Convenience Store with
For Sale
$2,400,000
920 Wright Street, Marquette, MI 49855
COM/IND/BUS OPP, Marquette, MI
Property Size4,976 SF
Lot Size0.41 Acres
Price / SF$482.32
Days on Market392
Property Features for 920 Wright Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, Off Street
Lot features
Corner Lot
Subdivision
Marquette (52016)
Standard status
Active
Size
4,976 SF
Lot size
0.41 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Listing Agency:
RE/MAX 1ST REALTY · RE/MAX International
(906) 225-1136
Listed By:
SALLY STEEN
(906) 361-7703
Added: Oct 3, 2025
Changed: Oct 27
Last Checked: Oct 29 at 3:06AM
MLS# 50190632
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.
This convenience and party store includes a deli serving subs and pizza. The 4,976-square-foot building dates to 1976 and has forced-air heating and central air conditioning. Public water serves the property, with parking available on site and off street.
The 0.41-acre property sits at a busy intersection in Marquette, near Northern Michigan University, north-side neighborhoods, Marquette Tourist Park, and the lakefront. Access to the parking lot is available from both Wright Street and Sugar Loaf Avenue. The property is also described as a stop along the route toward Big Bay.
The 0.41-acre property sits at a busy intersection in Marquette, near Northern Michigan University, north-side neighborhoods, Marquette Tourist Park, and the lakefront. Access to the parking lot is available from both Wright Street and Sugar Loaf Avenue. The property is also described as a stop along the route toward Big Bay.
Key Highlights
- 4,976‑square‑foot building on 0.41 acres
- Deli serves subs and pizza
- Parking lot access from Wright Street and Sugar Loaf Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,919
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,378,380
$1.4M
Cap Rate 7%
$984,557
$984.6K
Cap Rate 9%
$765,767
$765.8K
Market Conditions
NOI Build-Up for 4,976 SF
Gross rent
$94.3K $18.96/SF
− Vacancy
−$2.5K −$0.49/SF
EGI
$91.9K $18.47/SF
− OpEx
−$23.0K −$4.62/SF
NOI
$68.9K $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%
$1,378,380
Cap Rate 7%
$984,557
Cap Rate 9%
$765,767
Alternative Uses
Best Use
Specialty Retail
$984.6K
$861.5K – $1.15M
NOI $68,919 @ 7.0% cap · market cap 2.87%
Second Best
Retail
$872.4K
$763.3K – $1.02M
NOI $61,067 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,585 @ 7.0% cap · market cap 4.27%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
1k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Stone Creek Coffee
Dining
1,356 visits/mo
0.4 miles
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Food service, central air, and parking lot access from two streets support the store’s established retail operation.
Where is this grocery and convenience store located?
The property is located at 920 Wright Street Marquette, MI.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 4,976‑square‑foot building on 0.41 acres; Deli serves subs and pizza; Parking lot access from Wright Street and Sugar Loaf Avenue
