Retail Storefront With Covered
303 Bensinger Street, Big Bay, MI 49808
For Sale
$299,000
Pending
COM/IND/BUS OPP, Big Bay, MI
Property Size780 SF
Lot Size0.25 Acres
Days on Market96
Property Features for 303 Bensinger Street
General Information
Property type
Property subtype
Zoning
Zoning description
Parking features
Patio and Porch features
Exterior features
Accessibility
Subdivision
Standard status
Size
Lot size
Tenancy & Operations
Currently Operating
Business Included
Utilities
Heating system
Cooling system
Water source
Amenities
covered front porch
wheelchair-accessible ramp
hardwood floors
Building Details
Year built
Roof type
Listing Agency:
SELECT REALTY
(906) 228-2772
Listed By:
HAYDEN DRURY
(906) 360-5100
Added: Aug 6
Changed: Nov 4
Last Checked: Nov 9 at 10:06AM
MLS# 50217613
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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Investment Insights
Based on property information with market context.
This 780-square-foot retail storefront at 303 Bensinger Street in Big Bay has an open main area, two private offices, and one restroom. Hardwood flooring runs throughout, and a covered front porch with an accessible ramp leads to the entrance. A forced-air furnace and central air conditioning were installed in 2024. The property also has a parking lot and public water service.
The building sits on a 0.25-acre lot in downtown Big Bay. Seasonal views of Lake Independence are noted from the property. Zoning is identified as mixed use, commercial, and residential. The building was constructed in 1991, and the offering includes the business and building.
The building sits on a 0.25-acre lot in downtown Big Bay. Seasonal views of Lake Independence are noted from the property. Zoning is identified as mixed use, commercial, and residential. The building was constructed in 1991, and the offering includes the business and building.
Key Highlights
- 780‑square‑foot retail building on a 0.25‑acre lot
- Open retail area, two private offices, and one restroom
- Forced‑air furnace and central air conditioning installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,572
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,440
$191.4K
Cap Rate 7%
$136,743
$136.7K
Cap Rate 9%
$106,356
$106.4K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$14.0K $18.00/SF
− Vacancy
−$365 −$0.47/SF
EGI
$13.7K $17.53/SF
− OpEx
−$4.1K −$5.26/SF
NOI
$9.6K $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%
$191,440
Cap Rate 7%
$136,743
Cap Rate 9%
$106,356
Alternative Uses
Best Use
Retail
$136.7K
$119.7K – $159.5K
NOI $9,572 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$229.7K
$201.0K – $268.0K
NOI $16,080 @ 7.0% cap · market cap 5.38%
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
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49808, MI
349
Population
439
Households
0.8
Avg Household Size
57
Median Age
31%
College-Educated
96%
High-School Grad
173.8 sq mi
ZIP Area
2
Density / Sq Mi
$49,063
Median Household Income
$11,765
Median Earnings
$254,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - An open customer area, two offices, and accessible entry provide a practical layout for a neighborhood retail business.
Where is this storefront property located?
The property is located at 303 Bensinger Street Big Bay, MI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 780‑square‑foot retail building on a 0.25‑acre lot; Open retail area, two private offices, and one restroom; Forced‑air furnace and central air conditioning installed in 2024
