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    408 Mill St Munising, MI 49862

    New
    For Sale
    $325,000

    Investment - Munising, MI

    Property size:
    4,763 SF
    Lot size:
    0.02 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 6:06 am

    Property Features for 408 Mill St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Security Lighting
    Zoning
    Commercial
    APN
    02-051-090-001-50
    Interior features
    Bath, Compressor, Concrete Floor, Internet Available, Display Window, Fence, Floor Drain, Reception Area, Restroom(s), Showroom, Telephone, Smoke/Fire Alarm, Fiber Optic Internet
    Exterior features
    Fence, Fenced Yard, Wheelchair Access, Fence Owned
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp
    Size
    4,763 SF
    Lot size
    0.02 Acres

    Utilities

    Utilities
    Phone Available
    Heating system
    Forced Air
    Cooling system
    Central Air, Wall/Window Unit(s)

    Building Details

    Year built
    2021
    Flooring type
    Concrete
    Building materials
    Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    BIG C REALTY-M (906) 387-3074

    Listing agent JOANN CARLSON (906) 387-3074

    Listing date Dec 4, 2025

    MLS# 50195562 Listing URL

    Copyright © 2025 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.

    Overview

    Remodeled Commercial Property in Munising

    This commercial property in Munising was recently remodeled in 2021, which included a new 2,600-square-foot addition, creating a total area of over 4,700 square feet. The property is zoned commercial, allowing for multiple uses. It is located just off M-28 on Mill St., approximately three blocks from the center of downtown Munising, offering great visibility and ample parking. The lot size is 0.02 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -86.64985
    Latitude
    46.408049

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    FAQs

    What type of property is this?
    Retail space - Recently remodeled commercial property with ample parking and great visibility.
    Where is this retail space located?
    The property is located at 408 Mill St Munising, MI.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Recently remodeled in 2021 with a **2600 sq. ft. addition, totaling 4700+ sq. ft.**; - **Prime location:** 3 blocks from downtown Munising, just off M-28 on Mill St.; - Commercial zoning allows for multiple uses.
    (906) 387-3074
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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
    408 Mill St Munising, MI 49862
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