Multi-Building Flex
For Sale
$3,750,000
2905 N Lincoln @ US-2 Highway, Escanaba, MI 49829
COM/IND/BUS OPP, Escanaba, MI
Property Size37,765 SF
Lot Size9.70 Acres
Price / SF$99.30
Days on Market197
Property Features for 2905 N Lincoln @ US-2 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial,Industrial
Zoning description
Commercial, Industrial
Parking features
Parking Lot
Security features
Security Lighting
Exterior features
Security Lighting, Fence Owned
Fencing
Fenced
Lot features
Corner Lot, Main Street, Industrial, Cleared
Subdivision
Escanaba (21010)
Standard status
Active
Size
37,765 SF
Lot size
9.70 Acres
Utilities
Heating system
Forced Air, Radiant
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Roof type
Metal, Asphalt, Shingle
Buildings
3
Listing Agency:
RE/MAX 1ST REALTY · RE/MAX International
(906) 225-1136
Listed By:
TERRY HUFFMAN
(906) 360-2505
Added: Apr 15
Changed: Oct 27
Last Checked: Oct 28 at 4:06AM
MLS# 50204452
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Four parcels totaling 9.7 acres contain three buildings with approximately 37,765 square feet of space. The primary building combines office and showroom areas with six overhead garage doors and storage. A service building has five large garage doors and an open interior, while the third building provides additional commercial space. Rooftop HVAC and forced-air and radiant heating serve the improvements.
Approximately 6.6 acres front US-41/US-2 and N Lincoln Avenue, with 875 linear feet along that frontage and another 425 feet on N 29th Avenue. A separate 3-acre parcel across the train tracks has 865 feet of frontage between N 29th Street and N 28th Road. Access includes one curb cut on US-41/US-2 and two on N 29th Avenue. The main parcels carry F - Light Manufacturing zoning; the additional parcel is zoned E-3 Central Commercial District.
The site includes approximately 180,785 square feet of asphalt paving, two signs measuring 20 feet and 12 feet, and four light poles. The separate parcel is enclosed by a security fence with a keyed gate. The property is at 2905 N Lincoln @ US-2 Highway in Escanaba, Michigan.
Approximately 6.6 acres front US-41/US-2 and N Lincoln Avenue, with 875 linear feet along that frontage and another 425 feet on N 29th Avenue. A separate 3-acre parcel across the train tracks has 865 feet of frontage between N 29th Street and N 28th Road. Access includes one curb cut on US-41/US-2 and two on N 29th Avenue. The main parcels carry F - Light Manufacturing zoning; the additional parcel is zoned E-3 Central Commercial District.
The site includes approximately 180,785 square feet of asphalt paving, two signs measuring 20 feet and 12 feet, and four light poles. The separate parcel is enclosed by a security fence with a keyed gate. The property is at 2905 N Lincoln @ US-2 Highway in Escanaba, Michigan.
Key Highlights
- Four parcels totaling 9.7 acres, with three buildings containing approximately 37,765 square feet
- Primary building has six overhead garage doors; service building has five large garage doors
- Approximately 6.6 acres front US‑41/US‑2 and N Lincoln Avenue, with 875 linear feet of frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$283,617
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,672,340
$5.7M
Cap Rate 7%
$4,051,671
$4.1M
Cap Rate 9%
$3,151,300
$3.2M
Market Conditions
NOI Build-Up for 37,765 SF
Gross rent
$358.0K $9.48/SF
− Vacancy
−$24.3K −$0.64/SF
EGI
$333.7K $8.84/SF
− OpEx
−$50.1K −$1.33/SF
NOI
$283.6K $7.51/SF
Area
Delta County, MI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,672,340
Cap Rate 7%
$4,051,671
Cap Rate 9%
$3,151,300
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office, showroom, service, and storage areas accommodate a mix of commercial and industrial functions.
Where is this flex space located?
The property is located at 2905 N Lincoln @ US-2 Highway 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: Four parcels totaling 9.7 acres, with three buildings containing approximately 37,765 square feet; Primary building has six overhead garage doors; service building has five large garage doors; Approximately 6.6 acres front US‑41/US‑2 and N Lincoln Avenue, with 875 linear feet of frontage
