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    S304 Menominee St Stephenson, MI 49887

    Sponsored
    For Sale
    $139,900

    Spacious Commercial Building, Excellent Condition

    Property size:
    6,544 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 6,544 square foot commercial building is situated on a 0.27-acre lot in Stephenson, MI, at S304 Menominee Street. The single-story structure is constructed of concrete block and features a full basement, providing ample storage space. The roof is a recently replaced rubber roof, ensuring long-term durability. On-site parking is available for convenience. The property is zoned for commercial use and is currently in excellent condition, with no deferred maintenance. Ideal for commercial-retail or storage uses, this versatile building includes a loading dock, pre-installed shelving, coolers, and freezers, making it ready for immediate occupancy. The property comprises two parcels, #052-050-273-00 and #052-050-267-00. Please note that a deed restriction will be in place upon conveyance, prohibiting the use of the property as a grocery store. This presents a unique opportunity for a variety of businesses seeking a well-maintained, functional space in a prime Stephenson location. The asking price is $139,900. This is a turnkey operation ready for your business to thrive. The building's solid construction and recent upgrades make this a sound investment. Contact us today to schedule a viewing.

    Property Features for S304 Menominee St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,544 SF
    Lot Size
    11,761 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Stephenson
    County
    MENOMINEE
    State
    Michigan
    Longitude
    -87.6094
    Latitude
    45.41488

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious Commercial Building, Excellent Condition
    Where is this commercial real estate located?
    The property is located at S304 Menominee St Stephenson, MI.
    What is the asking price?
    The asking price for this property is $139,900.
    (906) 863-4484
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    S304 Menominee St Stephenson, MI 49887
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    Stephenson, MI 49887
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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
    S304 Menominee St Stephenson, MI 49887
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