242 1st Street

About This Property

Charming Residential Property with Commercial Opportunity in Copper Harbor! Discover the perfect blend of cozy living and business opportunity in this beloved gift and memorabilia shop, nestled in the heart of Copper Harbor. This property has a warm and inviting atmosphere with some tongue and groove walls, some hardwood floors and flexible living and business spaces. Attached to the retail space, the living quarters offer a seamless yet private transition with a fenced-in porch/deck and yard area. The main floor features an open-concept living, kitchen, and dining area, along with a versatile den that could serve as a fourth bedroom. Upstairs, you'll find three comfortable bedrooms and a full bathroom, providing ample space for family living. Additionally, the property includes a workshop/storage building (792+/- square feet) in the side yard, perfect for hobbies or additional storage. Off-street parking is available for both residents and customers. If you don't need the living quarters for yourself, consider the potential for rental income (subject to buyer verification with township/county ordinances), an additional complementary business, or expanding the retail space. The property also comes equipped with a Generac generator (2021) for added convenience. Copper Harbor is a charming town that attracts many visitors with its bike and recreational trails, access to Isle Royale, and abundant natural beauty. This property offers a unique opportunity to enjoy a quaint residential lifestyle while continuing the long standing favorite store and possibly exploring additional commercial possibilities. --- NOTICE: All information believed accurate but not warranted. Buyer recommended to inspect & verify all aspects of the property & bears all risks for any inaccuracies including but not limited to estimated acreage, lot location/size, square footage, utilities (availability & costs associated). Real estate taxes are subject to change (possibly significant) & municipality reassessment after sale. Buyer should NOT assume that buyer’s tax bills will be similar to the seller’s current tax bills. Taxes are not zero. Audio/video recording devices may be present on property and entering the property shall be considered consent to be recorded. OFFERS: 72 hours response time requested on offers. Seller, at seller's sole discretion, with or without notice, reserves the right to set and/or modify offer submission & response deadlines. Heat/Cooling: Propane forced air is for the retail and main floor of living quarters. Electric Heat: 2nd story of living quarters. SHOWINGS BY APPOINTMENT ONLY: Please schedule showings to avoid distruption of business operations. Prequalified buyers only and non-disclosure agreement is required. Also listed as MLS 50187137