949 1St St Menominee, MI 49858

This exceptional 2,250 square foot industrial building, situated on a 0.06-acre lot at 949 1st Street in Menominee, Michigan's vibrant downtown, presents a compelling investment opportunity. Currently configured as a mixed-use space, the building boasts a rich history and benefits from its location directly across from a bustling marina. The first floor, previously used for professional office or retail purposes, offers ample space for various commercial ventures. The upper levels, including a third floor, provide significant potential for conversion into residential units, expanding the property's income streams. The building's interior features include two kitchens, two bathrooms, numerous office spaces, conference rooms, lobbies, walk-in vaults, and a walk-in attic. Modern updates include a recently installed furnace and central air conditioning, with the potential for a sprinkler system already in place. Convenient parking is available directly in front of the building, supplemented by city-owned parking at the rear. A full basement, featuring high ceilings and multiple rooms, adds considerable versatility. This property is located within Menominee City's historic downtown district, opening doors to various redevelopment incentives and programs. The motivated seller makes this a truly unique opportunity with endless possibilities for a savvy investor.