$1,607,000

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Listed by Coldwell Banker Schmidt Realtors

Description

The historic Mather Inn boasts beauty & elegance inside and out. This property takes up an entire city block in the heart of downtown Ishpeming Michigan. The subject property is rectangular in shape. The total square footage is 46,200 square feet or 1.06 acres. The Mather Inn opened in 1932, displaying many grand features such as a sunken dining room, a men's clubroom, beautiful guest suites and lush landscaping amongst many other amenities. The front door is a grand entrance containing a large covered front entry. Once inside you are greeted with incredible tile flooring a beautiful fireplace and tall ceilings. There are 2 banquet rooms on the first floor. A commercial size kitchen extends off the main banquet room. 150 people have been accommodated comfortably in the main banquet room. The first floor also includes men's and women's restrooms that have been beautifully redone. There are currently 11 units that are available for long term rentals or short term, such as Airbnb rentals. Every unit has been updated, some of these units include whirl pool tubs and fireplaces. There are 2 large laundry rooms on the levels that have rental units. All of the washers and dryers are new.The second floor is currently under construction for renovations. The heating system and electrical have been newly updated. A portion of the property is currently being rented to Cognition brewery.

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Property Details

Features Commercial

Type: Comm Bldg/No Business Year Built: 1931
Waterfront: N Est Water Front Ft: 0.0
Total Bldg Sq Ft: 39,837 Body of Water
Municipality: Ishpeming T Area: Ishpeming, South T 34
Acreage: 1.06

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Listing History

Date Event Change
Nov 17 2020 11:09AM Price Change $1,607,000

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