Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Redevelopment Industrial Land Site Title is generated by Realmo AI

    2541 Mills 2551 Street, Marysville, MI 48040

    View on Map
    Claim this Listing
    For Sale
    $300,000

    COMMERCIAL - Marysville, MI

    Property size:
    50,588 SF
    Lot size:
    3.54 Acres
    Price / SF:
    $5/SF
    Added:
    Mar 27, 2026
    Days on Market:
    70
    Last Refresh:
    Jun 4 at 5:06 am

    Property Features for 2541 Mills 2551 Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    03-092-0034-000
    Size
    50,588 SF
    Lot size
    3.54 Acres

    Utilities

    Water source
    Public

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Evan Lyszczyk
    Evan Lyszczyk

    Listing agent Evan Lyszczyk License #6501428411

    Listing office KW Platinum 31525 23 Mile Rd., Chesterfield, MI

    Listing date Mar 27, 2026

    MLS# 50202708

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Addresses: 2541–2551 Mills in Marysville, MI
    • Year built: 1900
    • Water source: public

    Overview

    This for-sale parcel combines 2541 Mills and 2551 Mills, totaling 3.54 acres (50,588 square feet). The property is presented as redevelopment land, offering a flexible foundation for commercial or industrial projects that require site preparation and improvements.

    Located in Marysville, Michigan (St. Clair County) with access to key transportation corridors, the site is positioned for prospective users and developers who need a location suited to a range of commercial or industrial uses. The property is marketed as a redevelopment and repositioning opportunity.

    Prospective buyers may consider the site for land-driven projects where redevelopment is part of the plan. The offering notes that developers and investors may benefit from potential brownfield redevelopment incentives that could help offset site preparation and improvement costs, subject to eligibility. If you are evaluating a redevelopment site with acreage for a future commercial or industrial use, this Mills Street parcel is a property worth reviewing.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Marysville
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.482783
    Latitude
    42.882936

    Nearby Similar for Sale

    • $875,000
      5,013 SF

      Turnkey Restaurant and Bar

      Freestanding C-3 zoned restaurant and bar with recently updated foundation and exterior renovations plus ample on-site parking.
      596 Busha Highway, Marysville, MI 48040
      View Details
    • $229,900
      1,536 SF

      Free-Standing Medical Office Building

      Chiropractor office with exam rooms, reception, waiting area, and abundant parking for convenient patient access.
      1705 Gratiot Boulevard, Marysville, MI 48040
      View Details
    • $700,000
      10,024 SF

      Marysville Commercial/Industrial Property for Sale

      Industrial property with yard storage and heavy power in Marysville.
      2543 Wills Street, Marysville, MI 48040
      View Details
    • $160,000
      1,750 SF

      Freestanding Corner Retail Building

      Brick corner property with walk-in cooler and multiple storage areas, well-suited for specialty retail and service uses.
      10 Gratiot Boulevard, Marysville, MI 48040
      View Details
    • $875,000
      5,013 SF

      Turnkey Restaurant and Bar Opportunity

      Established restaurant and bar with high visibility and flexible zoning.
      596 Busha Hwy, Marysville, MI 48040
      View Details
    • $500,000

      Turn-Key Ice Cream Parlor

      Profitable ice cream parlor in downtown Marysville with loyal customers.
      1826 Gratiot Blvd, Marysville, MI 48040
      View Details
    • $1,110,000

      Restaurant Property with Drive-Thru

      Single tenant restaurant property with drive-thru in Detroit MSA.
      1501 Gratiot Blvd, Marysville, MI 48040
      View Details
    • $99,900

      Commercial Land on M-29

      Commercial land with frontage on M-29 in Marysville, MI.
      Busha Highway, Marysville, MI 48040
      View Details
    • $49,900

      Marysville Land Near I-94

      Commercial land near I-94 and Meijer in Marysville, MI.
      GRATIOT, Marysville, MI 48040
      View Details
    • $15,000

      Residential Land in Marysville, MI

      Four residential lots available in Marysville, Michigan.
      Montana Avenue, Marysville, MI 48040
      View Details
    • $409,900

      Specialty Commercial Land Parcel

      Commercial land offering city water and sewer availability at the road, with a second parcel included in the sale.
      Gratiot Avenue, Marysville, MI 48040
      View Details
    • $409,900

      Commercial Land Parcel

      Commercial land offering city water and sewer available at the road, with an included second parcel for expanded options.
      Gratiot Avenue, Marysville, MI 48040
      View Details

    FAQs

    What type of property is this?
    Industrial land - Flexible industrial and commercial redevelopment site on Mills Street with transportation-corridor access.
    Where is this industrial land located?
    The property is located at 2541 Mills 2551 Street Marysville, MI.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Addresses: 2541–2551 Mills in Marysville, MI; Year built: 1900; Water source: public
    (586) 980-1171
    We can help!
    Listing Contact
    Evan Lyszczyk
    Evan Lyszczyk
    Real Estate License ID: 6501428411
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2541 Mills 2551 Street, Marysville, MI 48040
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!