For sale
$425,000
Multifamily property
5,160 SF building0.1 acres lot
$82/SF (asking price ÷ building area)
7430 AlaskaDetroit, MI 48204
Listing courtesy of RE/MAX Connection - Detroit · MyStateMLS #11898263
For sale
$610,000
8,184 SF building1.03 acre lot
42280 Willson Memorial DriveChassell, MI 49916
Multifamily property (from the listing description) · MLS 11793137 · Listed 161 days ago (May 27, 2026)
Active: Listed and available according to the MyStateMLS feed.
About this property
BUSINESS/LIFESTYLE OPPORTUNITY! This Upper Peninsula business opportunity is located in Chassell, a small community in Houghton County, Michigan. This village is situated on Pike Bay, an inlet of Portage Lake near the mouth of the Sturgeon River. It sits on the southeastern side of the Keweenaw Peninsula, often referred to as the ""Copper Country."" - The Chippewa Apartments, a 10-unit multifamily property situated directly on US-41, is ideally positioned just 7.6 miles from the vibrant city of Houghton-home to Michigan Technological University. It offers an exceptional combination of income potential and outdoor lifestyle appeal. - Originally constructed in 1950 and thoughtfully converted from a motel into apartment units between 2010-2011, the property features a mix of studio, one-bedroom, and two-bedroom units with updated interiors, energy star appliances, modernized mechanical systems, tenant-controlled HVAC, coin laundry, extensive parking, a sprinkler system, and a smoke-free environment. One Unit is Wheelchair accessible. Renovations included updated insulation, drywall, flooring, windows, roofing, boiler systems, soffits, fascia, and more. - Outdoor enthusiasts will appreciate immediate access to hiking, biking, snowmobiling, skiing, boating, kayaking, fishing, and countless recreational opportunities that make the Keweenaw region such a sought-after destination. Scenic waterfront surroundings and nearby trail access create strong long-term rental appeal for students, professionals, outdoor enthusiasts, and year-round residents alike. - The property sits adjacent to Chassell Centennial Park and offers beautiful views toward Pike Bay and Portage Lake - an area known for boating, waterfront recreation, and scenic beauty throughout all four seasons. Winter recreation opportunities abound with nearby ski areas, snowmobile trail systems, and ice fishing destinations, while summer brings biking, paddling, hiking, and access to Lake Superior adventures throughout the Keweenaw Peninsula. - Set on approximately 1.03 acres with approximately 8,184 square feet of living space, Chippewa Apartments represents a stabilized multifamily rental opportunity in a limited-inventory rental market with long-term upside potential. Its combination of location, recreational surroundings, parking, and renovation history creates a compelling opportunity for buyers seeking dependable Upper Peninsula real estate with strong lifestyle appeal. - Additional Information Is Available By Request - Contact Us For Your Private Showing Today!
Description provided by the listing brokerage.
Key facts
- Asking price
- $610,000
- Status
- For sale
- Property type
- MultifamilyFrom the listing description
- Building area
- 8,184 SFSource field LivingArea
- Land area
- 1.03 acresSource field LotSizeAcres
- MLS number
- 11793137
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $610,000
- Price per SF of building
- $75/SFAsking price ÷ 8,184 SF reported building area
Building and site
- County
- Houghton County
Reported features
- Sprinkler system (from the description)“…laundry, extensive parking, a sprinkler system, and a smoke-free environment…”
A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Chassell or multifamily property in Chassell.
Why this listing is on Commercial Only
- Property type as the listing describes it. (description: "10 unit apartment complex in chassell mi 50209111")
- MLS property class detail. (PropertyTypeDetail: commercial)
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Price and status history
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
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Guides
Listing courtesy of Great Lakes & Land Real Estate. Listing agent: Timothy Keohane. Co-listing agent: Donald Weaver. Listings provided by MyStateMLS.
Listing last modified at the source Nov 4, 2026, 12:25 AM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 9:30 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.