Live-Work Opportunity in Downtown Luther — Corner Lot Investment
Rare chance to own a versatile mixed-use property in the heart of Luther! This commercial building with on-site living quarters offers the perfect setup for an owner-operator, rental income, or a flexible live-work lifestyle. Positioned on a prominent corner lot, the property benefits from excellent visibility and easy access.
Recent improvements include a new seating patio, limestone parking area, new gutters, and blown-in insulation for added efficiency and comfort. The residential 2 bedroom, 1 bathroom space provides convenient living accommodations, while the commercial area is ideal for retail, office, or service-based businesses. Attached 2 stall garage with 16’ ceilings offer adequate storage and parking space.
Whether you’re looking to run your business, expand your investment portfolio, or generate dual income streams, this property delivers location, functionality, and small-town charm all in one.
Luther is best known for its outdoor recreation and relaxed pace of life:
• Fishing, canoeing, and kayaking on nearby rivers and lakes
• ATV and snowmobile trails through surrounding forests
• Parks like Mill Pond Park for picnicking and community gatherings
Schedule your showing today and explore the possibilities!
For sale by owner
$250,000
201 State St, Luther, MI 49656
2beds
--sqft
Est.:
SingleFamily
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Limestone parking areaNew seating patioCorner lot
- 33 days |
- 579 |
- 22 |
Listed by:
Property Owner (231) 388-2760
Estimated market value
Not available
Estimated sales range
Not available
$1,205/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/1/2026 | Listed for sale | $250,000 |
Source: Owner Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$1,490/mo
Principal & interest
$1250
Property taxes
$240
More affordability tools
Climate risks
Neighborhood: 49656
Nearby schools
GreatSchools rating
- 6/10Pine River Middle SchoolGrades: 4-7Distance: 9.8 mi
- 5/10Pine River High SchoolGrades: 8-12Distance: 9.8 mi
- 6/10Leroy Elementary SchoolGrades: PK-3Distance: 11.2 mi
Local experts in 49656
- Michigan
- Lake County
- Luther
- 49656
- 201 State St




