63 First Street $245,000

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    63 First Street Calumet, MI 49913

    • 1,689 sq. ft.
    • 0.23 Acres
    • Commercial
    • MLS# 50110099
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    Views: 151 Days On Site: 546

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    Property Details

    Awesome opportunity at an established and reputable restaurant in a great Laurium location. Appreciate tasteful updates combined with historical aspects that combine to make this a warm and welcoming environment. You will find ample seating, a thriving consignment space, a ready to use commercial kitchen with a new six foot gas grill installed in 2023, a food prep room, a walk in cooler, central AC and much more! The bathrooms have been remodeled. Upstairs is some additional storage space or it could be renovated into residential space. You can continue operating as Miners Café or rebrand it as your own new business! Another interesting option would be to use the café space after restaurant hours to host classes, rent out meeting space, etc... Strong revenue numbers can be shared with a signed confidentiality agreement. The property includes a larger parking lot and a separate commercial building. The commercial building has some foundation issues and may need to be torn down. Buyers are not permitted to enter this building at any time during the listing, inspection, and preclosing timelines. Buyer to accept this building in it's current condition and will enter and inspect at their discretion after closing. Buyer to confirm all intended use items regarding zoning with applicable municipalities. Closing to be set for the 1st of a month. See associated documents for more info! All offers must include addendum 1. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect property, verify all information & bears all risks for any inaccuracies. Tax information is subject to change. Taxes are not 0. All measurements (acres, lot size, square footage etc) are estimated. Sellers may have audio/video recording devices present on property. By entering or being on property, Buyer and Buyer's agent consent to being recorded. Seller requests 72 hrs response time on offers. Seller, at seller's sole discretion, with or without notice, reserves the right to set and/or modify offer deadlines.

    • General Features
      • Acreage 0.23
      • Area Municipality Laurium (31019)
      • County Houghton
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership Private
      • Subdivision Village of Laurium
      • Total SqFt Finished 1689
      • Waterfront Y/N No
      • Year Built 1900
    • Building Features
      • Cooling System None
      • Exterior Construction Vinyl Siding, Wood
      • Foundation Type Basement
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water
      • Water Features None
      • PARKING On Site,Parking Lot
      • Lot Size 100x100
      • Roads City/County
      • Sewer Septic Public Sanitary

    Neighborhood

    49913 (Calumet) Demographics

    45 Median Age
    90 Population Density (per sq. mile)
    33% College Educated
    $40,350 Estimated Median Income
    2,065 Estimated Total Home Owners
    711 Estimated Total Renters
    74% / 26% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    6,423 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $111,500 Median Sales Price
    10 Homes Sold
    6 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: $245,000
        5/25/2023 12:21:00 PM New in Database Source: Multiple Listing Service New Value: $245,000

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        ** 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.
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        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.