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    2680 Us41 Marquette, MI 49855

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    2680 Us41 Marquette, MI 49855

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    • Specialty properties
    • 17,200 SF
    • 1.57 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 2680 Us41

    Lot size
    1.57 lot acres
    Property size
    17,200 SF
    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional commercial investment opportunity in Marquette, Michigan, presents 1.57 acres of land with approximately 210 feet of frontage on US-41, one of the busiest business corridors in the area. Boasting over 33,000 cars in daily traffic, this property offers unparalleled visibility and accessibility. The site includes four existing buildings totaling 17,200 square feet, currently comprised of two restaurants, two residential units, and multiple (five or more) office suites. Its strategic location places it less than a block from major retailers such as Walmart, Menards, Lowe's, and Meijer, ensuring high foot traffic and customer exposure. The property is zoned for general business use, providing flexibility for a wide range of commercial ventures. This is an ideal investment for developers or entrepreneurs seeking a high-traffic location with existing structures and significant development potential. The asking price is $1,075,000. The property consists of three separate parcels, offering further development opportunities. This is a rare chance to acquire a substantial commercial property in a thriving Marquette location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Marquette
    County
    Marquette
    State
    Michigan
    Longitude
    -87.448
    Latitude
    46.5499

    Comparable in this City

    • Value Estimation by Request
      2.20 Acres

      2100 Us41

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      21.59 Acres

      200 Zhooniyaa Miikana Trl

      COMMERCIAL MISC • 21.59 Acres
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    • Value Estimation by Request
      12,912 SF

      5043 Us Hwy 41st S

      COMMERCIAL MISC • 12,912 SF
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    • Value Estimation by Request
      0.23 Acres

      Us 41st S

      COMMERCIAL MISC • 0.23 Acres
      Us 41st S, Marquette, MI 49855
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    • Value Estimation by Request
      768 SF

      125 Chocolay Downs Golf Dr

      Golf courses & driving ranges • 768 SF
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      69.35 Acres

      725 County Road Hq

      Land • 69.35 Acres
      725 County Road Hq, Marquette, MI 49855
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    Similar Nearby for Sale

    • Contact for pricing

      Land Available For Sale

      Land available for sale at US-41 & Brickyard Rd.
      Us-41 & Brickyard Rd, Marquette, MI 49855
      View Details
    • $115,000
      5.00 Acres

      Wooded Land with Creek Access

      5-acre wooded parcel with Big Creek near Marquette.
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    • $1,100,000
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      Well-maintained, fully leased commercial property in a desirable location.
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      232.00 Acres

      232 Acres of Recreational Land

      232 acres near Marquette with creek frontage and development opportunity.
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    • $788,800
      340.00 Acres

      340 Acres Vacant Land Marquette

      340-acre vacant land with year-round access in Marquette, MI.
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    • $6,900,000
      43.00 Acres

      43 Acres on US 41

      43 acres of wooded land with 1,900 feet frontage.
      W Us 41, Marquette, MI 49855
      View Details
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    2680 Us41
    Marquette, MI 49855
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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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