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    601 Munising Ave Munising, MI 49862

    Sponsored
    For Sale
    $382,102

    Prime Munising location, versatile space, high visibility.

    Property size:
    2,411 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 2,411 square foot commercial property is situated on the highly trafficked Highway M-28 in Munising, Michigan, offering unparalleled visibility and accessibility. Located just one block from Lake Superior, the building boasts gorgeous views from its large front windows. The spacious interior provides a flexible open floor plan, easily adaptable to a variety of business needs, from retail and dining to professional services. Ample parking is available for customers and employees. The property sits on a 0.3-acre lot and benefits from prominent signage opportunities, ensuring maximum brand exposure. Its strategic location on the main corridor in and out of Munising attracts both local residents and tourists, creating a strong customer base. The seller is open to lease rental agreements. This unique property offers a blend of business potential and the scenic beauty of Munising, close to attractions like Pictured Rocks National Lakeshore. The asking price is $382,102.

    Property Features for 601 Munising Ave

    General Information

    Property type
    Industrial properties
    Square Feet
    2,411 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Munising
    County
    Alger
    State
    Michigan
    Longitude
    -86.66219
    Latitude
    46.41477

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    Nearby Similar for Sale

    • $419,000
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      Unique Tourist Attraction, 79 Acres, High Revenue Potential
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      Established Upper Peninsula Motel, 12 Units
      415 Cedar St, Munising, MI 49862
      View Details
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      Munising Flower Shop & Office

      Established Florist, Office Space Included
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      View Details
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      Munising Commercial Building - Prime Location

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    FAQs

    What type of property is this?
    Industrial property - Prime Munising location, versatile space, high visibility.
    Where is this industrial property located?
    The property is located at 601 Munising Ave Munising, MI.
    What is the asking price?
    The asking price for this property is $382,102.
    (906) 387-4530
    Request Owner's contact information
    601 Munising Ave Munising, MI 49862
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    Munising, MI 49862
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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
    601 Munising Ave Munising, MI 49862
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