Gutted Brick Commercial
For Sale
$575,000
201 N Lincoln Street, Escanaba, MI 49829
COMMERCIAL - Escanaba, MI
Property Size4,400 SF
Lot Size0.23 Acres
Price / SF$130.68
Days on Market162
Property Features for 201 N Lincoln Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Lot features
Corner Lot, Main Street, Mall, Shopping Center, Utilities Above Ground
Subdivision
Escanaba (21010)
Standard status
Active
Size
4,400 SF
Lot size
0.23 Acres
Utilities
Water source
Public
Building Details
Year built
1962
Listing Agency:
STATE WIDE REAL ESTATE OF ESCANABA
(906) 786-1308
Listed By:
MIKE HARRIS · License #205616
(906) 420-6333
Added: Feb 20
Changed: Jul 11
Last Checked: Aug 1 at 12:06AM
MLS# 50199947
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.
Investment Insights
Based on property information with market context.
A brick commercial building offering approximately 4,400 square feet of flexible interior space. The property was recently in the midst of a remodel and has been almost completely gutted, creating a clean slate for a custom build-out. The layout is described as open, and the building includes ample parking for customers and staff.
Located at 201 N Lincoln Street in Escanaba, Michigan, the property is positioned in a high-traffic area with emphasis on visibility. The building has a commercial operating history, formerly home to Hudson’s Bar and Grill (and originally a Big Boy), and it has been part of the historic Escanaba Mall presence since its inception. Based on the listed uses, the space may be suitable for retail, restaurant, office, or service-based businesses under the Commercial zoning.
Located at 201 N Lincoln Street in Escanaba, Michigan, the property is positioned in a high-traffic area with emphasis on visibility. The building has a commercial operating history, formerly home to Hudson’s Bar and Grill (and originally a Big Boy), and it has been part of the historic Escanaba Mall presence since its inception. Based on the listed uses, the space may be suitable for retail, restaurant, office, or service-based businesses under the Commercial zoning.
Key Highlights
- Prime location with high traffic counts and excellent visibility in Escanaba, MI.
- Approximately 4,400 sq. ft. of flexible commercial space suitable for various business types.
- Building has been almost completely gutted, providing a clean slate for custom build‑out.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.2k | $18.00 |
| − Vacancy | −$19.0k | −$4.32 |
| EGI | $60.2k | $13.68 |
| − OpEx | −$15.0k | −$3.42 |
| NOI | $45.1k | $10.26 |
4,400 SF · lease $18.00/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$826.5K
$723.2K – $964.3K
NOI $57,856 @ 7.0% cap · market cap 10.06%
Second Best
Office B
$644.9K
$564.3K – $752.4K
NOI $45,144 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$861.3K
$753.7K – $1.00M
NOI $60,293 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49829, MI
17,009
Population
8,729
Households
1.9
Avg Household Size
45
Median Age
19%
College-Educated
90%
High-School Grad
66.8 sq mi
ZIP Area
255
Density / Sq Mi
$45,808
Median Household Income
$31,366
Median Earnings
$667
Median Rent
$139,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Brick commercial building with flexible interior space, recently gutted for custom remodel, and ample on-site parking.
Where is this storefront property located?
The property is located at 201 N Lincoln Street Escanaba, MI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Prime location with high traffic counts and excellent visibility in Escanaba, MI.; Approximately 4,400 sq. ft. of flexible commercial space suitable for various business types.; Building has been almost completely gutted, providing a clean slate for custom build‑out.
