MI > L'anse > Mi
L'anse, MI 49946,102 N Main Street
L'anse, MI 49946,102 N Main Street
L'anse, MI 49946,102 N Main Street
L'anse, MI 49946,102 N Main Street
L'anse, MI 49946,102 N Main Street
L'anse, MI 49946,102 N Main Street
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Jeff Rising

Jeff Rising

+1(517) 605-1286
$ 359,000
Est. payment | /mo

7,828 SqFt

Save
$ 359,000
Est. payment | /mo
Save

7,828 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 7,828 sqft

Price per Sqft $45

Subdivision Mi

MLS Listing ID 50145456

Year Built 1853

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 4125

Property Description

Located at 102 N Main St, L’Anse, MI, 49946, The Village Gift Store is a charming & profitable gift shop with a coffee/smoothie bar & community lending library, nestled in the heart of downtown L’Anse. Established in 2019, this business enjoys a prime location with high visibility on Main Street, just steps away from the scenic Keweenaw Bay. The property includes 2,576 sq ft on the main floor, dedicated to retail space, a spacious basement with egress windows for potential future living space & a second floor with three 2-bedroom apartments with lake views. Built 1853, the building has been significantly renovated, including original hardwood floors, a new roof membrane (installed 8 years ago), new cabinets, countertops & new windows on the second story. The profitable business offers turn-key opportunity with all displays, shelving & real estate included in the asking price. The gift store has been open for 7 years this fall & draws customers from the entire U.P. as well as Wisconsin, Minnesota & Illinois. There are currently 38 independent artists who share the space through a unique business model that runs itself by using the artists to run the register. The only paid person who is the barista at the beverage counter. The inventory is provided by the artists who share the space, each paying $1 a day rent + 10% - 30% commission. This business model is so unique, it has been documented in a case study by Ferris State University as part of a curriculum teaching about low budget alternative business startups. The gift store was previously operated by the owners and their two daughters, indicating a smooth transition for new proprietors. The market sees a busy season through New Year's, a slight slowdown in early spring & heavy tourist traffic in Summer & Fall. There are significant growth opportunities, especially with the potential rental income from the apartments & the conversion possibilities for the basement. The gift store benefits from a walk-through connection to Café L’Anse, which the owners created as an extension of their business model. Customers flow freely between the businesses, grabbing a bite to eat in the cafe, wandering through the gift store to the beverage counter for a cappuccino & shopping while they wait for their drink. They often linger or meet with friends in the lending library/coffee lounge, which seats 36 people. The businesses are both for sale, and the owners will sell them together for $599,000. The owners are relocating, creating a unique opportunity for a new proprietor to take over this well-maintained & strategically located business. With its prime downtown location, proximity to Keweenaw Bay & the blend of historical charm & modern renovations, The Village Gift Store stands out as a rare & valuable investment. No outstanding debts or liabilities.

Location

State MI

County Baraga

Area L'Anse (07008)

Zoning Mixed Use,Multi-Family,Commercial

Interior

Heating Forced Air

Cooling Ceiling Fan(s), HVAC

Exterior

Garage 2 Spaces, Municipal, Off Street

Waterfront No

Roof Type Flat,Rubber

Building

Lot Description Downtown Dev Authority

Foundation Basement, Slab

Water Public Water

Structure Type Aluminum,Brick,Steel,Wood

Others

Ownership Private

SqFt Source Public Records

Energy Description Natural Gas

Financing Cash,Commercial Loan,Conventional,Conventional Blend

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by KEY REALTY ONE
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(517) 605-1286

jeff@therisingteam.com

105 E Maumee St, Adrian, MI, 49221, USA

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102 N Main Street