533 River Street
Ontonagon, MI, 49953 $ 400,000
Baths0.0 Sq 4,180 Monthly Estimate*
$ 2,794
Studio
for $400,000. This 4,180 square foot building was built in 1940 on a lot size of 1.
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!
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FeaturesGeneralHeating Boiler Hot Water
Cooling Ceiling Fan(s) Central A/C
Roof Flat Rubber
Exterior Features Deck/Patio Fence Owned
Water Public Water
Status Active Active
Year Built 1940
Parking 3-5 Spaces Municipal On Site
Water Heater Gas
County Ontonagon
Township Ontonagon Township
Class COM/IND/BUS OPP
Type Commercial/Industrial
Percent Ownership Other/See Remarks
Municipality Ontonagon
Zoning Commercial
Subdivision MI
Flood Insurance Unknown
Commercial Features 220 Volt Power Additional Bldg(s) Brick Floor Cable Internet Installed Clear Span Display Window Fence Fixtures Living Quarters Living Quarters Attached Outbuilding(s) Outside Storage Restroom(s)
Area Ontonagon (66015)
Primary City Ontonagon
Location Corner Lot Main Street
Directions Corner of River St and Houghton St
City Ontonagon
Street Name River
Financial Terms Cash Conventional
Legal Description Lot 6 and W'rly 6 ft of the westerly 271/2 ft of the lot 7 and the south 1/2 of vacated alley all in block 6 of original plat of Village of Ontonagon.
DOM 15
Postal Code 49953
Price Per Sq Ft 95.69
Coming Soon INCOMPARABLE River Street home and business! - ONTONAGON'S MOST COVETED ADDRESS! Located on the village's busiest corner
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ExteriorExterior Brick Brick Front Other
Flood Plan Unknown
Lot Size Area 1
Lot Dimensions 79x75
Well/Septic Inspection Done No
Water Features None
Roads City/County Class A Curbed Paved Street Year Round
Waterfront Y/N No
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InteriorCeiling Height Less than 16 Ft.
Fuel Type Natural Gas
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* Excluded FeaturesList ByGERALD DOMITROVICHListing Agent
Domitrovich Realty, IncBroker
jddomit@jamadots.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,794
- Monthly Property Taxes
- $499
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Ontonagon, MI
Average List Price $192,250
Percent of Sale Price 52%
About Ontonagon, MI 1,468 Population
-19% Since 2002
$ 30,894 Median Income
53.29 Median Age
14% Households with Children
Trends Information provided by ATTOM Data Solutions.
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/15/2024 | $400,000 | | Listed Price |