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    400 E Us 41 Negaunee, MI 49866

    For Sale
    $2,014,000

    Investment - Negaunee, MI

    Property size:
    24,124 SF
    Lot size:
    2.66 Acres
    Days on Market:
    290
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 400 E Us 41

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    Commercial
    APN
    52-53-431-047-00/52
    Parking features
    Parking Lot
    Patio and Porch features
    Patio, Deck
    Interior features
    Cable Internet Installed, Cable TV Available, Dock Door, Interior Sprinkler, Loading Dock(s), No Elevator, Off Street Loading, Public Restrooms, Sidewalks
    Exterior features
    Deck/Patio, Wheelchair Access
    Accessibility
    Accessible Approach with Ramp, Accessible Elevator Installed
    Size
    24,124 SF
    Lot size
    2.66 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air

    Building Details

    Year built
    1997
    Building materials
    Block, Brick
    Roof type
    Flat, Rubber
    Architectural style
    Other

    Select Realty (906) 228-2772 [email protected]

    Listing agent JOHN MARTIN (906) 228-2772

    Listing date Feb 19, 2025

    MLS# 50100804 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

    Negaunee Strip Mall Investment Opportunity

    This modern strip mall in Negaunee, Michigan, presents an investment opportunity with highway frontage. The property features six tenant spaces and one vacancy. Located next to Synder Drugs, Dollar General, and Super One Foods, the property benefits from a prime location. The available end unit offers 3040 square feet of space, complemented by an additional 3689 square feet of heated storage space, basement access, and a 1050 square foot storage area with a loading dock. The property is zoned for commercial use and is situated on a 2.66-acre lot. The total living area of the property is 24124 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Negaunee
    County
    Marquette
    State
    Michigan
    Longitude
    -87.61015
    Latitude
    46.508549

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    FAQs

    What type of property is this?
    Strip mall - Modern strip mall with highway frontage and investment potential.
    Where is this strip mall located?
    The property is located at 400 E Us 41 Negaunee, MI.
    What is the asking price?
    The asking price for this property is $2,014,000.
    What are key features of this property?
    This property features: - Prime location with highway frontage next to Synder Drugs, Dollar General, and Super One Foods.; - Modern strip mall with 6 existing tenants, providing immediate income.; - Available end unit: **3040 sqft with additional 3689 sq ft heated storage space.**
    (906) 228-2772
    Request Owner's contact information
    400 E Us 41 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

    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.

    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
    400 E Us 41 Negaunee, MI 49866
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