Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sault Ste Marie Retail Space Title is generated by Realmo AI

    3366 Interstate 75 Business SPUR, Sault Sainte Marie, MI 49783

    View on Map
    Claim this Listing
    For Lease
    $7 SF/Yr $7,969/Mo (calc)

    Leasehold - Sault Ste Marie, MI

    Property size:
    13,662 SF
    Added:
    Apr 1, 2026
    Days on Market:
    52
    Last Refresh:
    May 22 at 7:06 am

    Property Features for 3366 Interstate 75 Business SPUR

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    B3
    Parking features
    Parking Lot, Paved or Surfaced
    Interior features
    Handicap Access, Restroom, Storage
    Exterior features
    Highway Access, High Visibility, High Traffic Location, Landscaped, View, Handicap Access
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    051-063-002-00
    Size
    13,662 SF

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Number of units
    1
    Building materials
    Stucco
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    John Anderson, Assoc Broker

    Listing agent John Anderson, Assoc Broker License #6502431999

    Listing office Real Estate One Northern Properties MI

    Listing date Apr 1, 2026

    MLS# 25-91 Listing URL

    Copyright © 2026 Eastern Upper Peninsula Board 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 and Visibility: Ideal for attracting customers.
    • Flexible Lease Terms: Landlord willing to subdivide and offer work letter/allowance.
    • Significant Signage Opportunities: Maximize brand exposure with building and road signage.
    • Large Retail Space: Over 16,600 SF available.
    • Recent Parking Lot Upgrades: Enhances customer experience (2024).
    • Accessibility: Handicap access and accessible approach with ramp.

    Overview

    Available for lease is a retail space offering over 16,600 square feet. The property allows for maximum building and road signage. The landlord is open to subdividing the space and providing a work letter or allowance. A significant portion of the parking lot was upgraded in 2024. The combined trade area encompassing Sault, Michigan, and Sault, Canada, serves a population of 86,000 people. The property is zoned B3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Sault Sainte Marie
    County
    Chippewa
    State
    Michigan
    Longitude
    -84.3293
    Latitude
    46.3629

    Nearby Similar for Lease

    • $1.00 SF/Yr
      540 SF

      Professional Corner Office For Lease

      Corner office space available for lease in Sault Ste Marie.
      2700-a Davitt ST, Sault Ste Marie, MI 49783
      View Details
    • $7 SF/Yr
      9,516 SF

      Sault Ste Marie Retail Suite

      Retail suite with over 9,500 SF available for lease.
      3394 Interstate 75 Business SPUR, Sault Ste Marie, MI 49783
      View Details
    • $7 SF/Yr
      1,670 SF

      Endcap Suite in Sault Ste Marie

      Endcap suite suitable for various businesses, especially breakfast/lunch cafe.
      3390 Interstate 75 Business SPUR, Sault Ste Marie, MI 49783
      View Details
    • $7 SF/Yr
      1,911 SF

      Retail Space in Sault Ste

      Retail space available for lease in Sault Ste Marie, MI.
      3358-b Interstate 75 Business SPUR, Sault Ste Marie, MI 49783
      View Details
    • $7 SF/Yr
      1,130 SF

      Sault Ste Marie Leasehold Opportunity

      Improved commercial space suitable for showroom, office, or retail.
      3390-b Interstate 75 Business SPUR, Sault Ste Marie, MI 49783
      View Details
    • $7 SF/Yr
      3,000 SF

      Leasehold - Sault Ste Marie, MI

      3358-a Interstate 75 Business SPUR, Sault Ste Marie, MI 49783
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease in Sault Ste Marie, Michigan.
    Where is this retail space located?
    The property is located at 3366 Interstate 75 Business SPUR Sault Sainte Marie, MI.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: High Traffic Location and Visibility: Ideal for attracting customers.; Flexible Lease Terms: Landlord willing to subdivide and offer work letter/allowance.; Significant Signage Opportunities: Maximize brand exposure with building and road signage.
    (248) 802-0949
    We can help!
    Listing Contact
    John Anderson, Assoc Broker
    Real Estate License ID: 6502431999
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3366 Interstate 75 Business SPUR, Sault Ste Marie, MI 49783
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!