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    Germfask, MI Mcmillan, MI Columbus, MI
    Commercial Property on M28 Highway
    Updated: Aug 27, 2024
    Commercial Property on M28 Highway

    1523 W M28 Highway, Seney, MI 49883

    $295,000
    6,954 sqft · 0.33 AC lot
    Commercial property on main highway M28 with 160' frontage
    Building has multiple sections: one currently rented to the United States Post Office
    Additional section currently operated as a breakfast diner with retail space
    Year built 1955
    Heating: forced air; cooling: window unit(s)
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    Commercial Property on M28 Highway
    Updated: Aug 21, 2024
    Commercial Property on M28 Highway

    1523 W M28, Seney, MI 49883

    $295,000
    6,954 sqft
    Highway M28 frontage (160') provides excellent visibility for commercial purposes.
    Existing rental income from the United States Post Office.
    Divided building offers multiple income‑generating opportunities (diner, retail, potential for laundromat, antique shop, storage rental).
    High traffic flow location is ideal for a new business.
    On‑site parking available.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Seney, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Iconic Restaurant and Bar Opportunity
    Iconic Restaurant and Bar Opportunity

    10468 S Main Street, Rapid River, MI 49878

    $299,900
    3,938 sqft · 0.26 AC lot

    Historic restaurant and bar with potential for additional income.

    View details
    Munising Commercial Property For Sale
    Munising Commercial Property For Sale

    209 E Superior Street, Munising, MI 49862

    $399,000
    1,300 sqft · 0.15 AC lot

    High-visibility commercial property in Munising, Michigan, with restaurant and living quarters.

    View details
    Highway M-28 Commercial Property
    Highway M-28 Commercial Property

    601 West Munising Avenue, Munising, MI 49862

    $382,102
    2,411 sqft

    Versatile commercial building on Highway M-28 in Munising, Michigan.

    View details
    Prime Land in Rapid River
    Prime Land in Rapid River

    7683 US2 Highway, Rapid River, MI 49878

    $49,900
    1.97 AC lot

    Commercial land with high traffic exposure in Rapid River, MI.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Manistique Commercial Land For Sale
    Manistique Commercial Land For Sale

    6838 W US2 Highway, Manistique, MI 49854

    $350,000
    14.34 AC lot

    Vacant land with highway frontage near Lake Michigan.

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    Commercial Lot in Manistique
    Commercial Lot in Manistique

    183 FT Oak Street, Manistique, MI 49854

    $65,000
    18,126 sqft · 0.42 AC lot

    Paved corner lot suitable for various commercial ventures.

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    Commercial Land on Highway 2
    Commercial Land on Highway 2

    737 E Lakeshore Drive, Manistique, MI 49854

    $450,000
    0.97 AC lot

    Prime vacant lot in high-traffic commercial area.

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    Prime Commercial Land in Negaunee
    Prime Commercial Land in Negaunee

    362-368 E US41/M28 Highway, Negaunee, MI 49866

    $2,495,000
    5.00 AC lot

    High-exposure commercial land on US Highway 41/28 in Negaunee.

    View details

    Off-Market Properties in Seney, MI

    Consider similar Off-Market properties in Seney, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    10795 Grand St
    BAR, TAVERN

    10795 Grand St, Seney, MI 49883

    Value Estimation by Request
    1,920 sqft
    View details

    Seney, MI Restaurants Market Trends and Statistics

    Explore 3 restaurants for sale in Seney, MI on our real estate platform. These investment opportunities span a total of 13,908 square feet of properties for sale, with an estimated market value of $590,000.

    Sale prices for restaurant properties in Seney, MI start at $295,000, averaging $295,000, and reaching up to $295,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Breakfast & diners 2
    Bars & Pubs 1

    Demographics Overview

    Population 202
    Population Growth (5Y) +48.5%
    Median Household Income $50,069
    College Educated 25.7%

    High-Yield Neighborhoods for Investment

    Identify Seney submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49883 $295K

    Taxes & Financing

    Tax Rate (average for all types) 2.23%
    Property Tax per SF $8.86 per SF
    Tax Rate vs County Average 1.34 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Schoolcraft County

    New Delisted

    Total CRE Inventory on Market (SF)

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