High-Traffic Commercial Property on US
2220 S US41 Highway, Marquette, MI 49855
New
COMMERCIAL - Marquette, MI
Property size:
3,600 SFLot size:
0.90 AcresPrice / SF:
$194/SF- Added:
- May 21, 2026
- Days on Market:
- 2
- Last Refresh:
- May 22 at 6:06 pm
Property Features for 2220 S US41 Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Security features
- Security Lighting
- Exterior features
- Security Lighting
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.90 Acres
Utilities
- Heating system
- Forced Air
- Cooling system
- Wall/Window Unit(s)
- Water source
- Private, Well
Building Details
- Year built
- 1971
- Roof type
- Metal
Listing agent BRECK TONELLA License #6501387214 (906) 250-7138
Listing office SELECT REALTY 2363 US41 W, Marquette, MI (906) 228-2772
Listing date May 21, 2026
MLS# 50208544
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.
HighLights
- High‑traffic location on U.S. 41 with 8,800‑10,000 vehicles passing daily, providing outstanding visibility and exposure.
- Flexible 3,600 sq. ft. floor plan on 0.90 acres allowing multiple configurations and potential for future expansion.
- Ample parking at the front and rear of the property.
- Largest roadside sign permitted in Chocolay Township.
- Convenient location across from Lake Superior and the bike path.
- Includes security system, shipping/receiving area, and small kitchen.
Overview
This commercial property is located on U.S. 41 in Marquette, MI. The updated 3,600 sq. ft. building sits on a 0.90-acre lot. The property benefits from high traffic, with approximately 8,800-10,000 vehicles passing by daily. It is located across from Lake Superior and the bike path. The building features hardwood flooring throughout, six wall-mounted air-conditioning units, two bathrooms, a laundry room, ample storage, and a wet bar. Additional features include a security system, a small kitchen, and a separate shipping and receiving area. It also has the largest roadside sign permitted in Chocolay Township. There is plenty of parking at the front and rear of the building. The flexible floor plan allows multiple configurations to suit a variety of business needs, and the lot offers potential for future expansion at the rear of the property.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$490.9K
NOI $44,181 @ 9.00% cap · cautious / downside scenario
Moderate
$631.2K
NOI $44,181 @ 7.00% cap · market / base-case scenario
Aggressive
$883.6K
NOI $44,181 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $18.00 |
| − Vacancy | −$1.7k | −$0.47 |
| EGI | $63.1k | $17.53 |
| − OpEx | −$18.9k | −$5.26 |
| NOI | $44.2k | $12.27 |
3,600 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$631.2K
$552.3K – $736.4K
NOI $44,181 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$927.7K – $1.24M
NOI $74,218 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Storefront properties
Map
- City
- Marquette
- County
- Marquette
- State
- Michigan
- Longitude
- -87.3836
- Latitude
- 46.5095
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Updated 3,600 sq ft building on 0.90 acres.
Where is this storefront property located?
The property is located at 2220 S US41 Highway Marquette, MI.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: High‑traffic location on U.S. 41 with 8,800‑10,000 vehicles passing daily, providing outstanding visibility and exposure.; Flexible 3,600 sq. ft. floor plan on 0.90 acres allowing multiple configurations and potential for future expansion.; Ample parking at the front and rear of the property.
