601 West Munising Ave, Munising, MI 49862
For Sale
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This exceptional 2,411 square foot commercial property is situated on the highly trafficked Highway M-28 in Munising, Michigan, offering unparalleled visibility and accessibility. Located just one block from Lake Superior, the building boasts gorgeous views from its large front windows. The spacious interior provides a flexible open floor plan, easily adaptable to a variety of business needs, from retail and dining to professional services. Ample parking is available for customers and employees. The property sits on a 0.3-acre lot and benefits from prominent signage opportunities, ensuring maximum brand exposure. Its strategic location on the main corridor in and out of Munising attracts both local residents and tourists, creating a strong customer base. The seller is open to lease rental agreements. This unique property offers a blend of business potential and the scenic beauty of Munising, close to attractions like Pictured Rocks National Lakeshore. The asking price is $382,102.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.