Brad Glowe - Arterra Realty Logo
$229,900
( $60.95Per Sq Foot )
 $1,234 est/mo Sourced by Back At You

137 Lake Linden Avenue,Laurium, MI 49913

Laurium, MI 49913

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Description

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!

Details

MLS #50215788
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusAccepting Backup Offers
Year1900
Days On Site90
Listing Provided ByCOLDWELL BANKER SCHMIDT REALTORS | CRAIG HEINONEN

Features

SQ Feet3,772
BasementY
ZoningCorridor Mixed-Use
Acreage0.28

Interior

Cooling Yes / NoYes
CoolingWall/Window Unit(s)
Heating Yes / NoYes
HeatingHot Water

Exterior

RoofShingle
Foundation DetailsBasement

Parking

Parking FeaturesOff Street

Utilities

UtilitiesCable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Other

List AorUpper Peninsula Assoc of Realtors

Area Information

StateMI
CountyHoughton
CityLaurium
Zip Code49913
AreaLaurium (31019)
Listing VS Median (in 49913)
Price:
$229,900
low | high
Med:
$179,450
71.944323618965% of Average
sqft:
3,772
low | high
Med:
1,467
100% of Average
$ / sqft:
$61
low | high
Med:
$124
53.074837207605% of Average
On site:
90
low | high
Med:
13.5
100% of Average
Sourced by Back At You

Market Activity 49913

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Learn More About This Property

Brad Glowe

Brad Glowe

Arterra

 (586) 651-0337brad.glowe@arterrarealty.com
StateMI
CountyHoughton
CityLaurium
Zip Code49913
AreaLaurium (31019)
Listing VS Median (in 49913)
Price:
$229,900
low | high
Med:
$179,450
71.944323618965% of Average
sqft:
3,772
low | high
Med:
1,467
100% of Average
$ / sqft:
$61
low | high
Med:
$124
53.074837207605% of Average
On site:
90
low | high
Med:
13.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $172K - $287K
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
137 Lake Linden Avenue Property Photo 1
$229,900
137 Lake Linden Avenue
Laurium, MI 49913
Listing Updated: September 29, 2026 at 5:17:55 AM PDT