205 5th St, Calumet MI49 photos
205 5th St, Calumet MI, photo 2
205 5th St, Calumet MI, photo 3
205 5th St, Calumet MI, photo 4
205 5th St, Calumet MI, photo 5
205 5th St, Calumet MI, photo 6
205 5th St, Calumet MI, photo 7
205 5th St, Calumet MI, photo 8
205 5th St, Calumet MI, photo 9
205 5th St, Calumet MI, photo 10
205 5th St, Calumet MI, photo 11
205 5th St, Calumet MI, photo 12
205 5th St, Calumet MI, photo 13
Owner finance

$499,900

205 5th St

Calumet, MI 49913

Beds3
Baths4
Sq ft3,010
Year built1890
Listed by

MARK HEINONEN, COLDWELL BANKER SCHMIDT REALTORS · (906) 299-2350

What the listing says

Calling all investors and business owners! This 1890 mixed use building in the heart of historic downtown Calumet offers four units, with two commercial storefronts and a one bedroom apartment on the main level and a two bedroom apartment on the upper level above one of the storefronts. With a prime location on Fifth Street, sidewalk frontage, and large display windows, the visibility is hard to beat! The rear of the building offers off street parking and alley access. The 207 Fifth Street Unit features hardwood floors in the front showroom, tin style ceilings, display windows, and a reception counter. Down the hall are private offices or rooms, a kitchenette, a bathroom, and rear access. Both apartments have been completely updated! The upstairs two bedroom unit offers an open concept kitchen and living area with an exposed timber post, shaker style cabinets, stainless steel appliances, recessed lighting, and wood look flooring. The main level one bedroom unit has a great kitchen with stainless steel appliances and plenty of counter space, a spacious living area, and a nice sized bedroom. Both units have updated bathrooms. The exterior has been updated with new siding / trim, and new rear stairs, and the building also has a new sprinkler system, new electrical, two new furnaces, a new water line from the alley, a new sewer drain line to the alley, and separate utilities for all four units, making this a truly turn key property! Downtown Calumet is the heart of the Keweenaw s Copper Country history, with shops, restaurants, and attractions just steps away. Whether you want to operate your own business, live on site, or add to your portfolio, this is an opportunity you do not want to miss! Seller financing of up to 20% of the purchase price may be available, subject to buyer qualification, lender approval and mutually acceptable terms.

See the original listing ↗

This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.

Property Details

Property Type

Multi-Family

HOA

None

More owner-financed homes near Calumet

Questions about owner financing in Calumet

What is owner financing for 205 5th St?

Owner financing means the seller of 205 5th St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Calumet, MI home mentions owner financing; confirm it with the seller.

Do I need good credit for owner financing?

There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.

How much is the down payment for this Calumet home?

There is no standard down payment. The seller of this Calumet home sets their own, and it is negotiable. Ask the seller or their agent.

Keeps it in your Saved list.