201 State Street, Luther, MI 49656
Villiage of Luther · Lake County
Key Facts
Description
Discover the Northern Michigan lifestyle that continues to attract outdoor enthusiasts, entrepreneurs, and those seeking a true Up North escape. This distinctive rustic-chic commercial property combines character, versatility, and opportunity in a setting surrounded by some of the area’s best recreation. Perfect for business owners, entrepreneurs, or anyone seeking a unique live/work environment, this property offers 2,590 sq ft of living space with central air and is currently configured as a storefront with attached residential quarters. Inside showcases soaring grand ceilings and beautiful custom touches throughout, creating a warm and inviting atmosphere filled with Northern Michigan character. The open and flexible design blends comfort and function, making it ideal for full-time living, guest accommodations, or a creative mixed-use setup. The versatile layout creates endless possibilities. 2 loft-style bedrooms, 1 bathroom, and impressive 6+ car garage with abundant room for vehicles, workshop use, storage, or recreational equipment. Operate a business while living on-site, establish a destination storefront, create office or studio space, develop short-term rental opportunities, or transform the property into a remarkable custom residence. With generous square footage and multiple-use potential, this property offers the rare combination of commercial functionality and comfortable residential living. Conveniently located within walking distance to restaurants, property also provides outstanding access to year-round recreation. Ride your recreational vehicle directly from the property to nearby ATV, SxS, trail systems and enjoy Northern Michigan adventures right from your own driveway! Hunting, fishing, hiking, and endless outdoor opportunities all close by! Business opportunity, investment property, recreational retreat, or an unforgettable place to live and work, this unique Northern Michigan property offers exceptional potential!
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1900
Living Area
2,590 sq ft
Lot Size
0.10 acres
Lot Dimensions
158 X 27
Days on Market
20
MLS® Listing#
1945600
Property Features
Cooling
Heating
Parking
Lot Features
Construction
Foundation
Roof
Security
Sewer
Water Source
Financial Details
HOA
Yes
Assessed Value
$33,600
Parcel Number
43-113-008-00
Directions
From US-131, take Exit 162 for Luther / Le Roy (14 Mile Road). Turn west onto 14 Mile Rd / Luther Rd to Luther. Stay on this road for approximately 12 mins / 10 miles. As you come into town home / business is on the left. GPS - Rustic Lilly, Luther
Affordability Calculator
$49,200
Estimated monthly payment
$1,309/mo
Principal $196,800 · Est. interest $274,554 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Luther, MI
- $225,000
- Median Listing Price
- 59
- Median Days on Market
- 1,425
- Median Sq Ft
- $134
- Median Price / Sq Ft
- 28
- Active Listings
- This home’s price is 9% above the area median.
- Its price per sq ft is 29% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Luther, MI.
Location
Points of Interest in Luther, MI
Showing the Luther area map.
Nearby Schools
Pine River Area Schools
Secondary · 9.9 mi away
Pine River Elementary School
Elementary · 11.2 mi away
Pine River Preschools
School · 12.0 mi away
Baldwin Community Schools
Secondary · 13.4 mi away
Forest View Elementary School
Elementary · 14.0 mi away
GT Norman Elementary School
Elementary · 14.1 mi away
Reed City Area Public Schools
School · 14.2 mi away
Trinity Lutheran School
School · 14.4 mi away
Reed City High School
Secondary · 14.5 mi away
Reed City Middle School
Secondary · 14.5 mi away
Trinity Lutheran Church
School · 15.2 mi away
Ashmun School at Eagle Village
School · 16.8 mi away
Mackinaw Trail Middle School
Secondary · 18.5 mi away
KENWOOD Elementary School
Elementary · 19.3 mi away
Cadillac Junior High School
Secondary · 19.9 mi away
Cadillac Area Public Schools
School · 20.3 mi away
Big Jackson Public School
Elementary · 20.4 mi away
Franklin Elementary School
Elementary · 20.7 mi away
Lincoln Elementary School
Elementary · 20.8 mi away
Northview Seventh-Day Adventist School
School · 21.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 10086 E Old M 63, Luther, MI | $179,900 | 3 | 3 | 1,450 |
| VL 3 Mile Road, Luther, MI | $180,000 | — | — | — |
| 408 Garfield Street, Luther, MI | $199,900 | 2 | 3 | 1,820 |
| 603 River Street, Luther, MI | $219,000 | 3 | 2 | 1,511 |
| 603 River Street, Luther Village, MI | $219,000 | 3 | 2 | 1,511 |
| 201 State Street, Luther, MI | $246,000 | 2 | 1 | 2,590 |
Moving Cost Estimate
EXIT Agents in Luther
Listing Courtesy: ERA Greater North Properties - Home: 231-388-2378