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    511 47Th Ave Menominee, MI 49858

    Sponsored
    For Sale
    $275,000

    Versatile Commercial Building, 2 Acres

    Property size:
    16,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property in Menominee, Michigan, presents a unique investment opportunity. The substantial 16,000 square foot building, constructed primarily in 1973 with an addition in 1994, sits on a generous two-acre lot. Currently configured as a church, the versatile space includes numerous classrooms, a gymnasium, a kitchen, multiple bathrooms, and a convenient elevator. The all-brick exterior ensures durability and low maintenance. Ample blacktop parking is available, and the property boasts road access on all four sides, offering excellent accessibility and potential for expansion or redevelopment. The roof shingles were replaced approximately ten years ago. The property's expansive size and flexible layout make it ideal for a variety of commercial uses. Its location in Menominee offers access to a growing community and potential for significant return on investment. Note that an adjacent 3-bedroom, 2-bathroom home is also available for purchase separately. The church property must be sold first. The entire property is comprised of a single parcel, simplifying ownership and management. This is a rare opportunity to acquire a large, versatile commercial property with significant potential in a desirable location. Serious inquiries are encouraged.

    Property Features for 511 47Th Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    16,000 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    1973
    Location Intelligence

    Current Use by Public Records

    North Shore Church Baptist Church

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Menominee
    County
    MENOMINEE
    State
    Michigan
    Longitude
    -87.60555
    Latitude
    45.14265

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Commercial Building, 2 Acres
    Where is this commercial real estate located?
    The property is located at 511 47Th Ave Menominee, MI.
    What is the asking price?
    The asking price for this property is $275,000.
    (906) 863-4484
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    511 47Th Ave Menominee, MI 49858
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    Menominee, MI 49858
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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
    511 47Th Ave Menominee, MI 49858
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