S304 Menominee St Stephenson, MI 49887
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.