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

    800 North Rd Ishpeming, MI 49849

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $59,900

    10-acre property with redevelopment potential in Ishpeming, Michigan.

    Lot size:
    10.03 Acres

    Property Features for 800 North Rd

    General Information

    Lot size
    10.03 Acres

    We can help!

    Listing Contact
    Terrance Huffman
    Terrance Huffman
    Source: Moodyscre

    Listing Agent: Terrance Huffman

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

    Learn more

    Overview

    Former Water Treatment Facility Land

    This property, formerly a water treatment facility, is located in Ishpeming and offers redevelopment or new commercial use potential. Situated on approximately 10 acres, the site includes a large main structure and a garage that provides space for expansion, storage, or equipment. The property features frontage on Carp Creek and direct access to the Al Quaal Trail system.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ishpeming
    County
    Marquette
    State
    Michigan
    Longitude
    -87.661621
    Latitude
    46.494001

    Nearby Similar for Sale

    • $229,000
      1,850 SF

      Renovated Duplex: Turn-Key Investment

      Extensively renovated duplex, ideal for short-term rental or owner-occupancy.
      312 S 3Rd St, Ishpeming, MI 49849
      View Details
    • $165,000
      2,621 SF

      Spacious Duplex Near Downtown Ishpeming

      Large duplex on corner lot, ideal for investors or owner-occupants.
      635 N 5Th St, Ishpeming, MI 49849
      View Details
    • $614,900
      2,790 SF

      Established Restaurant in Downtown Ishpeming

      Turn-key Italian restaurant with real property, business, and liquor license.
      207 E Pearl St, Ishpeming, MI 49849
      View Details
    • $350,000
      20,112 SF

      Iconic Building in Downtown Ishpeming

      Historic 20,000 SF building in Ishpeming's business district.
      212 N Front St, Ishpeming, MI 49849
      View Details
    • $409,000
      3,600 SF

      Renovated Commercial Property in Ishpeming

      Turnkey investment: renovated, furnished suites near local attractions.
      1025 Country Ln, Ishpeming, MI 49849
      View Details
    • $409,000
      3,600 SF

      Renovated Multi-Family Commercial Property

      Turnkey investment property with two furnished suites in Ishpeming, MI.
      1025 Country Ln, Ishpeming, MI 49849
      View Details
    • $299,000
      3,521 SF

      Updated Multi-Family Property, Ishpeming

      Renovated property with short-term rental potential near local amenities.
      1035 Country Ln, Ishpeming, MI 49849
      View Details
    • $299,000
      3,521 SF

      Updated Commercial Property Near Amenities

      Renovated commercial property with short-term rental potential near local attractions.
      1035 Country Ln, Ishpeming, MI 49849
      View Details
    • $1,953,000
      10,000 SF

      New Construction Retail Investment Property

      New Dollar Tree with 10-year lease in Ishpeming, MI.
      628 Palms Ave, Ishpeming, MI 49849
      View Details
    • $379,900
      11,170 SF

      Versatile Commercial Building in Business District

      Large building suitable for retail or office in busy district.
      1120 Country Ln, Ishpeming, MI 49849
      View Details
    • $325,000

      Retail and Office Space Available

      Commercial space with retail, office, and storage potential.
      1790 Ash St, Ishpeming, MI 49849
      View Details
    • $284,900
      7,650 SF

      Ishpeming Industrial Building For Sale

      Spacious industrial building, great location, partial occupancy.
      536 Mather Ave, Ishpeming, MI 49849
      View Details

    FAQs

    What type of property is this?
    Industrial property - 10-acre property with redevelopment potential in Ishpeming, Michigan.
    Where is this industrial property located?
    The property is located at 800 North Rd Ishpeming, MI.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: - Large 10 +/- acre property within city limits.; - Direct access to the Al Quaal Trail system.; - Carp Creek frontage.
    (906) 360-2505
    Request Owner's contact information
    800 North Rd Ishpeming, MI 49849
    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.
    800 North Rd
    Ishpeming, MI 49849
    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
    800 North Rd Ishpeming, MI 49849
    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
    Terrance Huffman
    Terrance Huffman
    (906) 360-2505
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.