Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1822 Van Evera Ave Marquette, MI 49855

    Sponsored
    Picture of Residential land & home lots at Van Evera Ave 1822, Marquette, MI
    For Sale
    $109,900

    Vacant Land - Marquette, MI

    Lot size:
    0.13 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 1 at 3:06 am

    Property Features for 1822 Van Evera Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi-Family
    APN
    0460120
    Lot size
    0.13 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    CARRIE TORETTA-PARTELLO

    HANSON REALTY INC (715) 324-5868

    Listing agent CARRIE TORETTA-PARTELLO (906) 774-1300 License #6501298751

    Listing date Feb 26, 2026

    MLS# 50200239 Listing URL

    Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Vacant Land in Marquette, MI

    This vacant land, located in Marquette, MI, presents a prime building opportunity. The 0.13-acre lot was previously the site of a duplex with a history of rental occupancy. According to the owner, discussions with the city suggest that approval for constructing a duplex on the property is likely. The zoning is designated for multi-family use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marquette
    County
    Marquette
    State
    Michigan
    Longitude
    -87.40136
    Latitude
    46.562535

    Nearby Similar for Sale

    • $350,000
      2,408 SF

      Marquette Commercial Investment Opportunity

      Commercial office/retail building on US 41 Business Corridor.
      1104 Washington St, Marquette, MI 49855
      View Details
    • $624,900
      1,962 SF

      Commercial Building with Living Quarters

      Commercial building with living quarters in a prime location.
      521 W Washington St, Marquette, MI 49855
      View Details
    • $450,000
      2,512 SF

      Marquette Commercial Property with Apartment

      Versatile commercial property with residential opportunities and income potential.
      325 Erickson St, Marquette, MI 49855
      View Details
    • $347,000
      1,777 SF

      Marquette Duplex Near Downtown, NMU

      East side duplex near downtown, NMU, and Lake Superior.
      321 E Michigan St, Marquette, MI 49855
      View Details
    • $889,000
      3,456 SF

      Downtown Marquette Turnkey Business Opportunity

      Profitable coffee shop with two apartments in downtown Marquette.
      223 W Washington St, Marquette, MI 49855
      View Details
    • $569,000
      4,258 SF

      Marquette 5-Plex Income Opportunity

      Five-unit apartment building near downtown Marquette.
      421 N Front St, Marquette, MI 49855
      View Details
    • $369,900
      1,626 SF

      Marquette Mixed-Use Property on Acreage

      Mixed-use property on 1.07 acres, zoned for development.
      825 Brookton Rd, Marquette, MI 49855
      View Details
    • $1,000,000
      4,008 SF

      Prime Marquette Liquor Store Investment

      Turnkey Liquor Store, High Traffic Location
      700 Chippewa Sq, Marquette, MI 49855
      View Details
    • $1,850,000
      4,280 SF

      Marquette Restaurant & Bar for Sale

      Turnkey Restaurant, High Traffic Area
      1110 Champion St, Marquette, MI 49855
      View Details
    • $949,000
      13,000 SF

      Marquette Industrial Property - $949,000

      High-traffic US-41 location, 13,000 sq ft.
      4250 Us Highway 41, Marquette, MI 49855
      View Details
    • $3,900,000
      25,940 SF

      Marquette Auto Shop - $3.9M

      High-Visibility Auto Shop, 25,940 SF
      919 Baraga Ave, Marquette, MI 49855
      View Details
    • $1,400,000
      2,044 SF

      with a reputation for serving locals and tourists alike. Situated on the corner of High and East Hewitt Avenue

      the property enjoys a prime location just a block away from Graveraet Elementary School and close to Marquette\u00c3\u00a2??s beaches. As one of the only stores on the East Side
      127/129 Hewitt Ave, Marquette, MI 49855
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant land suitable for multi-family development in Marquette, MI.
    Where is this residential land & home lot located?
    The property is located at 1822 Van Evera Ave Marquette, MI.
    What is the asking price?
    The asking price for this property is $109,900.
    What are key features of this property?
    This property features: - Prime building location.; - Potential for duplex construction.; - City approval for duplex likely.
    (906) 396-4985
    Request Owner's contact information
    1822 Van Evera Ave Marquette, MI 49855
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1822 Van Evera Ave
    Marquette, MI 49855
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1822 Van Evera Ave Marquette, MI 49855
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    CARRIE TORETTA-PARTELLO
    Real Estate License ID: 6501298751
    (906) 396-4985 (906) 774-1300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!