2070 Us41 Marquette, MI 49855
This exceptional 31.21-acre industrial property in Marquette, Michigan, presents a unique investment opportunity. Boasting over 820 feet of frontage on US-41, one of the Upper Peninsula's busiest highways, this parcel offers unparalleled visibility and accessibility. The land itself is characterized by rolling hillsides, mature trees including century-old hemlocks, and breathtaking views of Lake Superior. A custom-built home, currently utilized as a wedding venue, is situated on the property. This home features a unique architectural design with curved walls and vaulted ceilings, creating an open and inviting floor plan ideal for entertaining. The main living area seamlessly integrates the kitchen, living room, and dining area. Both the main and upper levels include full bathrooms. A spiral staircase leads to a luxurious upper-level suite complete with a sitting area and ample closet space. The property's size and location, combined with the existing home's unique features, make this a truly remarkable and rare offering. The potential for development is significant, given the high-traffic location and stunning natural surroundings. This is a once-in-a-lifetime chance to acquire a substantial piece of land with exceptional potential in a desirable location. The property encompasses 2,834 square feet of existing building space. The asking price is $2,200,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.