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100-106 S Main st 16,368 SF 100% Leased Flex Building Ishpeming, MI 49849 $1,122,924 CAD ($68.60 CAD/SF)
Investment Highlights
- Landmark commercial building located in historic downtown Ishpeming.
- Flexible upper and lower level floor plans support a variety of future uses.
- Historic architectural features are complemented by modern upgrades.
- Anchored by Nicolet National Bank following substantial tenant improvements.
- Prominent Main Street location within the city's established business district.
- Opportunity for continued income generation with additional repositioning potential.
Executive Summary
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.
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.
Property Facts
| Price | $1,122,924 CAD | Building Class | C |
| Price Per SF | $68.60 CAD | Rentable Building Area | 16,368 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Flex | Year Built | 1879 |
| Property Subtype | Flex | ||
| Zoning | Commercial | ||
| Price | $1,122,924 CAD |
| Price Per SF | $68.60 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Flex |
| Building Class | C |
| Rentable Building Area | 16,368 SF |
| No. Stories | 2 |
| Year Built | 1879 |
| Zoning | Commercial |
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Moderately walkable
70/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 52-51-050-075-00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $539,913 CAD |
Property Taxes
Parcel Number
52-51-050-075-00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$539,913 CAD
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100-106 S Main st
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