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Property profile & analytics
OFF-MARKET
Warehouses
645 Palms Ave, Ishpeming, MI 49849-1036
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-2079719
Property summary
AI-generated overview
This 0.8-acre vacant land is located in Ishpeming, Michigan, along the US41 corridor. The south side of the lot borders US41, while the north side borders Elm Avenue, potentially suitable for shipping and receiving. The east side of the property offers private road access. The landscape allows for a building design with lower-level warehousing at Elm Street level.
Property profile
Verified
Property type
Warehouses
Use group
VACANT COMMERCIAL LAND
Lot
0.8 ac (34,848 SF)
Zoning code
GC
APN
52-51-600-004-00
UPID
US43-2079719
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
L & M ENTERPRISES LLC
L & M ENTERPRISES LLC
Zoning & alternative use
GC · Ishpeming, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ishpeming submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ishpeming submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$653
Tax year 2023
Assessed value
$10,000
Assessed 2023
Previous assessed
$14,750
-32.2% YoY
Effective rate
6.53%
On assessed value
Total market value
$20,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.8 ac (34,848 SF)
Zoning code
GC
APN
52-51-600-004-00
UPID
US43-2079719
Jurisdiction
MARQUETTE
Zoning & alternative use
GC · Ishpeming, MI
Zoning GC · permitted uses
GC · Ishpeming, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ishpeming. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.8 ac
Current owner
From public records · entity-resolved
L & M ENTERPRISES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2200 WOODLAND DR, ISHPEMING, MI 49849-3330
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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