113 / 115 Cleveland Ave $160,000

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    113 / 115 Cleveland Ave Ishpeming, MI 49849

    • Commercial
    • MLS# 1123436
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    Views: 145 Days On Site: 72

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    Property Details

    This beautiful historic building in downtown Ishpeming was constructed in 1880 as the Murdock House that served as a residential hotel for 30 years. Throughout the early 1900's it transitioned from hotel to commercial space with living quarters above. In 1929 it became Olson's News, a newspaper, sundry, and tobacco shop that operated for 50 years. Now it features two large commercial spaces on the main floor, two apartments upstairs and an attached oversized 2 car garage with work space and 220 amp service. The current owner has renovated the facade bringing it back to its former look from the early 1900's, has given it new shingled and rubber roofs, new windows, new stucco facade, and two custom made solid wood entry doors. In 2017, 3 forced air natural gas furnaces were put in. All electrical is up to date and up to code, all 5 zones. Sewer to Bank St has been redone. Asbestos professionally abated, boiler new in 2000 and rebuilt in 2015. Store space #113 has new ceilings in 2016 and original terrazzo flooring. New insulation blown into the attic in 2012 with new ceiling fans. The space provides one store front/office space of 1000 sq ft and one with 1400 sq ft with a laundry area and restroom. The store fronts have large display windows. Upstairs you will find two large apartments, one 1 bedroom and one 2 bedroom. Apt 115A will be sold furnished with everything you need to keep it going as an AIRBNB if that's what you choose to do! This apartment has been on AIRBNB since 2015 with 90% occupancy May-Nov with an average monthly income of $1500. The 1 bedroom apartment has been being used as the owner's living quarters. This business is one block from the snowmobile/ATV trail. There are 3 separate meters.

    • General Features
      • ACCESSIBILITY OPTIONS ,36
      • Approx Year Built 1880
      • Area Ishpeming, Central C 32
      • Association Fee 0
      • Business Type Retail/ Apartments
      • County Marquette
    • Building Features
      • Construction Conventional Frame
      • Cable Yes
      • Basement Full
      • Air Conditioning Portable Room Unit,Window Unit
      • Exterior Stucco,Wood
      • Electric Yes
      • Natural Gas Yes
      • Heat Natural Gas Hot Water
      • Foundation Poured
    • Property Features
      • Lot Dimensions 35x105
      • ROAD ACCESS Year Round
      • SEWER City
      • Shoreline Not Applicable
      • WATER City
      • Water View None
      • Waterfront None
      • WOODED None

    Contact

    Sindy Jensen

    Sindy Jensen

    Associate

    RE/MAX 1st Realty

    Cell: 906-235-1851
    Supporting Childrens Miracle Network

    Neighborhood

    49849 (Ishpeming) Demographics

    44 Median Age
    45 Population Density (per sq. mile)
    33% College Educated
    $46,827 Estimated Median Income
    4,224 Estimated Total Home Owners
    896 Estimated Total Renters
    83% / 18% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    12,734 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $111,750 Median Sales Price
    16 Homes Sold
    11 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 New Value: $160,000
        9/23/2020 4:08:30 AM Status Changed Source New Value: Active
        9/18/2020 11:09:00 PM New in Database Source New Value: $160,000

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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.