Gas Station with Convenience
For Sale
$550,000
830 W US 41 Highway, Ishpeming, MI 49849
COM/IND/BUS OPP, Ishpeming, MI
Property Size1,800 SF
Lot Size0.85 Acres
Price / SF$305.56
Days on Market109
Property Features for 830 W US 41 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Security features
Security Lighting
Exterior features
Security Lighting
Subdivision
Country Village
Lot features
Shopping Center
Standard status
Active
Size
1,800 SF
Lot size
0.85 Acres
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Business Included
Yes
Automotive
Automotive Uses
fuel station
Convenience Store
Yes
Fuel Brand
Shell
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1992
Roof type
Rubber
Buildings
1
Listing Agency:
RE/MAX 1ST REALTY · RE/MAX International
(906) 225-1136
Listed By:
BRADLEY ARGALL
(906) 458-2180
Added: Jul 12
Changed: Oct 21
Last Checked: Oct 28 at 10:06PM
MLS# 50214677
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.
The property is a Shell-branded gas station with a convenience store in an approximately 1,800-square-foot building on a 0.85-acre parcel. A retail beer, wine, and liquor license is included. Built in 1992, the building has forced-air heat, central air conditioning, a rubber roof, security lighting, and public water. The property is zoned Commercial.
At 830 W US 41 Highway in Ishpeming, the site is immediately adjacent to McDonald’s.
At 830 W US 41 Highway in Ishpeming, the site is immediately adjacent to McDonald’s.
Key Highlights
- Shell‑branded gas station with convenience store
- 1,800‑square‑foot building on a 0.85‑acre parcel
- Retail beer, wine, and liquor license included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,931
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,620
$498.6K
Cap Rate 7%
$356,157
$356.2K
Cap Rate 9%
$277,011
$277.0K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$34.1K $18.96/SF
− Vacancy
−$887 −$0.49/SF
EGI
$33.2K $18.47/SF
− OpEx
−$8.3K −$4.62/SF
NOI
$24.9K $13.85/SF
Area
Marquette County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,620
Cap Rate 7%
$356,157
Cap Rate 9%
$277,011
Alternative Uses
Best Use
Specialty Retail
$356.2K
$311.6K – $415.5K
NOI $24,931 @ 7.0% cap · market cap 4.53%
Second Best
Retail
$315.6K
$276.1K – $368.2K
NOI $22,090 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$530.1K
$463.9K – $618.5K
NOI $37,109 @ 7.0% cap · market cap 6.75%
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
226
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Groceries 20%
Home Improvements & Furnishings 7%
Shops & Services 7%
McDonald's
Dining
20,882 visits/mo
0.1 miles
Jim's Jubilee Foods
Groceries
10,798 visits/mo
0.3 miles
Taco Bell
Dining
10,533 visits/mo
0.2 miles
Country Village Ace Hardware
Home Improvements & Furnishings
3,833 visits/mo
0.1 miles
Shell
Shops & Services
3,683 visits/mo
0.1 miles
Demographics for 49849, MI
11,819
Population
5,915
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
95%
High-School Grad
241.4 sq mi
ZIP Area
49
Density / Sq Mi
$63,425
Median Household Income
$35,081
Median Earnings
$769
Median Rent
$145,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Gas station - A Shell-branded fuel site includes a retail beer, wine, and liquor license.
Where is this gas station located?
The property is located at 830 W US 41 Highway Ishpeming, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Shell‑branded gas station with convenience store; 1,800‑square‑foot building on a 0.85‑acre parcel; Retail beer, wine, and liquor license included
