For Sale
$349,900

3808 10Th St Menominee, MI 49858

Retail Space + Income-Producing Storage Units

Overview

Added:
Feb 3
Days on market:
84
This exceptional 13,259 square foot commercial property located at 3808 10TH STREET, Menominee, MI, presents a unique investment opportunity. Situated on a 0.8-acre lot, the property boasts a proven track record of success as a retail location for decades. The current configuration includes ample retail space ideal for a variety of businesses, complemented by a significant income stream generated from twenty (20) 10x20 storage units. Rental income from these units is sufficient to cover property taxes, with additional monthly income exceeding $3,000 generated from propane sales. This substantial supplemental income stream significantly enhances the property's profitability, providing a strong financial foundation before even commencing retail operations. The motivated seller, who is retiring, is open to considering reasonable offers and may offer seller financing terms. This turnkey operation offers a rare blend of established retail space and passive income potential, making it an attractive proposition for discerning investors and business owners alike. The property's prime location in Menominee, MI, further enhances its appeal. This is a truly exceptional opportunity to acquire a well-established and profitable commercial property with significant upside potential. Don't miss out on this chance to own a piece of Menominee's thriving business community.

Property Details for 3808 10Th St

Property type
Commercial real estate
Square Feet
13,259 SF
Year Built
1993
Lot Size (sq. ft)
34,848 SF

Location Insight

City
Menominee
County
MENOMINEE
State
Michigan
Latitude
45.13345
Longitude
-87.61217

FAQs

What type of property is this?
Commercial real estate - Retail Space + Income-Producing Storage Units
Where is the commercial real estate located?
The property is located at 3808 10Th St Menominee, MI.
What is the asking price?
The asking price for this property is $349,900.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3808 10Th St
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