Sign Up Successful!
You now have access to more from Realmo!
    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

    3014 Main St Marlette, MI 48453

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $220,000

    Historic building, 2200+ sq ft, dual entrances.

    Property Features for 3014 Main St

    General Information

    Property type
    Industrial properties
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1919

    We can help!

    Listing Contact
    Andrea Donley

    Listing Agency: James W. Donley & Assoc., Inc. DBA Donley Realty Listing Agent: Andrea Donley

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

    Learn more

    Property Insight Report

    Overview

    This exceptional industrial property, located at 3014 MAIN in the heart of Marlette, MI, offers a unique blend of historic charm and modern functionality. Boasting over 2,200 square feet of space, this building is perfect for a variety of uses. The interior features elegant board and batten walls and striking 12-foot tin ceilings, creating a captivating atmosphere. Convenience is key with dual entrances – one at the front and one at the rear of the building. Ample parking is available in the spacious city lot located at the rear of the property. The building has been updated with a newly upgraded electrical system and sleek epoxy cement floors, ensuring a modern and efficient workspace. Adding to its appeal is the inclusion of an additional lot, providing valuable outdoor space for expansion or additional parking. Priced at $220,000, this 0.1-acre property presents a rare opportunity to own a piece of Marlette's history while benefiting from modern amenities. Don't miss this chance to transform this stunning building into your next business venture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Marlette
    County
    Sanilac
    State
    Michigan
    Longitude
    -83.08015
    Latitude
    43.32753

    Nearby Similar for Sale

    • $169,900
      1,825 SF

      Updated Home in Downtown Marlette

      Updated 4-bedroom home with attached garage in downtown Marlette.
      6356 Morris St, Marlette, MI 48453
      View Details
    • $169,000
      1,562 SF

      Move-In Ready Country Home

      Country living with updated features and included appliances.
      5213 Marlette Rd, Marlette, MI 48453
      View Details
    • $735,000
      8,320 SF

      Prime Retail Building, Marlette, Michigan

      8,320 SF freestanding building on Main Street in downtown Marlette.
      2941 Main St, Marlette, MI 48453
      View Details
    • $839,000
      9,000 SF

      Marlette Commercial/Industrial Opportunity

      Commercial/Industrial property in Marlette, MI, featuring 10 units.
      2736 Golf Course Dr, Marlette, MI 48453
      View Details
    • $450,000
      4,864 SF

      Marlette Industrial Gem

      Versatile Mixed-Use Building, 4,864 sq ft
      6429 Locust St, Marlette, MI 48453
      View Details
    • $599,000
      3,258 SF

      Marlette Industrial Building For Sale

      Spacious industrial building on 3 acres.
      7550 Van Dyke Rd, Marlette, MI 48453
      View Details
    • $87,400
      0.10 Acres

      Marlette Industrial Building - For Sale

      Spacious Industrial Building, Great Location
      3079 Main St, Marlette, MI 48453
      View Details
    • $169,900
      5,952 SF

      2701 Golf Course Drive, Marlette, MI

      FORMER GOLF COURSE RESTAURANT / BAR FOR SALE
      2701 Golf Course Dr, Marlette, MI 48453
      View Details

    FAQs

    What type of property is this?
    Industrial property - Historic building, 2200+ sq ft, dual entrances.
    Where is this industrial property located?
    The property is located at 3014 Main St Marlette, MI.
    What is the asking price?
    The asking price for this property is $220,000.
    (989) 635-5586
    Request Owner's contact information
    3014 Main St Marlette, MI 48453
    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.
    3014 Main St
    Marlette, MI 48453
    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
    3014 Main St Marlette, MI 48453
    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

    We can help!
    Listing Contact
    Andrea Donley
    Real Estate License ID: 6501393683
    (989) 635-5586 (989) 635-2654
    Learn more
    Google sign-in failed. Please try again or use another login method.