Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Commercial Land on M-53 Title is generated by Realmo AI

    S Main Street, Marlette, MI 48453

    View on Map
    Claim this Listing
    For Sale
    $189,000

    LAND - Marlette, MI

    Lot size:
    2.86 Acres
    Added:
    Sep 8, 2025
    Days on Market:
    249
    Last Refresh:
    May 14 at 8:06 pm

    Property Features for S Main Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    33000540007500
    Lot size
    2.86 Acres

    Taxes and HOA fees

    Tax Description
    T10N R12E SEC 5 COM 660 FT S OF NE COR OF SE 1/4, RUNN TH S 66 FT, W 660 FT, TH N 264 FT, E 410 FT, TH S 198 FT TH E 250 FT TO POB TIF
    Tax Annual Amount
    2505

    We can help!

    Listing Contact
    Jenn Hines

    Listing agent Jenn Hines License #6501338132

    Listing office Hart Realty 3437 Main St, Marlette, MI

    Listing date Sep 8, 2025

    MLS# 20251034375 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial location directly on M‑53/Main Street.
    • High‑visibility with outstanding frontage on a well‑traveled route.
    • Located in the heart of Marlette's thriving commercial district.
    • 2.86‑acre parcel provides ample space for development.
    • Close proximity to established and successful businesses.
    • Strong local support and a community eager for new development.

    Overview

    This 2.86-acre commercial parcel is located directly on M-53/Main Street in the heart of Marlette's commercial district. The high-visibility location offers frontage on a well-traveled route, ensuring vehicle and foot traffic. The property is positioned in a community that welcomes new development and is close to established businesses. This property is suitable for launching a new venture or expanding an existing business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Marlette
    County
    Sanilac
    State
    Michigan
    Longitude
    -83.081582
    Latitude
    43.318892

    Nearby Similar for Sale

    • $735,000
      8,320 SF

      Prime Retail Building, Marlette, Michigan

      8,320 SF freestanding building on Main Street in downtown Marlette.
      2941 Main Street, Marlette, MI 48453
      View Details
    • $79,900
      2,463 SF

      Marlette Office Building For Sale

      Solid brick building with multiple offices and recent updates.
      6446 MORRIS Street, Marlette, MI 48453
      View Details
    • $649,000

      66 Acres Prime Development Land

      66-acre parcel ideal for residential or commercial development in Marlette.
      2701 Golf Course Drive, Marlette, MI 48453
      View Details
    • $839,000
      9,000 SF

      Marlette Commercial/Industrial Opportunity

      Commercial/Industrial property in Marlette, MI, featuring 10 units.
      2736 Golf Course, Marlette, MI 48453
      View Details
    • $225,000

      Residential Lots in Marlette, MI

      20 residential lots, approximately 5 acres, prime development opportunity.
      20 Vacant Lots Concord, Cranbrook & Tulane, Marlette, MI 48453
      View Details
    • $55,000

      Commercial Land Ready for Development

      Commercial zoned land for sale in Marlette, Michigan.
      V/L Golf Course Drive, Marlette, MI 48453
      View Details
    • $32,500

      Residential Lot in Marlette, MI

      Vacant lot in Marlette, ready for new construction.
      V/L Lorraine Street, Marlette, MI 48453
      View Details
    • $149,900

      17+ Acre Parcel in Marlette

      17+ acre parcel ideal for agriculture, recreation, or development.
      WOOD Road, Marlette Twp, MI 48453
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.86-acre commercial parcel in Marlette's thriving commercial district.
    Where is this commercial land located?
    The property is located at S Main Street Marlette, MI.
    What is the asking price?
    The asking price for this property is $189,000.
    What are key features of this property?
    This property features: Prime commercial location directly on M‑53/Main Street.; High‑visibility with outstanding frontage on a well‑traveled route.; Located in the heart of Marlette's thriving commercial district.
    (989) 635-4278
    We can help!
    Listing Contact
    Jenn Hines
    Real Estate License ID: 6501338132
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    S Main Street, Marlette, MI 48453
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!