Calumet, Michigan Commercial Real Estate 5 Listings

Calumet, Michigan: A Premier Destination for Commercial Real Estate

Introduction

Calumet, Michigan, nestled in the Upper Peninsula, offers a unique commercial real estate (CRE) landscape. Known for its historical significance and strategic location, Calumet is an emerging hub for industries such as tourism, manufacturing, and technology. Its rich heritage and evolving economy present diverse opportunities for real estate investors and developers.

Economic and Industry Overview

Calumet's economy is bolstered by several key industries, including tourism, manufacturing, and technology. The area's historical sites attract visitors year-round, driving demand for retail and hospitality properties. Meanwhile, the local manufacturing sector supports industrial space requirements, particularly for small to medium enterprises.

Local development agencies, such as the Keweenaw Economic Development Alliance, are active in promoting economic growth, offering incentives for businesses that drive demand for office and industrial properties.

Strategic Location and Transportation Infrastructure

Calumet's strategic position in Michigan's Upper Peninsula provides logistical advantages for businesses. Key transportation infrastructure includes:

Highways: U.S. Route 41 is the primary artery connecting Calumet to larger markets.
Airports: Nearby Houghton County Memorial Airport offers regional flights, enhancing business connectivity.
Ports and Rail: Proximity to Lake Superior provides potential for shipping and transport, though rail access is limited.

These transportation options facilitate efficient distribution and access to regional labor pools.

Commercial Real Estate Inventory & Zoning

Calumet's CRE landscape is diverse, comprising:

Submarkets: The downtown central business district (CBD) is prime for retail and office investment, while industrial corridors are located on the outskirts of town.
Asset Classes: Key property types include industrial, retail, and office spaces. There is also potential for medical and mixed-use developments.

Zoning regulations support development, with details available through the Village of Calumet Zoning Map.

Major Employers and Institutions

Calumet hosts several important employers and institutions driving CRE demand:

Michigan Technological University (located in nearby Houghton) influences the local economy and fosters innovation.
UP Health System provides healthcare services, creating demand for medical office space.
Calumet Electronics and other manufacturers are key industrial tenants.

For more information on local businesses, visit the Calumet Business Directory.

Notable Commercial Developments & Projects

Recent and ongoing projects enhance Calumet's CRE appeal:

Mixed-Use Developments: Initiatives to revitalize historic buildings into mixed-use spaces are underway.
Opportunity Zones: Parts of Calumet are designated as Opportunity Zones, offering tax incentives for investment.

For project specifics, consult the Calumet Planning Department.

Building Permits, Planning, and Development Tools

Access essential resources for development in Calumet:

Market Data & Economic Reports

Public data and reports provide insights into Calumet's CRE market:

Brevitas leverages AI to aggregate these insights, providing users with comprehensive market intelligence. Explore Brevitas for Calumet to access dashboards tailored for this city.

Calumet, Michigan Commercial Real Estate 5 Listings

Calumet, Michigan: A Premier Destination for Commercial Real Estate

Introduction

Economic and Industry Overview

Strategic Location and Transportation Infrastructure

Commercial Real Estate Inventory & Zoning

Major Employers and Institutions

Notable Commercial Developments & Projects

Building Permits, Planning, and Development Tools

Market Data & Economic Reports

Why Use Brevitas for Calumet, Michigan CRE?

54921 Us41

26205 Pine Street

56638 Calumet

300 Sixth

77 Brockway Ave

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Cities In Michigan