Brick Retail
201 N Lincoln Road, Escanaba, MI 49829
For Sale
$500,000
COM/IND/BUS OPP, Escanaba, MI
Property Size4,400 SF
Lot Size0.23 Acres
Price / SF$113.64
Days on Market261
Property Features for 201 N Lincoln Road
General Information
Property type
Property subtype
Zoning
Zoning description
Lot features
Subdivision
Standard status
Size
Lot size
Utilities
Water source
Building Details
Year built
Buildings
Listing Agency:
STATE WIDE REAL ESTATE OF ESCANABA
(906) 786-1308
Listed By:
MIKE HARRIS · License #205616
(906) 420-6333
Added: Feb 20
Changed: Nov 4
Last Checked: Nov 7 at 8:06PM
MLS# 50199947
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.
This 4,400-square-foot brick retail building at 201 N Lincoln Road has been substantially stripped back during remodeling, leaving the interior ready for a new build-out. The property was constructed in 1962 and sits on a 0.23-acre parcel. It is zoned Commercial and has public water service.
The address is in Escanaba, Michigan. The building’s previous uses included Hudson’s Bar and Grill and, earlier, a Big Boy restaurant.
The address is in Escanaba, Michigan. The building’s previous uses included Hudson’s Bar and Grill and, earlier, a Big Boy restaurant.
Key Highlights
- 4,400 square feet of retail space in a brick building
- Interior substantially cleared during remodeling
- 0.23‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,930
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,600
$758.6K
Cap Rate 7%
$541,857
$541.9K
Cap Rate 9%
$421,444
$421.4K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$66.0K $15.00/SF
− Vacancy
−$11.8K −$2.69/SF
EGI
$54.2K $12.32/SF
− OpEx
−$16.3K −$3.69/SF
NOI
$37.9K $8.62/SF
Area
Delta County, MI
Vacancy
17.90%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,600
Cap Rate 7%
$541,857
Cap Rate 9%
$421,444
Alternative Uses
Best Use
Retail
$541.9K
$474.1K – $632.2K
NOI $37,930 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$861.3K
$753.7K – $1.00M
NOI $60,293 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 49829, MI
17,009
Population
8,729
Households
1.9
Avg Household Size
45
Median Age
19%
College-Educated
90%
High-School Grad
66.8 sq mi
ZIP Area
255
Density / Sq Mi
$45,808
Median Household Income
$31,366
Median Earnings
$667
Median Rent
$139,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A largely cleared interior provides a starting point for a custom build-out.
Where is this retail space located?
The property is located at 201 N Lincoln Road Escanaba, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 4,400 square feet of retail space in a brick building; Interior substantially cleared during remodeling; 0.23‑acre parcel
