200 N 30Th St Escanaba, MI 49829
For Lease
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This exceptional 8,918 square foot industrial building presents a remarkable investment opportunity in Escanaba, Michigan. Situated on a substantial 4.63-acre lot, this property boasts unparalleled visibility with 488 feet of frontage on 1st Avenue North and 213 feet on North 30th Street, ensuring high traffic exposure. The expansive lot offers significant potential for future development and customization, catering to a wide range of business ventures. A large, paved 200 x 200 foot parking lot provides ample space for customers and employees. The versatile building itself is well-suited for a variety of uses, from a car or tractor dealership to a wedding venue, strip mall, medical clinic, or manufacturing facility. Its strategic location near major attractions and amenities, including Menards, a movie theater, shopping malls, Walmart, Aldi, and Meijer, adds significant value. The proximity to the hospital and airport further enhances its appeal and convenience. This property is ideally positioned within a rapidly developing area of Escanaba, making it an exceptional investment opportunity with significant upside potential. The asking price is $2,500,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.