Warehouse Garage with Open Floor
920 Silver Creek Road, Marquette, MI 49855
For Sale
$94,900
VACANT LAND, Marquette, MI
Property Size768 SF
Lot Size0.39 Acres
Price / SF$123.57
Days on Market96
Property Features for 920 Silver Creek Road
General Information
Property type
Property subtype
Zoning description
Subdivision
Lot features
Elementary school district
Middle school district
High school district
Standard status
Lot size
Building Details
Buildings
Listing Agency:
RE/MAX 1ST REALTY · RE/MAX International
(906) 225-1136
Listed By:
KRISTINE GOUPILLE · License MI #6501288851
(906) 250-7344
Added: Aug 11
Changed: Nov 13
Last Checked: Nov 14 at 8:06AM
MLS# 50218156
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property includes a 32-by-24-foot garage with an open interior, electric service and propane heat. The main garage has an additional 12 feet on each side. The building is set on a 0.39-acre parcel at 920 Silver Creek Road in Marquette, Michigan.
The property is not commercially zoned. Township approval may allow construction of a small home.
The property is not commercially zoned. Township approval may allow construction of a small home.
Key Highlights
- 0.39‑acre parcel in Marquette, Michigan
- Main garage measures 32x24, with 12 additional feet on each side
- Open floor plan with electric service and propane heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,880
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$97,600
$97.6K
Cap Rate 7%
$69,714
$69.7K
Cap Rate 9%
$54,222
$54.2K
Market Conditions
NOI Build-Up for 768 SF
Gross rent
$6.5K $8.40/SF
− Vacancy
−$710 −$0.92/SF
EGI
$5.7K $7.48/SF
− OpEx
−$861 −$1.12/SF
NOI
$4.9K $6.35/SF
Area
Marquette County, MI
Vacancy
11.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$97,600
Cap Rate 7%
$69,714
Cap Rate 9%
$54,222
Alternative Uses
Best Use
Warehouse
$69.7K
$61.0K – $81.3K
NOI $4,880 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$226.2K
$197.9K – $263.9K
NOI $15,833 @ 7.0% cap · market cap 16.68%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - The garage has electric service and propane heat, with additional land surrounding the building.
Where is this warehouse located?
The property is located at 920 Silver Creek Road Marquette, MI.
What is the asking price?
The asking price for this property is $94,900.
What are key features of this property?
This property features: 0.39‑acre parcel in Marquette, Michigan; Main garage measures 32x24, with 12 additional feet on each side; Open floor plan with electric service and propane heat
