515 E Prospect Street Munising, MI ^$ 85,000

515 E Prospect Street

^$ 85,000

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515 E Prospect Street

Munising, MI, 49862

^$ 85,000

Bedrooms3 Baths2.0 Sq 1,076

Monthly Estimate*

^$ 530

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Single Family Home for sale in Munising, MI

for $85,000 with 3 bedrooms and 2 full baths. This 1,076 square foot home was built in 1940 on a lot size of 0.25.

Located on a spacious 2.5-lot parcel in downtown Munising, this 3-bedroom, 2-bath home offers comfort, convenience, and room to grow. Enjoy a new roof (2024), newer washer and dryer, and an oversized garage tucked into the generous side yardâperfect for storage, parking, or projects. Just steps from shops, dining, and Lake Superior, this property is a rare blend of space, location, and long-term potential.

Single Family Active

Price

^$ 85,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 2,016

Style

Traditional

Lot Size

0.25

Year Built

1940

Town/City

Munising

County/Region

Alger

MLS | Web ID

50187470

Features

Interior

Interior Amenities None (InteriorFeatures)

Dining Room Level Main

Basement None (Basement)

Bedroom 3 Level Second

Bedroom 1 Level Main

Bedroom 2 Level Second

Beds 3

Fireplace? No

Bath Descriptions Not Applicable

General

Heating Space Heater

Kitchen Level Main

Cooling Ceiling Fan(s)

Possession At Close

Garage Detached Garage

Zoning Residential One R1 Residential

Water Public Water

Appliances Dryer Range/Oven Refrigerator Washer

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1940

Subdivision Island View Add MI

Water Heater Gas

Style Traditional

County Alger

Class RESIDENTIAL

Type Single Family

Ownership Private

Municipality Munising

New Construction Y/N No

Sale/Rent For Sale

Status Detail 0

Utilities Cable Available Electricity Connected Natural Gas Connected Phone Available Sewer Connected Water Connected

Structure Style 1 1/2 Story

Area Munising (02012)

Primary City Munising

Directions M28 to downtown Munising Turn Left onto Brook St then Right onto prospect St. Property on the Right.

City Munising

School District Munising Public Schools

Financial Terms Cash Conventional

Legal Description ISLAND VIEW ADDITION E 1/2 OF LOT 92 & ALL LOTS 93 & 94

DOM 96

Postal Code 49862

Price Per Sq Ft Total AG 79

Public Remarks Located on a spacious 2.5-lot parcel in downtown Munising this 3-bedroom 2-bath home offers comfort convenience and room to grow. Enjoy a new roof (2024) newer washer and dryer

Exterior

Exterior Hard Board

Exterior Amenities None (ExteriorFeatures)

Frontage 83

Lot Size Area 0.25

Pool (Y/N) No

Lot Dimensions 99x130

OUT BUILDINGS None (OtherStructures)

Water Features None

Roads City/County Paved Street Year Round

Waterfront Y/N No

Frontage Type Road

* Excluded Features

List By

AMY SCHIEDING

Listing Agent

Re/Max Superiorland

Broker

amys@remax.net

Affordability Calculator

$698

Per Month

Monthly Principal & Interest: $530
Monthly Property Taxes: $168
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% 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

Single family listings in Munising, MI

Average List Price ^$328,377

Percent of Sale Price 286%

About Munising, MI

2,440 Population

-7% Since 2002

^$38,907 Median Income

50.71 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3701277 Elementary School

3701281 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/15/2025	$85,000	-10.53%	Price Down
9/5/2025	$95,000		Listed Price

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515 E Prospect Street, Munising, MI, 49862 is a Single Family Home for sale at $85,000 with 1,076 sqft and a lot size of 0.25. 515 E Prospect Street has 3 bedrooms, 2.0 baths, and was built in 1940. The property's zip code is 49862 which is in Munising, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% 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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515 E Prospect Street

Single Family Home for sale in Munising, MI

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