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Investment Highlights

  • Historic Downtown!
  • Loads of Potential for Development!

Executive Summary

Historic Mixed-Use Gem for Sale: The Gossard Building (Pioneer Square), Ishpeming, Michigan. An iconic landmark in downtown Ishpeming, the Gossard Building (also known as Pioneer Square) offers a rare opportunity: a four-story, solid brick structure, steeped in history, yet primed for vibrant, modern reuse. Listed on the National Register of Historic Places, this building merges original character with versatile commercial potential. Historic pedigree: Built in 1888 and expanded/renovated in 1903-04, with additions over the decades. Known for its origins as a dry goods/general store, later for manufacturing (corsets/brassieres), now hosting a myriad of different businesses. Architectural character: The facade spans approximately 150 ft along Cleveland Avenue, divided into six bays, trimmed with rock-face sandstone belt courses and raised piers. Many original details remain: pressed metal ornamentation on ceilings/walls, large windows, maple floors. Mixed-use layout: First floor: Retail / shop / mall space, ideal for storefront businesses. Second & third floors: Flexible office leasing spaces of various sizes. Fourth floor: Mostly unused—storage space with potential for redevelopment. Structural & aesthetic integrity: Thick brick firewall divides the east / west sections; original maple flooring; sturdy foundation; strong “bones” with architectural details for those passionate about preservation. Activate the under-utilized fourth floor: convert to lofts, more offices, or creative spaces. Expand retail/on-site food & beverage uses on the street level to draw foot traffic. Leverage the historic designation to access tax credits, grants, or incentives for restoration. Utilize its central location in downtown for cultural, artisan, or service-oriented businesses. Why This Building Matters: It’s not just real estate — it’s a piece of Ishpeming’s story: built by Norwegian immigrant Frederick Braastad, serving the community in multiple roles (store, manufacturing, community hub). Its prominent location and size make it a landmark. Any occupant will benefit from recognition and visibility.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
72,000 SF
Building Class
B
Year Built
1888
Price
$950,000
Price Per SF
$13.19
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
24,000 SF
Building FAR
2.36
Lot Size
0.70 AC
Zoning
Commercial - Commercial Zoned District

Amenities

  • Signage
  • Reception
  • Central Heating
  • Air Conditioning
  • Smoke Detector
Moderately walkable
70/100
Exceptionally drivable
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
52-51-050-105-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$376,550
  • Listing ID: 38565743

  • Date on Market: 10/6/2025

  • Last Updated:

  • Address: 308 Cleveland Ave, Ishpeming, MI 49849

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