Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    511 47Th Ave Menominee, MI 49858

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $275,000

    Church building with classrooms, gym, kitchen, and ample parking.

    Lot size:
    1.75 Acres

    Property Features for 511 47Th Ave

    General Information

    Standard status
    Active
    Lot size
    1.75 Acres

    We can help!

    Listing Contact
    Karen Kloida
    Source: Exprealty

    Listing Agency: Broadway Real Estate Listing Agent: Karen Kloida

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

    Learn more

    Overview

    Versatile Building on Large Land

    This property features a building suitable for multiple uses, currently configured as a church. The original structure was built in 1973, with an addition constructed in 1994. The building includes multiple classrooms, a gymnasium, a kitchen, and bathrooms, and is equipped with an elevator. The exterior is constructed of brick, and there is a blacktop parking lot. The property benefits from road access on all four sides and includes a substantial amount of green space. The roof shingles were replaced approximately 10 or more years ago.
    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
    -87.605438
    Latitude
    45.142979

    Nearby Similar for Sale

    • $350,000
      2,200 SF

      Menominee Hobby Farm with Cultivation

      Hobby farm featuring a cultivation building and multiple outbuildings.
      N2119 Bay De Noc Dr, Menominee, MI 49858
      View Details
    • $189,900
      1,648 SF

      Updated Duplex in Quiet Neighborhood

      Menominee duplex with recent updates and income potential.
      2809 14Th St, Menominee, MI 49858
      View Details
    • $1,399,999
      4,825 SF

      Menominee Retail Opportunity For Sale

      Freestanding building with parking and approved for construction.
      3500 10Th St, Menominee, MI 49858
      View Details
    • $99,500

      Historical Office Building in Menominee

      Historical building in downtown Menominee with office and workspace.
      125 6Th Ave, Menominee, MI 49858
      View Details
    • $8,566,000
      74,266 SF

      NNN Leased Grocery Store

      NNN leased grocery store with 10-year remaining term.
      1207-1401 8Th Ave, Menominee, MI 49858
      View Details
    • $1,500,000
      50,000 SF

      Menominee Industrial Property For Sale

      Versatile industrial property in Menominee, suitable for various industrial uses.
      1717 10Th Ave, Menominee, MI 49858
      View Details
    • $68,000
      1,248 SF

      Menominee Commercial Building - Huge Potential

      Versatile commercial space, residential potential, affordable.
      1301 16Th Ave, Menominee, MI 49858
      View Details
    • $275,000
      16,000 SF

      Menominee Commercial Property - Huge Potential

      Versatile Commercial Building, 2 Acres
      511 47Th Ave, Menominee, MI 49858
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Church building with classrooms, gym, kitchen, and ample parking.
    Where is this church & religious facility 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.
    What are key features of this property?
    This property features: - Large piece of land with a building suitable for multiple uses.; - Road access on 4 sides of the property.; - All brick exterior and blacktop parking lot.
    (715) 938-0056
    Request Owner's contact information
    511 47Th Ave Menominee, MI 49858
    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.
    511 47Th Ave
    Menominee, MI 49858
    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
    511 47Th Ave Menominee, MI 49858
    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
    Karen Kloida
    (715) 938-0056
    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.