Building Details

Year built 1940

Roof type Metal, Asphalt

Listing Agency: STATE WIDE REAL ESTATE OF ESCANABA e***@statewiderealestate.net Show Phone

Listed By: MIKE HARRIS · License #205616 Show Phone

Added: Jun 18 Changed: Aug 4 Last Checked: Aug 12 at 7:06AM

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MLS# 50211843

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.

Investment Insights

Based on property information with market context.

Warehouse property on approximately 0.87 acres with an impressive 194 feet of frontage on busy US-41 in Stephenson, MI. The main building includes an open-concept layout and a partial basement for additional storage. City water and sewer are already connected, and the roof is described as metal and asphalt. The building currently has no furnace, though the seller may consider installing one with an acceptable offer. The property includes a 625 sq. ft. building that has served as both a home and several businesses over the years.

Also included is a spacious 35' x 40' pole building with a 10-foot overhead door. The concrete floor is less than two years old. Electricity is not currently connected to the pole building, and the seller operates it using a generator for his resale business. A convenient circular driveway serves the main building, and a separate driveway provides access to the pole building. All shelving and retail display furniture in the pole building are included in the sale. The property is vacant and easy to show.

Built in 1940, this site offers practical space for storage, workshop, inventory, or other business uses, along with potential for office, retail, or conversion concepts based on the existing open layout.

Key Highlights

• Approximately 0.87 acres with 194 feet of frontage on US‑41
• 625 sq. ft. main building with open‑concept layout and partial basement
• 35' x 40' pole building with 10‑foot overhead door

Property Analytics

Current Use

Office Units

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 49887, MI

2,353

Population

1,727

Households

1.4

Avg Household Size

51

Median Age

21%

College-Educated

94%

High-School Grad

205.9 sq mi

ZIP Area

11

Density / Sq Mi

$54,821

Median Household Income

$34,833

Median Earnings

$691

Median Rent

$150,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse property with a pole building, city water and sewer, and strong US-41 frontage for flexible business uses.

Where is this warehouse located?

The property is located at N106 US 41 Highway Stephenson, MI.

What is the asking price?

The asking price for this property is $149,900.

What are key features of this property?

This property features: Approximately 0.87 acres with 194 feet of frontage on US‑41; 625 sq. ft. main building with open‑concept layout and partial basement; 35' x 40' pole building with 10‑foot overhead door