533 River Street $400,000

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    533 River Street Ontonagon, MI 49953

    • 4,180 sq. ft.
    • 1.00 Acres
    • Commercial
    • MLS# 50138677
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    Views: 14 Days On Site: 20

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    Property Details

    INCOMPARABLE River Street home and business! - ONTONAGON'S MOST COVETED ADDRESS! Located on the village's busiest corner, complete with a patio illuminated by gas lanterns! This jewel box is the culmination of a total renovation and expansion, designed to catch the eye of all! Refurbished with the finest materials and thoughtful attention to every detail, this is the perfect turnkey location for building your dream business, and it is ready for your personal touches. Features include 100+ year old locally harvested thin plank maple flooring on the shop level, antique tobacco barn oak hardwood flooring on the shop's platform area, rich custom antique stonework, rustic wood, gas fireplace, and colorful mural canvas wallpaper, this shop is designed to stun. The upstairs 2-bedroom condominium is first-rate, featuring engineered wide plank hickory floors, electrically heated Travertine tile, custom cherry cabinetry, and premium Bosch appliances. A chair lift connects the lower and upper levels of the building making the upstairs fully handicap accessible. The building has undergone a near complete restoration over the past 10 years, with new electrical, HVAC, spray foam insulation, exterior siding, windows and structural updating. Currently configured as a coffee roastery, coffee shop, bar and liquor store, this property lends itself well to a variety of commercial applications. A full liquor license is available for purchase (for this property only), at additional cost, subject to State of Michigan restrictions, and equipment/furnishings can be negotiated into the sale. Further information is available upon request. There is no way to describe the beauty in this property, it must be experienced firsthand, and it's safe to say, there will never be another property like this one. Come and see it today!

    • General Features
      • Acreage 1
      • Area Municipality Ontonagon (66015)
      • County Ontonagon
      • Originating MLS Upper Peninsula Assoc of Realtors
      • Ownership Other/See Remarks
      • Total SqFt Finished 4180
      • Waterfront Y/N No
      • Year Built 1940
      • ZONING Commercial
    • Building Features
      • Cooling System Ceiling Fan(s), Central A/C
      • Exterior Construction Brick, Brick Front, Other
      • Exterior Features Deck/Patio
      • Foundation Type Basement
      • Heating System Boiler, Hot Water
      • FUEL TYPE Natural Gas
      • Roofing Flat, Rubber
    • Property Features
      • Water Public Water
      • Water Features None
      • PARKING 3-5 Spaces,Municipal,On Site
      • Lot Size 79x75
      • Roads City/County, Class A, Curbed, Paved Street
      • Sewer Septic Community, Public Sanitary

    Contact

    Kimberly Altenritter

    Kimberly Altenritter

    Realtor

    RE/MAX Select

    Direct: 810-600-1063

    Neighborhood

    49953 (Ontonagon) Demographics

    60 Median Age
    5 Population Density (per sq. mile)
    30% College Educated
    $42,330 Estimated Median Income
    937 Estimated Total Home Owners
    194 Estimated Total Renters
    83% / 17% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    2,212 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    6 New On Market

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        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $400,000
        4/15/2024 10:21:00 AM New in Database Source: Multiple Listing Service New Value: $400,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.