408 Mill Street Munising, MI 49862

Active

$399,500

Market Estimate

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4,763 sq. ft.
0.23 Acres
Commercial
MLS# 50132216

Listing provided courtesy of: LOOK REALTY - 906-228-7255

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Property Details

Description

Discover a unique business opportunity with this meticulously remodeled commercial property in Munising. The main building underwent a total transformation, complemented by a brand-new 2600 square foot addition in 2021, bringing the total space to just over 4,700 square feet. Situated in an excellent location, the property boasts visibility from M-28, making it a prime spot for attracting customers and clients. The zoning allows for versatile use, including retail, restaurants, hotel/motel/hostel, or the option to have a business on the main floor and apartments on the upper floor- please verify your intended use with zoning. Whether you envision a trendy retail space, a thriving restaurant, or a combination of commercial and residential use, this building offers endless possibilities. Seize the opportunity to bring your business dreams to life in the heart of Munising.

General Features
- Acreage 0.23
- Area Municipality Munising (02012)
- County Alger
- Originating MLS Upper Peninsula Assoc of Realtors
- Ownership LLC
- Total SqFt Finished 4763
- Waterfront Y/N No
- Year Built 1983
- ZONING Commercial
Building Features
- Cooling System Other
- Exterior Construction Steel, Vinyl Siding
- Foundation Type Slab
- Heating System Wall Heat, Electric Heat, Forced Air
- FUEL TYPE Natural Gas
- Roofing Shingles
Property Features
- Water Public Water
- Water Features None
- PARKING Off Street,On Site,Parking Lot
- Lot Size 138x73
- Roads City/County, Paved Street
- Sewer Septic Public Sanitary

Neighborhood

49862 (Munising) Demographics

44 Median Age

23 Population Density (per sq. mile)

26% College Educated

$43,571 Estimated Median Income

1,115 Estimated Total Home Owners

391 Estimated Total Renters

74% / 26% Estimated Owner / Renter Divide

2 Estimated Average Household Size

4,765 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$288,500 Median Sales Price

4 Homes Sold

3 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	Current Price Source: Multiple Listing Service	New Value: $399,500
7/29/2024 2:51:31 PM	Price Reduced Source: Multiple Listing Service	New Value: $399,500	-11.12%
7/2/2024 9:05:52 AM	Price Reduced Source: Multiple Listing Service	New Value: $449,500	-10.08%
1/26/2024 3:51:00 PM	New in Database Source: Multiple Listing Service	New Value: $499,900

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* This payment calculator is intended for educational and planning purposes only.
** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.