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    1207-1401 8Th Ave Menominee, MI 49858

    For Sale
    $8,566,000

    NNN leased grocery store with 10-year remaining term.

    Property size:
    74,266 SF
    Lot size:
    0.01 Acres

    Property Features for 1207-1401 8Th Ave

    General Information

    Size
    74,266 SF
    Lot size
    0.01 Acres

    Source: NAI Pfefferle Agent Thomas Fisk

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

    Overview

    NNN Leased Grocery Store

    This NNN leased grocery store is available for sale. The property is a dominant grocery store within its market, with Supervalu having operated at this location for 30 years. The remaining lease term is 10 years, and the cap rate is 7%. The store is located within the M and M Plaza Shopping Center, which also houses businesses such as Cost Cutters and Washed Ashore Laundromat. The property is situated near other retail sites, including the United States Postal Service, Michigan Welcome Center, and Nicolet National Bank. Several fast-food restaurants are located nearby, including Taco Bell, Dunkin’ Donuts, Subway, McDonald’s and KFC. The property size is 74266 square feet.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

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

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

    Similar Places Nearby

    Jack's Fresh Market

    Location Insight

    • Map
    • Local Demand
    City
    Menominee
    County
    Menominee
    State
    Michigan
    Longitude
    -87.616223
    Latitude
    45.105984

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    FAQs

    What type of property is this?
    Grocery and convenience store - NNN leased grocery store with 10-year remaining term.
    Where is this grocery and convenience store located?
    The property is located at 1207-1401 8Th Ave Menominee, MI.
    What is the asking price?
    The asking price for this property is $8,566,000.
    What are key features of this property?
    This property features: - NNN Leased Grocery Store; - Dominant Grocery in Market; - Enjoy a secure investment with a 10-Year Remaining Lease Term
    (920) 619-6009
    Request Owner's contact information
    1207-1401 8Th Ave 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
    1207-1401 8Th Ave Menominee, MI 49858
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