Introducing a fantastic 6-unit multi-family/commercial property in the bustling heart of Laurium, presenting an incredible investment opportunity! This versatile property is perfectly situated on a busy street, offering outstanding visibility for potential businesses such as a storefront, laundromat, or countless other possibilities. The building features a harmonious blend of residential and commercial potential, ensuring a constant stream of income. The residential component of this property consists of five apartments, four of which boast one bedroom and one bathroom, while the fifth unit offers a more spacious two-bedroom layout. Each unit is designed for comfortable living with functional floor plans. Adding to the property's desirability is the convenient on-site laundry room, providing a valuable amenity to the tenants and contributing to a hassle-free living experience. Capitalizing on its prime location, this Laurium property presents a fantastic opportunity for a savvy investor looking to diversify their portfolio or an entrepreneur seeking a high-traffic location to establish a thriving business such as a laundromat. Don't miss out on the potential that this 6-unit multi-family/commercial property has to offer! Explore the possibilities and seize the opportunity to invest in this piece of Laurium today!
This very spacious and well-maintained building can be the beginning of many great ideas for maximizing the potential............can be converted to residential housing......combine with business operations.......all contingent upon permitting for the desired use........your ideas and subsequent projects can be unlimited......there are a lot of contents...furnishings that can be utilized...there are designated kitchen area established, making so many potential uses very possible... dream it.... plan it.........do it.............the area continues to grow......and you can contribute to that with your future planning... .
Take your business to the next level! This is prime commercial/business space in the village of Laurium. The building is solid and positioned in a highly traveled location. The main commercial/business area is 41' X 40', with 3/4" OSB subfloor and a new drop ceiling. 12 years ago a new rubber membrane roof was installed. The slope of the roof carries the runoff to the back of the building where the two drain pipes are located. 200 amp service for power to your enterprise and the building is well insulated to make it easier on your utilities. There is plenty of storage on both the main floor and basement, which is 63' long! The building has been used for storage and a shop recently. In the past, it was a well known grocery store. Come and check out the possibilities of this very reasonably priced commercial/business opportunity! The building will need a new furnace and water heater. The water has been turned off for about 10 years. Taxes will not be zero and may change after the sale of the building.
Laurium is located in Michigan. Laurium, Michigan has a population of 1,860. Laurium is more family-centric than the surrounding county with 32.53% of the households containing married families with children. The county average for households married with children is 30.83%.
The median household income in Laurium, Michigan is $38,333. 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 Laurium is 38.4 years.
The average high temperature in July is 75.6 degrees, with an average low temperature in January of 6.6 degrees. The average rainfall is approximately 31.4 inches per year, with 207.6 inches of snow per year.
