100-106 S Main st - Bank FOR SALE


Ishpeming, MI 49849
$799,900 USD
906-225-1990
100-106 S Main st, Ishpeming, MI for Sale
$799,900 USD
Bank - FOR SALE
1/87
null | Request Cap Rate

100-106 S Main st
Ishpeming, MI 49849


HIGHLIGHTS

  • Landmark commercial building located in historic downtown Ishpeming.
  • Anchored by Nicolet National Bank following substantial tenant improvements.
  • Flexible upper and lower level floor plans support a variety of future uses.
  • Prominent Main Street location within the city's established business district.
  • Historic architectural features are complemented by modern upgrades.
  • Opportunity for continued income generation with additional repositioning potential.

OVERVIEW

Positioned in the heart of historic downtown Ishpeming, 100-106 S Main Street presents the opportunity to acquire a landmark mixed-use commercial asset with an established tenancy and future redevelopment potential. The property combines historic architectural character with modern improvements and occupies a prominent location along Main Street within the city's traditional commercial core. The building is anchored by Nicolet National Bank, which has recently completed substantial renovations to its occupied space. These improvements reflect a long-term commitment to the property and contribute to the building's ongoing functionality and stability. In addition to the bank tenancy, the upper and lower levels offer flexible layouts that may support future office, residential, or additional commercial uses, subject to applicable approvals. Ishpeming serves as one of the principal communities in Marquette County and benefits from regional connectivity via US-41, providing access to Marquette and surrounding Upper Peninsula markets. The property's downtown location places it within walking distance of local businesses, services, restaurants, and civic destinations, supporting continued commercial activity and occupancy demand. The combination of an established tenant, historic presence, and adaptable floor plans creates an opportunity for investors seeking both current income and future value-add potential.

FOR SALE DETAILS

PRICE

$799,900 USD

PRICE/SF

$49 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1879

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial

APN/PARCEL ID

52-51-050-075-00

ASK ABOUT THIS PROPERTY

Kellie Hillier-GenschawRe/Max 1st RealtyMore Info
906-225-1990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Kellie Hillier-GenschawRe/Max 1st RealtyMore Info
906-225-1990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.