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    Us-41 & Brickyard Rd Marquette, MI 49855

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    Us-41 & Brickyard Rd Marquette, MI 49855

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    • Power centers
    • 1.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Power centers

    Property Details for 0 Us-41 & Brickyard Rd

    Lot size
    1.80 lot acres
    Property type
    Power centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 1.8-acre property, known as the Shops of Marquette, presents a remarkable opportunity for investors and developers. Situated at the high-traffic intersection of US-41 and Brickyard Road in Marquette, Michigan, this site boasts a prime location within Marquette's premier retail corridor. The property is zoned for commercial use, making it ideally suited for a variety of ventures, particularly restaurants. Its expansive lot size offers ample space for development, allowing for significant flexibility in design and construction. The address, US-41 & Brickyard Rd, Marquette, MI 49855, ensures high visibility and accessibility for potential customers. This location benefits from strong existing commercial activity and significant daily traffic volume, providing an excellent foundation for a successful business. The property's classification as both retail and land provides a unique opportunity to create a thriving commercial development. This is an exceptional chance to acquire a highly desirable commercial property in a thriving Michigan market. The property's strategic location and zoning make it an attractive investment for those seeking a high-return opportunity in a dynamic retail environment. Serious inquiries are encouraged to explore the full potential of this exceptional offering. The property is currently for sale and ready for immediate development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marquette
    County
    Marquette
    State
    Michigan
    Longitude
    -87.4783
    Latitude
    46.5495

    Comparable in this City

    • Value Estimation by Request
      69.35 Acres

      725 County Road Hq

      Land • 69.35 Acres
      725 County Road Hq, Marquette, MI 49855
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    • Value Estimation by Request

      4205 Us-41

      Land
      4205 Us-41, Marquette, MI 49855
      View Details
    • Value Estimation by Request
      2.20 Acres

      2100 Us41

      Land • 9,500 SF
      2100 Us41, Marquette, MI 49855
      View Details
    • Value Estimation by Request
      1.57 Acres

      2680 Us41

      Land • 17,200 SF
      2680 Us41, Marquette, MI 49855
      View Details
    • Value Estimation by Request
      1.80 Acres

      Us-41 & Brickyard Rd

      Land • 1.80 Acres
      0 Us-41 & Brickyard Rd, Negaunee, MI 49855
      View Details
    • Value Estimation by Request
      4.42 Acres

      2001 Wilson St

      Land • 4.42 Acres
      2001 Wilson St, Marquette, MI 49855
      View Details

    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
    • $3,392,000
      30,660 SF

      Multi-Tenant Commercial Building For Sale

      30,660 SF multi-tenant commercial building in Marquette Township.
      3060 Us Highway 41, Marquette, MI 49855
      View Details
    • $2,750,000

      Historic Downtown Marquette Mixed-Use Building

      Mixed-use building in downtown Marquette with retail, office, and entertainment.
      128 West Washington St, Marquette, MI 49855
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    • $115,000
      5.00 Acres

      Wooded Land with Creek Access

      5-acre wooded parcel with Big Creek near Marquette.
      6382 Us Highway 41, Marquette, MI 49855
      View Details
    • $889,000
      3,456 SF

      Downtown Marquette Turnkey Business Opportunity

      Profitable coffee shop with two apartments in downtown Marquette.
      223 W Washington St, Marquette, MI 49855
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    • Contact for pricing
      4,280 SF

      Marquette Restaurant and Bar Opportunity

      Turnkey restaurant and bar in South Marquette with high visibility.
      1110 Champion St, Marquette, MI 49855
      View Details
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    Us-41 & Brickyard Rd
    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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