Brick Retail
For Sale
$500,000
201 N Lincoln Street, Escanaba, MI 49829
COM/IND/BUS OPP, Escanaba, MI
Property Size4,400 SF
Lot Size0.23 Acres
Price / SF$113.64
Days on Market237
Property Features for 201 N Lincoln Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Lot features
Corner Lot, Main Street, Mall, Shopping Center, Utilities Above Ground
Subdivision
Escanaba (21010)
Standard status
Active
Size
4,400 SF
Lot size
0.23 Acres
Utilities
Water source
Public
Building Details
Year built
1962
Listing Agency:
STATE WIDE REAL ESTATE OF ESCANABA
(906) 786-1308
Listed By:
MIKE HARRIS · License #205616
(906) 420-6333
Added: Feb 20
Changed: Oct 13
Last Checked: Oct 15 at 10:06AM
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.
Investment Insights
Based on property information with market context.
This 4,400-square-foot retail property is a brick building constructed in 1962. Its interior was almost entirely gutted during a remodel, leaving space for a new build-out. The parcel measures 0.23 acres and includes ample parking.
The property is zoned Commercial and has public water.
The property is zoned Commercial and has public water.
Key Highlights
- 4,400 square feet of retail space
- Brick building constructed in 1962
- 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.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - The largely cleared interior provides a starting point for a custom commercial build-out.
Where is this retail space located?
The property is located at 201 N Lincoln Street 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; Brick building constructed in 1962; 0.23‑acre parcel
