$550,000

525 1st Street

Menominee MI, 49858

Description

ATTENTION INVESTORS!! How would you like to own your very own piece of down town Menominee Michigan on 1st street?!! Now For Sale is the historical building located at 525 1st street in the midst of the downtown marina, bandshell, restaurants, shopping and the beautiful Bay views!The restaurant on the first floor is fully equipped with restaurant equipment, liquor license and is under lease for one year by the current restaurant leasee.The second floor has so much potential for what is to be desired by it's newest owner; turn it back into a banquet hall and make use out of the existing bar and kitchen set up, condos, apartments, hotel rooms, or a mixture of banquet hall and a few hotel rooms for guests. There are so many possibilities!Because of it's zoning, as a historical building.

Details

MLS#1648504
Sub-TypeResale
StatusActive
Year1883
Days On Site67

Features

SQ Feet7,200
Story(s)2
ZoningCommercial

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Area Information

StateMI
CountyMenominee (MI)
CityMenominee
Zip Code49858
AreaMenominee (MI)
Listing VS Median (in 49858)
Price:
$550,000
low | high
Med:
$119,900
100% of Average
SqFt:
7,200
low | high
Med:
1,272
100% of Average
$ / SqFt:
$76
low | high
Med:
$94
26.603773584906% of Average
On Site:
67
low | high
Med:
127
52.755905511811% of Average
Listing Updated: 09/19/2019
MLS Number: 1648504
Listing Provided By:
Starcha M James-Sporrer  of  State Wide RE MI WI Inc (MI)

Information is supplied by seller and other third parties and has not been verified.
-IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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