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Mixed-Use Building with Apartments

501 6th Avenue, Menominee, MI 49858

For Sale
New
$350,000

The layout combines a bar, office space, and five apartments across two levels.

Property Size5,880 SF
Price / SF$59.52
Days on Market4

Property Features for 501 6th Avenue

General Information

Standard status Active
Size 5,880 SF

Additional Details

Multifamily Units 5

Taxes and HOA fees

Annual Taxes $1,685

Building Details

Year Built 1870
Listing Agency: Weichert, Realtors-Your Home Team
Listed By: Brian Bretl
Source: Exprealty
Added: Nov 6 Changed: Nov 9 Last Checked: Nov 8 at 5:30PM

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 Weichert, Realtors-Your Home Team

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Investment Insights

Based on property information with market context.

Built in 1870, this 5,880-square-foot mixed-use building has a bar, office space, and five apartments. The main floor includes the bar, a studio apartment, and an office; four more apartments occupy the upper floor. Electrical, plumbing, and roofing have been upgraded. The bar has served the community since the early 1900s.

Key Highlights

  • 5,880‑square‑foot mixed‑use building dating to 1870
  • Five apartments: one studio on the main floor and four upstairs
  • Main level also includes a bar and dedicated office space

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Bars & Pubs

Suggested Use

Top Pick Kitchen & Bath Showroom Parking Lot & Garage Big Box & Wholesale Store Bakery (Bike/Boat/Book/etc) Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

355
Businesses Nearby

Demographics for 49858, MI

11,939
Population
6,486
Households
1.8
Avg Household Size
49
Median Age
19%
College-Educated
93%
High-School Grad
86.8 sq mi
ZIP Area
138
Density / Sq Mi
$52,813
Median Household Income
$39,492
Median Earnings
$691
Median Rent
$127,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The layout combines a bar, office space, and five apartments across two levels.
Where is this mixed-use property located?
The property is located at 501 6th Avenue Menominee, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 5,880‑square‑foot mixed‑use building dating to 1870; Five apartments: one studio on the main floor and four upstairs; Main level also includes a bar and dedicated office space
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