Storefront with Flexible Floor
2220 S Us41, Marquette, MI 49855
For Sale
$700,000
Commercial zoning, customer parking at both ends of the building, and adaptable interior space support a range of business configurations.
Property Size3,600 SF
Lot Size0.90 Acres
Price / SF$194.44
Days on Market178
Property Features for 2220 S Us41
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Pylon Signage
Traffic Count
Amenities
hardwood flooring
air conditioning
bathrooms
laundry room
storage
wet bar
security system
small kitchen
shipping and receiving area
Security Lighting
Building Details
Year Built
Buildings
Listing Agency:
Select Realty
(906) 228-2772
Listed By:
Breck Tonella · License MI #6501387214
(906) 250-7138
Source:
Jabachler
Added: May 21
Changed: Nov 13
Last Checked: Nov 12 at 11:11PM
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 Select Realty
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Investment Insights
Based on property information with market context.
This 3,600-square-foot storefront, built in 1971, occupies 0.90 acres and has a flexible floor plan. Interior features include hardwood flooring, six wall-mounted air-conditioning units, two bathrooms, a laundry room, storage, a wet bar, and a small kitchen. A security system and separate shipping and receiving area are also in place. Parking is available at the front and rear, and the lot has rear area identified for potential expansion.
The property fronts U.S. 41, where reported daily traffic ranges from 8,800 to 10,000 vehicles. It is across from Lake Superior and a bike path, with a roadside sign described as the largest permitted in Chocolay Township.
The property fronts U.S. 41, where reported daily traffic ranges from 8,800 to 10,000 vehicles. It is across from Lake Superior and a bike path, with a roadside sign described as the largest permitted in Chocolay Township.
Key Highlights
- 3,600‑square‑foot building on 0.90 acres; built in 1971
- U.S. 41 frontage with reported daily traffic of 8,800–10,000 vehicles
- Across from Lake Superior and a bike path
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,181
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,620
$883.6K
Cap Rate 7%
$631,157
$631.2K
Cap Rate 9%
$490,900
$490.9K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$64.8K $18.00/SF
− Vacancy
−$1.7K −$0.47/SF
EGI
$63.1K $17.53/SF
− OpEx
−$18.9K −$5.26/SF
NOI
$44.2K $12.27/SF
Area
Marquette County, MI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,620
Cap Rate 7%
$631,157
Cap Rate 9%
$490,900
Alternative Uses
Best Use
Retail
$631.2K
$552.3K – $736.4K
NOI $44,181 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$927.7K – $1.24M
NOI $74,218 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
10,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
91k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 40%
Hotels & Casinos 13%
Home Improvements & Furnishings 1%
Holiday Station Store
Shops & Services
20,156 visits/mo
0.4 miles
Wendy's
Dining
18,451 visits/mo
0.4 miles
Buffalo Wild Wings
Dining
14,322 visits/mo
0.3 miles
Big Boy
Dining
7,889 visits/mo
0.4 miles
Dollar Tree
Shops & Services
7,379 visits/mo
0.2 miles
Demographics for 49855, MI
32,929
Population
15,779
Households
2.1
Avg Household Size
38
Median Age
45%
College-Educated
96%
High-School Grad
206.9 sq mi
ZIP Area
159
Density / Sq Mi
$62,321
Median Household Income
$27,408
Median Earnings
$992
Median Rent
$245,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Marquette County, MI
Properties on Market for Storefront properties in Marquette County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial zoning, customer parking at both ends of the building, and adaptable interior space support a range of business configurations.
Where is this storefront property located?
The property is located at 2220 S Us41 Marquette, MI.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3,600‑square‑foot building on 0.90 acres; built in 1971; U.S. 41 frontage with reported daily traffic of 8,800–10,000 vehicles; Across from Lake Superior and a bike path
