Calumet MI Multi Family for Sale
$850,000
215 Sixth Calumet, MI 49913
- Type:
- Multi-Family
- Sq.Ft.:
- 11,700
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.18 Acres
- Year built:
- 1902
- Baths:
- 10.00
- MLS#:
- 50151036
- Subdivision:
- .
ADDITIONAL INFORMATION
HISTORIC 1902 Coppo Block Building - The original woodwork, sandstone arched entry and exterior accents are signature features of this historic building that the owner has carefully considered in the restoration of the building. This investment property has a very nice rental history and location in the quaint town of Calumet. The location has convenient proximity to the shops and are galleries on Fifth and Sixth Streets and the area's larger employers of Aspirus Keweenaw and Calumet Electronics; both sources of possible tenants. A short drive to Swedetown recreational area to enjoy many outdoor activities. The main level includes two commercial rentals. Each of the upper two levels have 3 apartments each. The apartments have 2 bedrooms, kitchen, living area and their own laundry areas. This building has undergone a comprehensive historic rehabilitation including all new electrical, mechanical, and plumbing systems, double rubber roof and drain system, and steel egress balconies. Exterior facade features red Jacobsville sandstone and original storefronts with prismatic glass transom windows. The building is highly efficient and soundproof with substantial exterior wall insulation, and interior partition and floor insulation. Parking spaces in rear of building & some are leased in rear adjacent lot. Each rental unit has its own furnace. Roof is a newer rubber roof. Basement: Full basement & historically the front part was storefronts with doors and windows access from the sidewalk; which is now hollow underneath giving an extra 400sf +/- of basement storage space. (Note: Building on the corner of Oak and Fifth is adjacent but not part of this property.) Landlord pays heat, water, dumpster, plowed parking. Tenant pay for electric, internet, cable. Seller has intentionally left 3 residential units without leases for buyer flexibility to fill vacancies at buyer preferred rates. 1 residential unit has been used as a short term rental. Seller would consider a package deal including 613 Oak St (MLS 50125795) and 215 6th St. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect & verify all aspects of the property & bears all risks for any inaccuracies including but not limited to estimated acreage, lot size, square footage, utilities (availability & costs associated). Real estate taxes are subject to change (possibly significant), property will be reassessed by the municipality after sale is completed & buyer should NOT assume that buyerâ??s tax bills will be similar to the sellerâ??s current tax bills. Taxes are not zero. Prequalification, non-disclosure agreement and 72 hours notice required prior to showing. Financials and unit rent and lease inventory available to prequalified buyers. Request 72 hours response time on offers.
$97,000
446 & 448 Pine Calumet, MI 49913
- Type:
- Multi-Family
- Sq.Ft.:
- 4,905
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.06 Acres
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 50129060
- Subdivision:
- Village Of Calumet
ADDITIONAL INFORMATION
Village of Calumet - Multifamily building located on M203/Pine Street with 2 units on the main level and 2 units upstairs. The sandstone exterior is beautiful and last tuckpointed about 3+/- years ago, some original woodwork and character! Located near the corner of 5th and Pine Street it is in close proximity to the downtown Calumet activity including the Farmer's Market area and shopping. Just a short drive to the Swedetown Trails and Lion's Park at Calumet Lake. The main floor has one unit with 1 to 2 bedrooms, kitchen, living room, bathroom and laundry (446 Pine: leased through 12/17/2028). The other main floor unit has 1 bedroom, living room, kitchen, bathroom and laundry (448 Pine: leased through 12/17/2028). At the back of the main floor units there is a storage area. One upper unit has 2 bedrooms, kitchen, living room, bathroom. The other upper unit has 1 bedroom, kitchen, living room and bathroom. The upper units are contractor ready and need to be remodeled prior to occupancy. Sale is contingent upon the municipality land division approval and separation of utilities from 444 Pine St. (Note: Property has its own gas meter as of 5/2024. Separation of water meters in in process.) 444 Pine Street (home and garages) are NOT available for purchase. Property has been surveyed. NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect all aspects of the property, verify all information & bears all risks for any inaccuracies. Tax information is subject to change (possibly significant) and property will be reassessed by the municipality after sale is completed. Taxes are not zero and are part of a parent parcel. All measurements (acres, lot size, square footage etc) are estimated. Buyer to verify utilities, including availability & costs associated. Sellers may have audio/video recording devices present on property and buyers and agents consent to being recorded by entering property. OFFERS: Seller requests 72 hours response time on offers. Seller, at seller's sole discretion, with or without notice, reserves the right to set and/or modify deadlines for receipt of and sellerâ??s response to offers. Leases: Leases for both units are through December 17th, 2028 with rent amount not being adjusted more than 5% per calendar year and a possible increase for extraordinary increase in taxes, utilities and insurance only with a minimum of 30 dayâ??s notice to tenants. Financing: Likely need a commercial or construction loan until updates completed or cash. ATTENTION DEVELOPERS - There may be possible MEDC or MSHDA grants and other financial tools available for developers looking to rehabilitate or redevelop the property. (Note: Grants and tools do not apply to curing basic deferred maintenance.) Contact the Keweenaw Economic Development Alliance for possible options, https://kedabiz.com/.
$237,000
613 Oak Calumet, MI 49913
- Type:
- Multi-Family
- Sq.Ft.:
- 11,790
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.24 Acres
- Year built:
- 1900
- Baths:
- MLS#:
- 50125795
- Subdivision:
- Village Of Calumet
ADDITIONAL INFORMATION
Read the updates to this listing! The Nelson-Schroeder Block is a handsome 3 story commercial & residential building located in downtown Calumet, Michigan - within the boundaries of the Keweenaw National Historical Park, and the near the center of the Calumet Village downtown Historic District. Classical revival features include prismatic glass storefront transom windows, a large cornice, bulls-eye windows at the attic level, round arched sandstone and recessed entries. On the interior there are some original Italian tile fireplaces, original woodwork, large windows for beautiful natural light. An accessible & attractive 2 story skylight sheds light into the core of the two upper floors. The structure is 11,790+/- sf, not including basement. The current configuration of the building is consistent with its past, 2 commercial storefronts & potential for 4+ apartments (Estimate of approx 12 BRs depending on how building is remodeled) on the upper floors. The current owner has cleaned out & taken steps to preserve the building for you to continue this historic restoration! The basement is large at 3900+/- ft. sq. with high ceilings, concrete floor & exterior entrance. Your opportunity to add to the revitalization of the Village of Calumet. Parking for occupants is located on 58x118 lot across the road on 7th Street. A great community with a farmers market, home of Pasty Fest, close to recreational trails and more! Ceiling tiles not currently installed are negotiable. Since originally listed, seller has done further improvements including some floor leveling, drywall, priming, roof drain repair & purchased half of a lot to make the parking lot 58x118 total. Both commercial units are ready for your business specific build-out to start your business or rental income. Approx floor plan available. Last occupancy 2005+/-. Rubber apprx 10+/- yrs old.Building lot: Aprx 0.09 acre & vacant/parking lot Aprx 0.15 acre. All info 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. 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 & Buyerâ??s agent consent to being recorded. Also listed MLS 50121684 Commercial Calumet Historic District (HDC) affects property. Seller may be removing some of the tin from an area in the building where not exposed prior to closing. Seller would consider a combined sale with 215 Sixth St (MLS: 50151036)
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Calumet Real Estate
The median home value in Calumet, MI is $211,000. This is higher than the county median home value of $115,900. The national median home value is $219,700. The average price of homes sold in Calumet, MI is $211,000. Approximately 22.87% of Calumet homes are owned, compared to 50.28% rented, while 26.84% are vacant. Calumet real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Calumet real estate agent to arrange a tour today!
Calumet, Michigan has a population of 819. Calumet is less family-centric than the surrounding county with 29.63% of the households containing married families with children. The county average for households married with children is 30.54%.
The median household income in Calumet, Michigan is $17,083. The median household income for the surrounding county is $41,379 compared to the national median of $57,652. The median age of people living in Calumet is 37.5 years.
Calumet Weather
The average high temperature in July is 75.3 degrees, with an average low temperature in January of 7.5 degrees. The average rainfall is approximately 32.9 inches per year, with 206.7 inches of snow per year.