$160,000

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Listed by Re/Max 1st Realty

Description

This beautiful historic building in downtown Ishpeming was constructed in 1880 as the Murdock House that served as a residential hotel for 30 years. Throughout the early 1900's it transitioned from hotel to commercial space with living quarters above. In 1929 it became Olson's News, a newspaper, sundry, and tobacco shop that operated for 50 years. Now it features two large commercial spaces on the main floor, two apartments upstairs and an attached oversized 2 car garage with work space and 220 amp service. The current owner has renovated the facade bringing it back to its former look from the early 1900's, has given it new shingled and rubber roofs, new windows, new stucco facade, and two custom made solid wood entry doors. In 2017, 3 forced air natural gas furnaces were put in. All electrical is up to date and up to code, all 5 zones. Sewer to Bank St has been redone. Asbestos professionally abated, boiler new in 2000 and rebuilt in 2015. Store space #113 has new ceilings in 2016 and original terrazzo flooring. New insulation blown into the attic in 2012 with new ceiling fans. The space provides one store front/office space of 1000 sq ft and one with 1400 sq ft with a laundry area and restroom. The store fronts have large display windows. Upstairs you will find two large apartments, one 1 bedroom and one 2 bedroom. Apt 115A will be sold furnished with everything you need to keep it going as an AIRBNB if that's what you choose to do! This apartment has been on AIRBNB since 2015 with 90% occupancy May-Nov with an average monthly income of $1500. The 1 bedroom apartment has been being used as the owner's living quarters. This business is one block from the snowmobile/ATV trail. There are 3 separate meters.

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Property Details

Features Commercial

Type: Comm Bldg/No Business Year Built: 1880
Waterfront: N Est Water Front Ft: 0.0
Total Bldg Sq Ft: 7,854 Body of Water
Municipality: Ishpeming C Area: Ishpeming, Central C 32
Acreage: 0.08

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Listing History

Date Event Change
Sep 18 2020 9:14PM Price Change $160,000

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