$379,000

Prominent commercial position at the US-41 and Palms Avenue roundabout with 288 feet of highway frontage and exposure to 19,300 vehicles per day! This 0.54-acre property sits along a major east-west transportation corridor across Michigan’s Upper Peninsula. This location is among a concentration of established national retailers and high-traffic restaurant brands, including Dollar General, McDonald’s, Pizza Hut, Taco Bell, Little Caesars, and Family Dollar. The roundabout location places the property directly within the flow of US-41 traffic, offering strong visibility for a business seeking a presence along this principal commercial route. The property includes two existing commercial buildings totaling approximately 4,152 square feet: a former gas station and automotive service facility and a former car wash. Former gas station will require extensive repair work. The paved lot encompasses approximately 11,000 square feet. Zoned General Commercial (GC) under the City of Ishpeming Zoning Ordinance, the property offers potential for a range of commercial uses. Permitted uses are outlined in Section 14.0, with setback requirements detailed in Section 19.0. Located in a Certified Redevelopment Ready Community, with potential TIF (Tax Increment Financing) grant opportunities available for qualifying projects. Reach out for additional questions or guidance here. Environmental Remediation: Five underground storage tank systems were removed in 2020, and approximately 232.5 tons of petroleum-contaminated soil were excavated and transported to a licensed landfill. Verification soil sampling found no petroleum volatile organic compounds or lead above applicable Part 213 risk-based screening levels. Groundwater monitoring conducted from 2020 through 2024 showed declining petroleum contaminant concentrations. Results from the final 2024 sampling event did not exceed the referenced risk-based screening levels or site-specific vapor intrusion criteria. In its September 23, 2024 peer review, EGLE concurred with the recommendation to record an Approved Project Completion (APC) designation. Review the environmental records through the Michigan EGLE RIDE facility database. https://www.egle.state.mi.us/RIDE/inventory-of-facilities/facilities/00010178 Building condition, functionality, and suitability for a buyer’s intended use are to be independently evaluated. Buyer is responsible for independently verifying all property boundaries, frontage, dimensions, acreage, building measurements, zoning, permitted uses, traffic counts, and other property information. Year built is unknown. This information has been secured from sources we believe to be reliable. We make no representation or warranties, expressed or implied, as to the accuracy of the information. Buyer and their agent must verify the information and bear all risk for inaccuracies.