Light Manufacturing Multi-Building
2905 N Lincoln Rd Escanaba, MI 49829
For Sale
Contact for pricing
Multi-building campus with light manufacturing zoning, large overhead doors, and extensive fenced, secure storage.
Property Size37,765 SF
Lot Size9.70 Acres
Price / SF$99.30
Days on Market100
Property Features for 2905 N Lincoln Rd
General Information
- Standard status
- Active
- Size
- 37,765 SF
- Lot size
- 9.70 Acres
- Property subtype
- Industrial, Mixed Use
Building Details
- Year Built
- 1979
Listing Agency:
RE/MAX 1st Realty
(906) 225-7653
Listed By:
Terry Huffman · License #MI 6506001775
Source:
Crexi
Added: Apr 16
Changed: Jul 23
Last Checked: Jul 23 at 4:37PM
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 RE/MAX 1st Realty
Investment Insights
Based on property information with market context.
The property is a multi-parcel commercial campus featuring three buildings totaling approximately 37,765 sq ft. The primary building includes office and showroom space, six large overhead garage doors, and additional storage areas. A service building provides a wide-open interior layout with five large garage doors, suitable for operational work or storage. A third building was previously used as a daycare and offers flexible space for reimagining. Infrastructure includes extensive asphalt paving of approximately 180,785 sq ft for parking, staging, and maneuvering, plus rooftop HVAC to support building operations. The site also includes signage and lighting improvements, including one 20-foot sign, one 12-foot sign, and four light poles.
Approximately 6.6 acres front US-41/US-2/N Lincoln Avenue with additional frontage on N 29th Avenue, and the property includes multiple access points with curb cuts along US-41/US-2 and N 29th Avenue. A separate 3-acre parcel across the train tracks provides additional frontage between N 29th Street and N 28th Road and adds development flexibility. The main parcels are zoned F – Light Manufacturing, while the additional parcel is zoned E-3 Central Commercial District.
The additional parcel is fully enclosed with a high-security fence and a keyed gate, supporting secure storage of equipment, inventory, or supplies.
Approximately 6.6 acres front US-41/US-2/N Lincoln Avenue with additional frontage on N 29th Avenue, and the property includes multiple access points with curb cuts along US-41/US-2 and N 29th Avenue. A separate 3-acre parcel across the train tracks provides additional frontage between N 29th Street and N 28th Road and adds development flexibility. The main parcels are zoned F – Light Manufacturing, while the additional parcel is zoned E-3 Central Commercial District.
The additional parcel is fully enclosed with a high-security fence and a keyed gate, supporting secure storage of equipment, inventory, or supplies.
Key Highlights
- 4‑parcel commercial/industrial campus totaling 9.7 acres with 875 ft of frontage on US‑41/US‑2/N Lincoln Ave plus 425 ft on N 29th Ave
- Multiple access points, including 1 curb cut on US‑41/US‑2 and 2 curb cuts on N 29th Ave, for customer and large‑vehicle traffic flow
- Zoned F – Light Manufacturing on the main parcels and E‑3 Central Commercial District on the additional 3‑acre parcel for commercial/industrial flexibility
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $358.0k | $9.48 |
| − Vacancy | −$24.3k | −$0.64 |
| EGI | $333.7k | $8.84 |
| − OpEx | −$50.1k | −$1.33 |
| NOI | $283.6k | $7.51 |
37,765 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.05M
$3.55M – $4.73M
NOI $283,617 @ 7.0% cap · market cap 7.56%
Second Best
Flex RnD
$3.83M
$3.35M – $4.47M
NOI $268,056 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$7.39M
$6.47M – $8.62M
NOI $517,495 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hilltop RV Superstore
Auto Parts Store
Camping World RV ...
Car Dealership
FAQs
What type of property is this?
Flex space - Multi-building campus with light manufacturing zoning, large overhead doors, and extensive fenced, secure storage.
Where is this flex space located?
The property is located at 2905 N Lincoln Rd Escanaba, MI.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 4‑parcel commercial/industrial campus totaling 9.7 acres with 875 ft of frontage on US‑41/US‑2/N Lincoln Ave plus 425 ft on N 29th Ave; Multiple access points, including 1 curb cut on US‑41/US‑2 and 2 curb cuts on N 29th Ave, for customer and large‑vehicle traffic flow; Zoned F – Light Manufacturing on the main parcels and E‑3 Central Commercial District on the additional 3‑acre parcel for commercial/industrial flexibility
