Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    110 N Marshall Gwinn, MI 49841

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,999

    5-acre commercial property with versatile building and highway frontage.

    Type:Industrial
    Property size:
    1,200 SF
    Lot size:
    5.00 Acres
    Added:
    Oct 11, 2024
    Days on Market:
    543
    Last Refresh:
    Apr 1 at 8:36 pm

    Property Features for 110 N Marshall

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Lot size
    5.00 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1979

    We can help!

    Listing Contact
    AVIS MEYERS-KETOLA

    Listing agent AVIS MEYERS-KETOLA

    Listing office CENTURY 21 PRIME REALTY

    Listing date Oct 11, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 PRIME REALTY

    Overview

    Gwinn Commercial Property on M35

    This 5-acre commercial property is located in Gwinn, MI, and features frontage on State Highway M35. The property includes a 1,200 square foot building suitable for use as an office space or meeting center. An attached two-car garage is also present. The site has a paved parking lot. Zoned C-2 by Forsyth Township, the property is positioned for development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Dental Office Gym & Fitness Center Car Rental Facility (Bike/Boat/Book/etc) Store Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Gwinn
    County
    Marquette
    State
    Michigan
    Longitude
    -87.39666
    Latitude
    46.28189

    Nearby Similar for Sale

    • $750,000
      7,263 SF

      Turnkey Hospitality Opportunity Near Airport

      Updated inn near airport with outdoor amenities and trail access.
      190 E M - 35 Highway, Gwinn, MI 49841
      View Details
    • $155,000
      3,417 SF

      Former Store in Little Lake

      Former Brown's Store ready for new owners in Little Lake.
      1673 E M-35, Gwinn, MI 49841
      View Details
    • $750,000
      7,263 SF

      Turnkey Hospitality Opportunity in Gwinn

      Updated hospitality property near airport and trails, ready for new owner.
      190 E M - 35, Gwinn, MI 49841
      View Details
    • $625,000
      15,010 SF

      Spacious Commercial Building on M35

      Large retail and storage space on a bustling street.
      105 W M35, Gwinn, MI 49841
      View Details
    • $580,000

      Premier Acreage on Johnson Lake

      Rare 5-acre gem with 500+ feet of lake frontage.
      353 S Johnson Lake, Gwinn, MI 49841
      View Details
    • $2,690,000
      55,200 SF

      Established Storage Facilities Investment Package

      Three storage facilities with 192 units and outdoor storage.
      115 M-553, Gwinn, MI 49841
      View Details
    • $25,000

      Spacious Princeton Acres Land Parcel

      1.36-acre homesite in Princeton Acres, ready for custom build.
      826/830 W Kimberly, Gwinn, MI 49841
      View Details
    • $49,500

      Commercial Land on Highway M-35

      1.2 acres of commercial land with high visibility.
      361 E M35, Gwinn, MI 49841
      View Details
    • $49,999

      8.3 Acres Wooded Land Parcel

      Wooded 8.3-acre parcel near Sawyer International Airport.
      PARCEL A M 553 HIGHWAY, GWINN, MI 49841
      View Details
    • $49,999

      8.53 Acres Wooded Land Parcel

      Wooded 8.53-acre parcel near Sawyer International Airport.
      PARCEL B M 553 HIGHWAY, GWINN, MI 49841
      View Details
    • $199,900

      Premier Acreage on Johnson Lake

      Rare 1.5-acre lot on a desirable all-sports inland lake.
      353 S Johnson Lake, Gwinn, MI 49841
      View Details
    • $29,900

      Residential Land in Gwinn, MI

      One-acre residential land with utilities and recreational opportunities.
      192 W Johnson Lake, Gwinn, MI 49841
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5-acre commercial property with versatile building and highway frontage.
    Where is this commercial land located?
    The property is located at 110 N Marshall Gwinn, MI.
    What is the asking price?
    The asking price for this property is $299,999.
    What are key features of this property?
    This property features: Prime frontage on State Highway M35 offers excellent visibility and accessibility.; 5‑acre commercial property provides ample space for development.; Zoned C‑2 by Forsyth Township, suitable for various business ventures.
    (906) 228-5230
    We can help!
    Listing Contact
    AVIS MEYERS-KETOLA
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!