BUSINESS/LIFESTYLE OPPORTUNITY! This Upper Peninsula business opportunity is located in Chassell, a small community in Houghton County, Michigan. This village is situated on Pike Bay, an inlet of Portage Lake near the mouth of the Sturgeon River. It sits on the southeastern side of the Keweenaw Peninsula, often referred to as the "Copper Country." - The Chippewa Apartments, a 10-unit multifamily property situated directly on US-41, is ideally positioned just 7.6 miles from the vibrant city of Houghtonâ??home to Michigan Technological University. It offers an exceptional combination of income potential and outdoor lifestyle appeal. - Originally constructed in 1950 and thoughtfully converted from a motel into apartment units between 2010-2011, the property features a mix of studio, one-bedroom, and two-bedroom units with updated interiors, energy star appliances, modernized mechanical systems, tenant-controlled HVAC, coin laundry, extensive parking, a sprinkler system, and a smoke-free environment. One Unit is Wheelchair accessible. Renovations included updated insulation, drywall, flooring, windows, roofing, boiler systems, soffits, fascia, and more. - Outdoor enthusiasts will appreciate immediate access to hiking, biking, snowmobiling, skiing, boating, kayaking, fishing, and countless recreational opportunities that make the Keweenaw region such a sought-after destination. Scenic waterfront surroundings and nearby trail access create strong long-term rental appeal for students, professionals, outdoor enthusiasts, and year-round residents alike. - The property sits adjacent to Chassell Centennial Park and offers beautiful views toward Pike Bay and Portage Lake â?? an area known for boating, waterfront recreation, and scenic beauty throughout all four seasons. Winter recreation opportunities abound with nearby ski areas, snowmobile trail systems, and ice fishing destinations, while summer brings biking, paddling, hiking, and access to Lake Superior adventures throughout the Keweenaw Peninsula. - Set on approximately 1.03 acres with approximately 8,184 square feet of living space, Chippewa Apartments represents a stabilized multifamily rental opportunity in a limited-inventory rental market with long-term upside potential. Its combination of location, recreational surroundings, parking, and renovation history creates a compelling opportunity for buyers seeking dependable Upper Peninsula real estate with strong lifestyle appeal. - Additional Information Is Available By Request - Contact Us For Your Private Showing Today!
This is a rare local business being sold as real property and assets. Local general contractor retiring and selling the land and assets of this home builder in one fell swop. This sale includes the main building, office, woodshop, pole barn workshop, storage shed, extra storage trailers, 2 late model pickups, a tractor with loader, many enclosed & open trailers, a dozen ladders, generators, air compressors, scaffolding and planks, woodshop equipment, hand tools, and a whole host of other equipment. Seller requires buyer to be prequalified prior to showings. The land is 3.56 acres in a nice rural setting zone commercial improved. The seller heats the main office and woodshop with wood (approx 5 cords per winter) with a propane furnace for backup. Recent upgrade to all main building lighting with LED bulbs. Seller has a complete list of equipment included for serious buyers. Security system in place by seller. Main woodshop is 36x60 with a 16x32 office addition on the front. The back has a 10x34 wood shed. The pole building warehouse is 32x44 clear span with large sliding barn doors and electric. The 24x70 lean-to shed has a high roof and is open on the front for easier access. An older semi trailer serves as bonus storage space.
Chassell is located in Michigan. Chassell, Michigan has a population of 857. Chassell is less family-centric than the surrounding county with 26.04% of the households containing married families with children. The county average for households married with children is 30.83%.
The median household income in Chassell, Michigan is $51,827. The median household income for the surrounding county is $48,623 compared to the national median of $69,021. The median age of people living in Chassell is 38.1 years.
The average high temperature in July is 75.7 degrees, with an average low temperature in January of 6.9 degrees. The average rainfall is approximately 31.9 inches per year, with 200.3 inches of snow per year.
