About This Home

This 3-bedroom, 4-bathroom residential multi family 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
  • 2 stories

Property Details

2 stories
2 full, 2 half
1890
Listing Description

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 fur

naces, 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.

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

Features & Amenities

Interior Features

Hardwood FloorsFire SprinklerWalk-In Closet

Exterior Features

SidewalksStreet Lights

Property Details

Parking

On Street

Heating

Electric (Heating)Forced Air

Appliances

DishwasherDryerMicrowaveRange/OvenRefrigeratorWasher

Questions & Answers

This 3-bedroom, 4-bathroom residential multi family 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, 2 stories. Interior Features: Hardwood Floors, Fire Sprinkler, Walk-In Closet. Exterior Features: Sidewalks, Street Lights.

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 · View on Broker Site

MLS# 50225549· Source: Upper Peninsula Association of Realtors· 8 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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