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    362 E Us41/M28 Negaunee, MI 49866

    For Sale
    $1,000,000

    Vacant Land - Negaunee, MI

    Lot size:
    2.00 Acres
    Days on Market:
    767
    Last Refresh:
    Dec 15 at 9:06 am

    Property Features for 362 E Us41/M28

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    52-10-123-121-00
    Exterior features
    Street Lights
    Lot size
    2.00 Acres

    Building Details

    Architectural style
    Other

    Northern Michigan Land Brokers (906) 225-5263 [email protected]

    Listing agent BRIAN OLSON (906) 225-5263

    Listing date Nov 10, 2023

    MLS# 50122661 Listing URL

    Copyright © 2025 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.

    Overview

    High-Exposure Vacant Land on Highway

    This 2-acre commercial land is located on US Highway 41/28, between Marquette and Negaunee, in Negaunee Township, Michigan. Situated on a high-exposure site with a high volume of traffic, the flat lot offers full exposure to the highway and motorists. Township water and sewer services are available. The sandy soil is expected to facilitate development. Additional highway frontage and acreage are available for purchase in combination with this property. The location is positioned in an area of business expansion and new store construction, offering potential for business success. The property is located on the gateway to the Western Upper Peninsula, including Houghton, Hancock, the Keweenaw, and Michigan Tech University. It also serves as the southern route for the Lake Superior Circle Tour and a frequently traveled route to Munising, Escanaba, and the Soo, with the M28 branch leading to the interstate highway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Negaunee
    County
    Marquette
    State
    Michigan
    Longitude
    -87.511688131039
    Latitude
    46.535159949478

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial land on a high-traffic highway, ideal for development.
    Where is this commercial land located?
    The property is located at 362 E Us41/M28 Negaunee, MI.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - High-traffic location on US Highway 41/28, the gateway to the Western U.P. and a key route for the Lake Superior Circle Tour, ensuring maximum exposure.; - Lower tax rate compared to the City of Marquette, Marquette Township, and the City of Negaunee, offering significant cost savings.; - Located in an area of booming business expansion with new stores being constructed, indicating strong growth potential.
    (906) 225-5263
    Request Owner's contact information
    362 E Us41/M28 Negaunee, MI 49866
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    Negaunee, MI 49866
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    Realmo Value Estimation

    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

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    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.

    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
    362 E Us41/M28 Negaunee, MI 49866
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