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Property profile

S304 Menominee St Stephenson, MI 49887

OFF-MARKET
Commercial real estate
6,544 SF 0.27 ac lot Built 1960
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Property summary

AI-generated overview

This exceptional 6,544 square foot commercial building is situated on a 0.27-acre lot in Stephenson, MI, at S304 Menominee Street. The single-story structure is constructed of concrete block and features a full basement, providing ample storage space. The roof is a recently replaced rubber roof, ensuring long-term durability. On-site parking is available for convenience. The property is zoned for commercial use and is currently in excellent condition, with no deferred maintenance. Ideal for commercial-retail or storage uses, this versatile building includes a loading dock, pre-installed shelving, coolers, and freezers, making it ready for immediate occupancy. The property comprises two parcels, #052-050-273-00 and #052-050-267-00. Please note that a deed restriction will be in place upon conveyance, prohibiting the use of the property as a grocery store. This presents a unique opportunity for a variety of businesses seeking a well-maintained, functional space in a prime Stephenson location. The asking price is $139,900. This is a turnkey operation ready for your business to thrive. The building's solid construction and recent upgrades make this a sound investment. Contact us today to schedule a viewing.

Property profile

Verified
Property type Commercial real estate
Year built 1960
Total area 6,544 SF
Lot 0.27 ac (11,761 SF)

Cap rate & NOI

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

Location

S304 Menominee St Stephenson, MI 49887
Stephenson metro
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Value estimations

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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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