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    109 Cherry St Munising, MI 49862

    Sponsored
    For Sale
    $285,000

    Established Florist, Office Space Included

    Property size:
    1,890 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This thriving Munising, MI, flower shop presents a unique investment opportunity. Located at 109 Cherry Street, the property boasts 1,890 square feet on a 0.16-acre lot. The business itself is well-established, known for its high-quality floral arrangements and popular craft classes, attracting both local and tourist clientele. This ensures a consistent revenue stream and a strong foundation for continued growth. Beyond the successful flower shop, the property includes leased office space, offering significant potential for expansion. This additional space provides flexibility – it could seamlessly integrate with the existing flower shop operations, or be independently leased for supplemental income. The generous layout of the office space allows for various configurations to suit diverse business needs. Priced at $285,000, this property offers a rare chance to acquire a profitable, established business with built-in expansion capabilities. The combination of a successful flower shop and the added income potential from the office space makes this a truly exceptional investment opportunity in the vibrant Munising community. This turnkey operation is ready for a new owner to continue its success and capitalize on its existing strong reputation. Don't miss this chance to own a piece of Munising's thriving business landscape.

    Property Features for 109 Cherry St

    General Information

    Property type
    Industrial properties
    Square Feet
    1,890 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1940
    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 Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Munising
    County
    Alger
    State
    Michigan
    Longitude
    -86.65977
    Latitude
    46.4134

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    FAQs

    What type of property is this?
    Industrial property - Established Florist, Office Space Included
    Where is this industrial property located?
    The property is located at 109 Cherry St Munising, MI.
    What is the asking price?
    The asking price for this property is $285,000.
    (906) 387-4530
    Request Owner's contact information
    109 Cherry St 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
    109 Cherry St Munising, MI 49862
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