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    7793 M-123 Newberry, MI 49868

    For Sale
    $329,000

    Commercial Income - Newberry, MI

    Property size:
    3,600 SF
    Days on Market:
    33
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 7793 M-123

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    APN
    003-003-035-0200
    Parking features
    Parking Lot
    Interior features
    Handicap Access, Kitchen Area, Laundry Area, Restroom, Smoke Detectors, Storage, Window Coverings
    Exterior features
    Highway Access, High Visibility, High Traffic Location, Landscaped, Handicap Access
    Basement Y/N
    1
    Accessibility
    Accessible Approach with Ramp
    Size
    3,600 SF

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Number of units
    1
    Building materials
    Stone
    Roof type
    Shingle
    Architectural style
    Other

    Key Realty One

    Listing agent Ryan W Bennett License #6506047373

    Listing date Nov 3, 2025

    MLS# 25-1107 Listing URL

    Copyright © 2025 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.

    Overview

    Newberry Office with Income Potential

    This custom-built 3600 square foot office building is situated in a location with excellent visibility. The expansive 2.5-acre lot is nicely landscaped and provides ample parking space. The interior features a main entrance vestibule, a large waiting area with stained glass windows and a stone fireplace, a reception window, and a check-out area for patients, as well as a front office with file storage. A centrally located consultation room and an owner's office are also included. The property contains 7 operatories, a sterilization room, an X-ray processing room, and on-site laundry. There is an employee break room with two ADA-accessible bathrooms. The partial basement offers storage, mechanicals, and a work area. The building is equipped with a modern high-efficiency NGFA furnace, central A/C, and a private well. This office offers flexibility for other uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Newberry
    County
    Luce
    State
    Michigan
    Longitude
    -85.4887
    Latitude
    46.496

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    FAQs

    What type of property is this?
    Medical office - 3600 SF office building on 2.5 acres for sale.
    Where is this medical office located?
    The property is located at 7793 M-123 Newberry, MI.
    What is the asking price?
    The asking price for this property is $329,000.
    What are key features of this property?
    This property features: - Excellent visibility in a great location on a 2.5 acre lot.; - Custom built 3600 square foot office space.; - Seven operatories, sterilization room, and X-ray processing room.
    (906) 360-1434
    Request Owner's contact information
    7793 M-123 Newberry, MI 49868
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    Newberry, MI 49868
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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
    7793 M-123 Newberry, MI 49868
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