Ishpeming for your budding business or dreams of commercial land-lording! Currently home to the popular Velodrome Coffee Company, this commercial building boasts two commercial spaces with tons of potential. with a total of 5,392 above ground sqft and an additional 4,766 below-ground dry storage space, the possibilities are endless. Velodrome's space accounts for 3,851 sqft of open workspace with a classy cafe up front, and prep space in the back, including a man door and a larger loading door for big deliveries. Their lease currently runs through the end of 2026. The space next door is a little over 1500sqft consisting of a storefront/display space up front, and then various spaces to the back of the building, leading to the back door of the public parking lot which can be used by owners or renters. Both units have restrooms and would be well suited for a variety of business endeavors. Open your new operation in the vacant space and let the existing lease cover a chunk of your costs!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,158 SF
Building Class
C
Year Built
1969
Price
$335,000
Price Per SF
$32.98
Tenancy
Single
Building Height
1 Story
Building FAR
1.37
Lot Size
0.17 AC
Zoning
C - Commercial
Frontage
68’ on South Main Street
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Velodrome Coffee Company
- Accommodation and Food Services
-
99,999 SF
- -
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Velodrome Coffee Company | Accommodation and Food Services | 99,999 SF | - | Jan 0000 |
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 52-51-050-076-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $230,700 |
PROPERTY TAXES
Parcel Number
52-51-050-076-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$230,700
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105 S Main St
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