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    1301 16Th Ave Menominee, MI 49858

    Sponsored
    For Sale
    $68,000

    Versatile commercial space, residential potential, affordable.

    Property size:
    1,248 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional Menominee, MI commercial property, located at 1301 16TH AVENUE, presents a unique investment opportunity. Currently zoned C-1, the 1,248 square foot building sits on a 0.21-acre lot and offers a multitude of possibilities. A special use permit allows for residential or multi-family conversion, opening doors to a wide range of uses. The building features a convenient 1 1/2 bathrooms and ample parking. A full basement provides additional storage or expansion space. The exterior is maintenance-free, and the roof is new, minimizing ongoing upkeep costs. Priced affordably at $68,000, this property represents a significant value. Previously occupied by M & M Taxi, this location offers established visibility and potential for immediate occupancy. The combination of its commercial zoning, residential conversion potential, and low price point makes this an attractive proposition for both investors and owner-occupiers seeking a versatile and cost-effective space in a desirable location. Don't miss this chance to acquire a property with such significant upside potential.

    Property Features for 1301 16Th Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,248 SF
    Lot Size
    9,148 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Menominee
    County
    MENOMINEE
    State
    Michigan
    Longitude
    -87.61863
    Latitude
    45.11318

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile commercial space, residential potential, affordable.
    Where is this commercial real estate located?
    The property is located at 1301 16Th Ave Menominee, MI.
    What is the asking price?
    The asking price for this property is $68,000.
    (906) 863-4484
    Request Owner's contact information
    1301 16Th Ave Menominee, MI 49858
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    Menominee, MI 49858
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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
    1301 16Th Ave Menominee, MI 49858
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