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81-Unit Apartment Portfolio
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1340 1st St, Menominee, MI 49858

Multi-property offering with retail space, coin laundry, garage, underground, and surface parking.

Property SizeContact for details
Days on Market144

Property Features for 1340 1st St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 81

Amenities

coin laundry rooms
garage parking
underground parking
surface parking

Building Details

Buildings 7
Listing Agency: Global Real Estate Advisors (GREA)
Listed By: Cary Belovicz · License #MI 6502406329
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 6:48AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Global Real Estate Advisors (GREA)

Investment Insights

Based on property information with market context.

The Menominee portfolio comprises 7 properties with a combined 81 apartment units and an 1800 square foot retail space. One property was built in 1900, while the others date from 1970 to 1980. Property amenities include coin laundry rooms, garage parking, underground parking, and surface parking. The portfolio is currently 100% leased.

Located at 1340 1st St in Menominee, Michigan, the properties are situated less than a 5-minute drive from one another. This grouping places the individual assets within a close geographic area while retaining the existing mix of apartment and retail space.

Key Highlights

  • 81 apartment units across 7 properties
  • Includes an 1800sf retail space
  • One property built in 1900; remaining properties date from 1970‑1980

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Grocery & Convenience Store HVAC Service (Bike/Boat/Book/etc) Store Garden Center Locksmith Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

81
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

400
Businesses Nearby

Demographics for 49858, MI

11,939
Population
6,486
Households
1.8
Avg Household Size
49
Median Age
19%
College-Educated
93%
High-School Grad
86.8 sq mi
ZIP Area
138
Density / Sq Mi
$52,813
Median Household Income
$39,492
Median Earnings
$691
Median Rent
$127,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multi-property offering with retail space, coin laundry, garage, underground, and surface parking.
Where is this apartment building located?
The property is located at 1340 1st St Menominee, MI.
What are key features of this property?
This property features: 81 apartment units across 7 properties; Includes an 1800sf retail space; One property built in 1900; remaining properties date from 1970‑1980
More about this property
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