About This Home

This 0-bedroom, 0-bathroom commercial at 205 Fifth Street in Calumet, MI is listed for $499,900 ($166 per sqft). Built in 1890, the home offers 3,010 sqft of living space on a 0.07 acres lot.

Key Features

  • Built in 1890
  • 0.07 acre lot

Property Details

1890
Listing Description

Calling all investors and business owners! This 1890 mixed-use building in historic downtown Calumet offers four units, including two commercial storefronts, a main-floor one-bedroom apartment, and an upper-level two-bedroom apartment. Located on Fifth Street, the building offers excellent Main Street visibility with sidewalk frontage and large display windows, plus off-street parking and alley access at the rear.

The 207 Fifth Street commercial unit features hardwood floors in the front showroom, tin-style ceilings, large display windows, and a reception counter. Additional space down the hall includes private offices or rooms, a kitchenette, bathroom, and rear entrance.

Both apartments have been completely updated! The upper-level two-bedroom apartment features an open-concept kitchen and living area with shaker-style cabinetry, stainless steel appliances, recessed lighting, and wood-look flooring. The main-floor one-bedroom apartment offers a spacious living area, updated kitchen with stainless steel appliances and plenty of counter space, and a generously sized bedroom.

Both apartments also feature updated bathrooms. Major improvements to the building include new LP SmartSide siding, windows, exterior doors, rear stairs, sprinkler system, electrical service, two new furnaces, and new water and sewer lines from the alley.

Separate utilities for all four units add to the investment appeal! Downtown Calumet is rich in Copper Country history, with shops, restaurants, and local attractions just steps away. Whether you're looking to operate your own business, live on-site, generate rental income, or expand your investment portfolio, this property offers plenty of possibilities! Seller financing of up to 20% of the purchase price may be available, subject to buyer qualification, lender approval, and mutually acceptable terms.

Monthly Cost Estimate

$2,674/mo

20% down · 6.5% · 30 years

Principal$362
Interest$2,166
Insurance$146

Estimates only. Actual payments may vary.

Location

205 Fifth Street

Calumet, MI 49913

Village/Calumet

Property Details

Parking

Off Street

Heating

Electric (Heating)Forced Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 205 Fifth Street is listed at $499,900 ($166/sqft). The estimated monthly payment is $2,674 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1890, 0.07 acre lot.

This property is listed by MARK HEINONEN.

MH

MARK HEINONEN

Agent at COLDWELL BANKER SCHMIDT REALTORS

Listed by COLDWELL BANKER SCHMIDT REALTORS · Broker phone: 906 2255992

MLS# 50225572· Source: Upper Peninsula Association of Realtors· 10 days on PropertySimple

Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

205 Fifth Street, Calumet, MI 49913

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