Gas Station and Convenience
For Sale
Under Contract
$349,000
100 W Main Street, Negaunee, MI 49866
COM/IND/BUS OPP, Negaunee, MI
Property Size1,400 SF
Lot Size0.15 Acres
Price / SF$249.29
Days on Market567
Property Features for 100 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Exterior features
In Ground Tank
Lot features
Corner Lot, Main Street, Residential Area
Subdivision
Negaunee (52021)
Standard status
Active Under Contract
Size
1,400 SF
Lot size
0.15 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Automotive
Automotive Uses
fuel station
Convenience Store
Yes
Utilities
Water source
Public
Building Details
Roof type
Rubber
Listing Agency:
RE/MAX 1ST REALTY · RE/MAX International
(906) 225-1136
Listed By:
DAWN FLORIO
(906) 360-0796
Added: Apr 11, 2025
Changed: Oct 21
Last Checked: Oct 29 at 6:06AM
MLS# 50171220
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This gas station and convenience store property includes a 1,400-square-foot building on a 0.15-acre parcel. The site has an in-ground tank, a rubber roof, and public water service, with commercial zoning.
Situated in downtown Negaunee, the property is near local schools.
Situated in downtown Negaunee, the property is near local schools.
Key Highlights
- 1,400‑square‑foot building on a 0.15‑acre parcel
- In‑ground tank on site
- Commercial zoning and public water service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,390
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,800
$387.8K
Cap Rate 7%
$277,000
$277.0K
Cap Rate 9%
$215,444
$215.4K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$26.5K $18.96/SF
− Vacancy
−$690 −$0.49/SF
EGI
$25.9K $18.47/SF
− OpEx
−$6.5K −$4.62/SF
NOI
$19.4K $13.85/SF
Area
Marquette County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,800
Cap Rate 7%
$277,000
Cap Rate 9%
$215,444
Alternative Uses
Best Use
Specialty Retail
$277.0K
$242.4K – $323.2K
NOI $19,390 @ 7.0% cap · market cap 5.56%
Second Best
Retail
$245.4K
$214.8K – $286.4K
NOI $17,181 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$412.3K
$360.8K – $481.0K
NOI $28,862 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
O'Reilly Auto Parts
Shops & Services
2,692 visits/mo
0.5 miles
Demographics for 49866, MI
8,259
Population
3,723
Households
2.2
Avg Household Size
41
Median Age
34%
College-Educated
96%
High-School Grad
201.3 sq mi
ZIP Area
41
Density / Sq Mi
$83,433
Median Household Income
$47,467
Median Earnings
$900
Median Rent
$191,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Gas station - The downtown Negaunee property has commercial zoning and public water service.
Where is this gas station located?
The property is located at 100 W Main Street Negaunee, MI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,400‑square‑foot building on a 0.15‑acre parcel; In‑ground tank on site; Commercial zoning and public water service
