4250 Us Highway 41Marquette, MI 49855

  • Commercial real estate
  • 13,864 SF
For Sale
$949,000 View listing

Property Details for 4250 Us Highway 41

Lot size
2.46 AC
Property size (Sq ft)
13,864 SF
Zone code
DD
Property type
Commercial real estate
APN
52-08-019-024-05
APU
520801902405

Description

This exceptional commercial property, situated on a prominent 2.46-acre lot directly on US Highway 41 in Marquette, Michigan, offers unparalleled visibility and accessibility. Boasting over 13,000 square feet of combined space, this former tractor dealership features a spacious showroom and ample garage space, ideal for a variety of industrial uses. A significant advantage is the inclusion of a 1,500 square foot cold storage garage. The property benefits from high daily traffic counts exceeding 35,000 vehicles, ensuring maximum exposure. Located in the heart of Marquette, this property is within the North Central Upper Peninsula, a region rich in history and economic diversity, fueled by mining, timber, and tourism. Marquette itself is the largest city in the Upper Peninsula, offering a strong local economy anchored by major employers such as Marquette General Hospital (2,800 employees) and Northern Michigan University (1,000 employees). The city also benefits from a thriving medical sector, robust state agencies, and a significant educational presence. The property's strategic location, substantial size, and versatile layout present a unique opportunity for businesses seeking a prominent presence in a dynamic and growing market. The area's population includes 64,634 residents in Marquette County and 20,714 in the city of Marquette. The property's location along the shores of Lake Superior adds to its appeal.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,898,351
    Hospitality
    $2,654,874
    Educational
    $2,208,824
    Medical
    $2,284,788
    Retail
    $3,435,948

Location Insight

City
Marquette
County
Marquette
State
Michigan
Latitude
46.5423
Longitude
-87.4871
CBSA code
32100
CBSA name
MARQUETTE, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,454
-
-
$358,300
-
-
-
$716,600

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