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    628 Palms Ave Ishpeming, MI 49849

    For Sale
    $1,953,000

    New Dollar Tree with 10-year lease in Ishpeming, MI.

    Property size:
    10,000 SF
    Lot size:
    1.45 Acres

    Property Features for 628 Palms Ave

    General Information

    Size
    10,000 SF
    Lot size
    1.45 Acres

    Source: The Boulder Group - Corporate Agent Randy Blankstein

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

    Overview

    New Construction Retail Investment Property

    This is a newly constructed retail property featuring an upgraded decorative façade. The property is under a 10-year lease, set to expire in August 2035, and includes a 20-year roof warranty. The tenant is investment grade, with an S&P rating of BBB. The property is located along Palms Avenue/US Highway 41, which sees 19,000 vehicles per day. It is positioned within the main retail corridor, near tenants and attractions such as McDonald’s, Taco Bell, Holiday, Family Dollar, Pizza Hut, Flagstar Bank, Jubilee Foods, Ace Hardware, UP Health System, The US Ski & Snowboard Hall of Fame & Museum, and Cliffs Shaft Mine Museum & Iron Ore Heritage Bike Trail Trailhead. Over 15,000 residents live within a five-mile radius, with an average household income of $83,712 within the same area. The building has 10,000 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    All Seasons Floral & Gifts

    Location Insight

    • Map
    • Local Demand
    City
    Ishpeming
    County
    Marquette
    State
    Michigan
    Longitude
    -87.662822
    Latitude
    46.50416

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    FAQs

    What type of property is this?
    Storefront property - New Dollar Tree with 10-year lease in Ishpeming, MI.
    Where is this storefront property located?
    The property is located at 628 Palms Ave Ishpeming, MI.
    What is the asking price?
    The asking price for this property is $1,953,000.
    What are key features of this property?
    This property features: - Investment grade tenant – S&P: BBB; - 10-year lease through August 2035; - Located along Palms Avenue/US Highway 41 (19,000 VPD) in the main retail corridor
    (847) 562-8500
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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
    628 Palms Ave Ishpeming, MI 49849
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