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    416 Mill St Munising, MI 49862

    Sponsored
    For Sale
    $250,000

    Downtown Munising Commercial Space - 3,136 sq ft

    Property size:
    3,136 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 3,136 square foot commercial building presents a unique investment opportunity in the thriving downtown Munising area. Previously utilized as a dental office, this property offers versatile space adaptable to a wide range of businesses. The main floor boasts a welcoming lobby, a dedicated reception area, five individual offices perfect for private consultations or team workspaces, two bathrooms, and ample storage. The layout is efficient and well-designed, providing both privacy and collaborative areas. The lower level offers additional space, accessible via a separate entrance. This area features two large carpeted rooms, ideal for various uses, and a convenient bathroom. The 0.35-acre lot provides ample space for parking or future expansion. The building's location in the heart of Munising places it within easy reach of local amenities and a growing customer base. This property is ready for a new owner to envision its potential and contribute to the continued growth of this vibrant community. The building's solid construction and established infrastructure provide a strong foundation for a successful venture. Don't miss this chance to acquire a prime commercial property in a desirable location. The possibilities are endless for this adaptable space in a booming Michigan town.

    Property Features for 416 Mill St

    General Information

    Property type
    Industrial properties
    Square Feet
    3,136 SF
    Lot Size
    15,246 SF

    Building Details

    Year Built
    1968
    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 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
    -86.64949
    Latitude
    46.40772

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    Nearby Similar for Sale

    • $419,000
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      Versatile Commercial Building in Munising

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      Munising Commercial Building - Prime Location

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      408 Mill St, Munising, MI 49862
      View Details
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    FAQs

    What type of property is this?
    Industrial property - Downtown Munising Commercial Space - 3,136 sq ft
    Where is this industrial property located?
    The property is located at 416 Mill St Munising, MI.
    What is the asking price?
    The asking price for this property is $250,000.
    (906) 387-4530
    Request Owner's contact information
    416 Mill 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
    416 Mill St Munising, MI 49862
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