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Property profile

508 10Th St Menominee, MI 49858

OFF-MARKET
Industrial properties
1,200 SF 0.17 ac lot Built 1970
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Property summary

AI-generated overview

This 1,200 square foot industrial property, situated on a 0.17-acre lot at 508 S 10th Street in Menominee, Michigan, presents a compelling opportunity for entrepreneurs and established businesses alike. Its location on a busy Menominee street ensures high visibility and accessibility, making it ideal for a variety of uses. The open-style interior offers considerable flexibility for customization, allowing for the creation of office space, retail space, storage facilities, or a combination thereof. Ample private parking is available on-site, providing convenience for employees and customers. The property is currently priced at $69,900 and is ready for a new owner to revitalize and adapt it to their specific business needs. This is a rare chance to acquire a well-positioned industrial space in a thriving Michigan community. The building's existing structure provides a solid foundation for a fresh start, allowing for creative design and efficient space planning. The potential for significant return on investment is high, given the property's location, size, and adaptability. Serious inquiries are encouraged to explore this exciting opportunity.

Property profile

Verified
Property type Industrial properties
Year built 1970
Total area 1,200 SF
Lot 0.17 ac (7,405 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

508 10Th St Menominee, MI 49858
Menominee metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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