Building Details

Year built 1985

Roof type Rubber

Buildings 1

Listing Agency: RE/MAX 1ST REALTY · RE/MAX International Show Phone

Listed By: FRAN SEVEGNEY Show Phone

Added: Nov 3, 2025 Changed: Oct 21 Last Checked: Oct 29 at 6:06AM

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MLS# 50193307

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.

At 30,660 square feet, this multi-tenant commercial property accommodates a mix of entertainment, food service, broadcasting, and retail operations. Current occupants include Superior Lanes, Wings and Things Restaurant, Media Brew Radio Station, Hong Kong Buffet, and Marquette Meats. Superior Lanes has recently installed bowling lanes, an arcade, and an on-site restaurant; the restaurant’s liquor license is included in the sale.

The property encompasses 4.6 acres and has 172 parking spaces. An additional 2.1-acre parcel borders Venture Drive. The site is near Westwood Mall and Super One Foods, with Taco Bell next door. Commercial zoning, forced-air heating, exhaust-fan cooling, and a rubber roof are reported.

Key Highlights

• 30,660‑square‑foot multi‑tenant commercial building
• 4.6‑acre property with an additional 2.1‑acre parcel bordering Venture Drive
• 172 parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$202,356

Cap Rate

5.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,047,120 $4.0M

Cap Rate 7%

$2,890,800 $2.9M

Cap Rate 9%

$2,248,400 $2.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 30,660 SF

Gross rent

$367.9K $12.00/SF

− Vacancy

−$44.2K −$1.44/SF

EGI

$323.8K $10.56/SF

− OpEx

−$121.4K −$3.96/SF

NOI

$202.4K $6.60/SF

Area

Marquette County, MI

Vacancy

12.00%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,047,120

Cap Rate 7%

$2,890,800

Cap Rate 9%

$2,248,400

Alternative Uses

Best Use

Specialty Retail

$6.07M

$5.31M – $7.08M (±1% cap)

NOI $424,650 @ 7.0% cap · market cap 12.52%

Second Best

Mixed Use

$2.89M

$2.53M – $3.37M (±1% cap)

NOI $202,356 @ 7.0% cap · market cap 5.97%

Theoretical Best

Office A

$9.03M

$7.90M – $10.53M (±1% cap)

NOI $632,087 @ 7.0% cap · market cap 18.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Bowling alleys

Lease Details

Multi-tenant

Tenancy

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

395

Businesses Nearby

381k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 36% Dining 28% Apparel 17% Shops & Services 11%

Walmart Superstores

76,286 visits/mo 0.4 miles

Target Superstores

61,812 visits/mo 0.3 miles

Kohl's Apparel

35,280 visits/mo 0.2 miles

Culver's Dining

23,988 visits/mo 0.2 miles

Dunham's Sports Apparel

21,802 visits/mo 0.1 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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines bowling, restaurant, radio, and meat-market businesses within one commercial building.

Where is this mixed-use property located?

The property is located at 3060 W US 41 Highway Marquette, MI.

What is the asking price?

The asking price for this property is $3,392,000.

What are key features of this property?

This property features: 30,660‑square‑foot multi‑tenant commercial building; 4.6‑acre property with an additional 2.1‑acre parcel bordering Venture Drive; 172 parking spaces