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    N2119 Bay De Noc Menominee, MI 49858

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    Claim this Listing
    For Sale
    Under Contract
    $350,000

    Craftsman, Farm - Menominee, MI

    Type:Farm
    Property size:
    2,200 SF
    Lot size:
    39.82 Acres
    Price / SF:
    $159/SF
    Added:
    Nov 13, 2025
    Days on Market:
    168
    Last Refresh:
    Apr 30 at 11:06 am

    Property Features for N2119 Bay De Noc

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    Residential
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Living Room
    Parking features
    Garage, Garage - Detached
    Interior features
    Hardwood Floors
    Exterior features
    None (exteriorfeatures), Barn, Pole Barn, Garage(s), Second Garage, Workshop
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Standard status
    Active Under Contract
    APN
    010-003-025-00
    Size
    2,200 SF
    Lot size
    39.82 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1925
    Floors in Building
    1.5
    Flooring type
    Linoleum, Vinyl, Wood
    Building materials
    Vinyl Siding
    Architectural style
    Craftsman
    Additional Structures
    Barn(s), Garage(s), Second Garage, Workshop

    We can help!

    Listing Contact
    MICHAEL GOTSTEIN

    Listing agent MICHAEL GOTSTEIN

    Listing office COLDWELL BANKER REAL ESTATE GROUP N17488 Hwy 141, Pembine, MI

    Listing date Nov 13, 2025

    MLS# 50194273 Listing URL

    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.

    Overview

    Menominee Hobby Farm with Cultivation

    This property features a 4-bedroom, 2-bath farmhouse that can be configured as a one or two-family residence. A notable feature is the 36x40 two-story indoor growing/cultivation building, constructed of block and fully insulated. It includes grow lights, ballasts, timers, an automatic exhaust system, heat and air conditioning, a reverse osmosis water system, and 3-phase power, providing over 2,800 square feet of dedicated workspace. Additional outbuildings include a 72x36 steel pole building with a concrete floor, water, and 3-phase power, designed with drive-through doors on each end. There is also an 85x40 steel sided/roof barn and a 24x30 stone garage with loft. The property includes 2 drilled wells. The lot size is 39.82 acres. The property is located in Menominee, MI 49858. The property size is 2200 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cannabis Properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Menominee
    County
    Menominee
    State
    Michigan
    Longitude
    -87.6142079
    Latitude
    45.1898869

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    FAQs

    What type of property is this?
    Farm - Hobby farm featuring a cultivation building and multiple outbuildings.
    Where is this farm located?
    The property is located at N2119 Bay De Noc Menominee, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 36x40 Two‑Story Indoor Growing/Cultivation Building: Featuring insulated block construction, grow lights, and HVAC, offering over 2,800 sq ft of workspace.; 72x36 Steel Pole Building: Equipped with concrete floor, water, 3‑phase power, and drive‑through doors.; Hobby Farm: A unique property ideal for diverse agricultural ventures.
    (920) 536-0878
    We can help!
    Listing Contact
    MICHAEL GOTSTEIN
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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