Building Details

Year built 1950

Roof type Metal

Buildings 2

Listing Agency: RE/MAX 1ST REALTY · RE/MAX International f***@gmail.com Show Phone

Listed By: KELLIE HILLIER-GENSCHAW Show Phone

Added: Jun 11 Changed: Oct 21 Last Checked: Oct 29 at 8:06AM

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MLS# 50210996

Copyright © 2026 Upper Peninsula Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Built in 1950, this 1,600-square-foot auto shop combines a showroom and reception area with a 30-by-32-foot garage. The building also has a half bathroom and 220-amp electric service. Commercial zoning and a 0.81-acre parcel complete the property’s core configuration.

The site offers highway visibility and convenient access. Gwinn, snowmobile trails, and inland lakes are identified in the surrounding area. An older barn is used for storage; it is believed to date to the 1890s.

Key Highlights

• 1,600‑square‑foot building on 0.81 acres
• 30‑by‑32‑foot garage, showroom, and reception area
• 220‑amp electric service

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,052

Cap Rate

7.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$181,040 $181.0K

Cap Rate 7%

$129,314 $129.3K

Cap Rate 9%

$100,578 $100.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,600 SF

Gross rent

$14.4K $9.00/SF

− Vacancy

−$1.5K −$0.92/SF

EGI

$12.9K $8.08/SF

− OpEx

−$3.9K −$2.42/SF

NOI

$9.1K $5.66/SF

Area

Marquette County, MI

Vacancy

10.20%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$181,040

Cap Rate 7%

$129,314

Cap Rate 9%

$100,578

Alternative Uses

Best Use

Retail

$280.5K

$245.5K – $327.3K (±1% cap)

NOI $19,636 @ 7.0% cap · market cap 16.36%

Second Best

Industrial

$129.3K

$113.2K – $150.9K (±1% cap)

NOI $9,052 @ 7.0% cap · market cap 7.54%

Theoretical Best

Office A

$471.2K

$412.3K – $549.8K (±1% cap)

NOI $32,986 @ 7.0% cap · market cap 27.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Auto shops

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Explore this area Business Placement

Demographics for 49833, MI

213

Population

90

Households

2.4

Avg Household Size

53

Median Age

8%

College-Educated

100%

High-School Grad

14.2 sq mi

ZIP Area

15

Density / Sq Mi

$124,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar Off Market Nearby

• Bear Auto Repair — 1670 E M-35, Little Lake, MI 49833

Frequently Asked Questions

What type of property is this?

Auto shop - A 220-amp service, reception space, and separate garage support automotive operations on a commercial parcel.

Where is this auto shop located?

The property is located at 1875 E Little Lake Road Little Lake, MI.

What is the asking price?

The asking price for this property is $120,000.

What are key features of this property?

This property features: 1,600‑square‑foot building on 0.81 acres; 30‑by‑32‑foot garage, showroom, and reception area; 220‑amp electric service