Automotive Repair Shop
For Sale
$399,900
826 N Lincoln Road, Escanaba, MI 49829
Automotive repair shop space over 5,500 square feet with visibility along a high-traffic North Lincoln Road corridor.
Property Size5,563 SF
Price / SF$71.89
Days on Market552
Property Features for 826 N Lincoln Road
General Information
Standard status
Active
Size
5,563 SF
Taxes and HOA fees
Annual Taxes
$4,424
Listing Agency:
PREMIER REAL ESTATE, INC.
Listed By:
LORI RYMKOS · License #UPAR
(906) 280-3165
Source:
Exprealty
Added: Mar 4, 2025
Changed: Sep 6
Last Checked: Sep 6 at 10:38AM
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 PREMIER REAL ESTATE, INC.
Investment Insights
Based on property information with market context.
This property is currently configured as an auto repair shop and offers more than 5,500 square feet of working space. It’s suited for automotive-focused operations or other uses that can accommodate a service-bay style layout.
The space is located on North Lincoln Road and benefits from high-traffic exposure and visibility for passing motorists. Address: 826 N Lincoln Road, Escanaba, MI 49829.
The space is located on North Lincoln Road and benefits from high-traffic exposure and visibility for passing motorists. Address: 826 N Lincoln Road, Escanaba, MI 49829.
Key Highlights
- Automotive repair shop space totaling over 5,500 SF
- Located on North Lincoln Road in a high‑traffic corridor
- Offers visibility along one of the Upper Peninsula’s busiest highways
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,406
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$688,120
$688.1K
Cap Rate 7%
$491,514
$491.5K
Cap Rate 9%
$382,289
$382.3K
Market Conditions
NOI Build-Up for 5,563 SF
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.
Gross rent
$52.7K $9.48/SF
− Vacancy
−$3.6K −$0.64/SF
EGI
$49.2K $8.84/SF
− OpEx
−$14.7K −$2.65/SF
NOI
$34.4K $6.18/SF
Area
Delta County, MI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$688,120
Cap Rate 7%
$491,514
Cap Rate 9%
$382,289
Alternative Uses
Best Use
Retail
$685.1K
$599.5K – $799.3K
NOI $47,956 @ 7.0% cap · market cap 11.99%
Second Best
Industrial
$491.5K
$430.1K – $573.4K
NOI $34,406 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$1.09M
$952.9K – $1.27M
NOI $76,230 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
10k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Gordon Food Service
Groceries
9,730 visits/mo
0.3 miles
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 Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Riverside Toyota of Escanaba — 2600 Ludington St, Escanaba, MI 49829
- Toyota Service — Escanaba, MI 49829
- JV Tow Truck Service — 2419 1st Ave N Ste 9, Escanaba, MI 49829
- Mobile Wrench heavy duty truck repair — 2 US Hwy 41, Escanaba, MI 49829
- Scoops and Stripes — 4207 us-41, escanaba, mi 49829
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive repair shop space over 5,500 square feet with visibility along a high-traffic North Lincoln Road corridor.
Where is this auto shop located?
The property is located at 826 N Lincoln Road Escanaba, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Automotive repair shop space totaling over 5,500 SF; Located on North Lincoln Road in a high‑traffic corridor; Offers visibility along one of the Upper Peninsula’s busiest highways
