72 E Stephenson Avenue, Gwinn, MI 49841
Multi-space building on a busy business corridor, suited for retail or office use with tenants already in place.
- Added:
- Jun 4, 2026
- Days on Market:
- 21
- Last Refresh:
- Jun 20 at 9:02 am
Property Features for 72 E Stephenson Avenue
General Information
- Standard status
- Active
- Size
- 1,288 SF
- Property subtype
- Retail
Listing agent Dave Mingay License #6505420592
Listing office RE/MAX 1st Realty
Listing date Jun 4, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 1st Realty
HighLights
- Multi‑space commercial building with multiple rental spaces occupied by independent tenants
- Tenants occupy the spaces, and there are no active leases in place for the existing tenants
- Spaces can be leased individually or combined to fit different office, retail, or service needs
- Located on a busy business corridor with traffic and accessibility
- Knight's Pawn business name and associated products/supplies and personal property are not included in the sale
Overview
The building is situated on a highly-trafficked business corridor with visibility and accessibility designed for customer-facing activity. It is located at 72 E Stephenson Avenue in Gwinn, Michigan.
For buyers, the property can serve either as an investment or an owner-occupant opportunity. While the current tenants are occupying the spaces, there are no active leases in place for them, meaning any future occupancy will be established by the new owner. The flexible layout and multi-space setup make the building practical for users who want to tailor space to their needs, whether operating a single business in the full building or staging tenants across multiple units.
Local Financial Insights For Office B
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 | $30.9k | $24.00 |
| − Vacancy | −$4.4k | −$3.38 |
| EGI | $26.6k | $20.62 |
| − OpEx | −$6.6k | −$5.15 |
| NOI | $19.9k | $15.46 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Gwinn Floral & Gifts — 21 E Stephenson Ave #9148, Gwinn, MI 49841
Location Insight
- Map
- Local Demand
- City
- Gwinn
- County
- Marquette
- State
- Michigan
- Longitude
- -87.424726
- Latitude
- 46.277404
