321 Fair Street Marenisco, MI ^$ 198,500

321 Fair Street

^$ 198,500

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321 Fair Street

Marenisco, MI, 49947

^$ 198,500

Studio Baths0.0 Sq 2,772

Monthly Estimate*

^$ 1,387

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Studio

Commercial Property for sale in Marenisco, MI

for $198,500. This 2,772 square foot building was built in 2010 on a lot size of 0.35.

MARENISCO-BEAUTIFUL YEAR-ROUND RESTAURANT/LAUNDROMAT located in the Western Upper Peninsula right on Trail 2 and M-64, with endless possibilities! The laundromat is currently opened 24/7 and brings in a nice extra income, not to mention the restaurant that you can easily serve breakfast, lunch, and dinner! This building was built in 2010 and comes with 2 lots, which also could be turned into a snowmobile lodge with a large commercial kitchen with walk in coolers. The dining room currently can seat 50 and has very unique woodwork on the exterior and interior of the business. It comes with an extra 16 x 16 bonus room with a separate entrance to be used as office space or living quarters. Recently updated furnace and fire suppression system. Only 11 miles from beautiful Lake Gogebic and close to the Wisconsin border.

Commercial Active

Price

^$ 198,500

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 3,299

Style

Commercial/Industrial

Lot Size

0.35

Year Built

2010

Town/City

Marenisco

County/Region

Gogebic

MLS | Web ID

50132021

Features

General

Heating Forced Air

Cooling Ceiling Fan(s) Central A/C

Roof Asphalt

Zoning See Township

Water Public Water

Status Active Active

Year Built 2010

Parking 11-20 Spaces

Water Heater Gas

County Gogebic

Class COM/IND/BUS OPP

Type Commercial/Industrial

Business Type Restaurant/Laundromat/Bar

Business Name Earla's

Percent Ownership Private

Municipality Marenisco Twp

Commercial Features 220 Volt Power Cable Internet Installed Cable TV Available Cafe/Kitchen Fixtures Restroom(s)

Area Marenisco Twp (27008)

Directions US 2 East to Marenisco turn South on M64 which turns into Fair Ave. Continue on Fair Ave. to restaurant/laundromat located on the right-side of street.

City Marenisco

Street Name Fair

Financial Terms Cash Commercial Loan

Legal Description Sec 16 T46N R43W Map No. P46-1 & 2 12 Lot 1 & 2 Blk 12 of C S Curtis Addition to Village of Marenisco Sub of Blks A & B. 308/795 347/979 363/504 442/660 452/214 513/971

DOM 91

Price Per Sq Ft 71.61

Coming Soon MARENISCO-BEAUTIFUL YEAR-ROUND RESTAURANT/LAUNDROMAT located in the Western Upper Peninsula right on Trail 2 and M-64

Exterior

Exterior Wood

Frontage 120

Lot Size Area 0.35

Lot Dimensions 60x130 60x122

Water Features None

Roads City/County Class A Paved Street Year Round

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

KAREN GULLAN

Listing Agent

Northern Trails Realty

Broker

karengullan906@gmail.com

Affordability Calculator

$1,661

Per Month

Monthly Principal & Interest: $1,387
Monthly Property Taxes: $275
Monthly Home Insurance: --

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Yearly 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.

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Nearby

Trends
Schools

Commerical listings in Marenisco, MI

Average List Price ^$181,750

Percent of Sale Price 8%

About Marenisco, MI

224 Population

4% Since 2002

^$48,413 Median Income

55.45 Median Age

11% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

Pricing History

Date	Price	Price Change	Description
1/24/2024	$198,500		Listed Price

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321 Fair Street, Marenisco, MI, 49947 is a Commercial Property for sale at $198,500 with 2,772 sqft and a lot size of 0.35. 321 Fair Street is a studio with 0.0 baths and was built in 2010. The property's zip code is 49947 which is in Marenisco, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

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321 Fair Street

Commercial Property for sale in Marenisco, MI

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