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9568 Michigan 28 Hwy - $1 Auction – 1.38 AC | Dollar General Adj. 1.38 Acres of Commercial Land Offered at $25,000 in Munising, MI 49862
Investment Highlights
- ABSOLUTE $1 AUCTION | 1.38 Acre Parcel | Dollar General Adjacent | 6K VPD | AUCTION AUGUST 24-26
- 6,899 VPD Traffic Counts with Commercial Zoning for a Variety of Flexible Uses & Activities
- Attractive Demographics with ±$66,650 Annual Household Income and ±3,500 Individuals (5-miles)
- ±1.38 Acres of Land adjacent to Dollar General in Munising, MI
- Demand Drivers Nearby: Tractor Supply, U-Haul, Alger Correctional Facility, 41 Lumber, AmericInn by Wyndham, and more
- Absolute $1 Auction - NO RESERVE
Executive Summary
Marcus & Millichap is pleased to present a ±1.38-acre land parcel located adjacent to 9574 M-28 (the “Property”) in Munising, Michigan. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE!
The Property consists of a ±1.38-acre parcel situated adjacent to Dollar General on Michigan Highway 28 with traffic counts of ±6,889 vehicles per day (VPD). Nearby demand drivers include Tractor Supply, U-Haul, Alger Correctional Facility, 41 Lumber, AmericInn Wyndham, and more. Zoned C, General Commercial, the Property offers flexible zoning that accommodates a broad range of retail, service, mini-warehouse, restaurant, and commercial uses.
Munising is a small Upper Peninsula market on Lake Superior, best known as the gateway to Pictured Rocks National Lakeshore. The market benefits from heavy seasonal visitor traffic, demand tied to lodging, outdoor recreation, food service, and local commercial uses. Munising offers a clean tourism-driven investment thesis in a scenic, supply-constrained Northern Michigan location. The surrounding ±5-mile trade area is home to ±3,500 residents with an average household income (AHHI) of ±$66,650. The population has experienced 5.36% growth from 2020-205 with growth expected to continue through 2030.
The Property consists of a ±1.38-acre parcel situated adjacent to Dollar General on Michigan Highway 28 with traffic counts of ±6,889 vehicles per day (VPD). Nearby demand drivers include Tractor Supply, U-Haul, Alger Correctional Facility, 41 Lumber, AmericInn Wyndham, and more. Zoned C, General Commercial, the Property offers flexible zoning that accommodates a broad range of retail, service, mini-warehouse, restaurant, and commercial uses.
Munising is a small Upper Peninsula market on Lake Superior, best known as the gateway to Pictured Rocks National Lakeshore. The market benefits from heavy seasonal visitor traffic, demand tied to lodging, outdoor recreation, food service, and local commercial uses. Munising offers a clean tourism-driven investment thesis in a scenic, supply-constrained Northern Michigan location. The surrounding ±5-mile trade area is home to ±3,500 residents with an average household income (AHHI) of ±$66,650. The population has experienced 5.36% growth from 2020-205 with growth expected to continue through 2030.
Property Facts
| Price | $25,000 | Proposed Use | Commercial |
| Sale Type | Investment | Total Lot Size | 1.38 AC |
| No. Lots | 1 | Cross Streets | Knox |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial |
| Price | $25,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.38 AC |
| Cross Streets | Knox |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $25,000 | Lot Size | 1.38 AC |
| Price Per AC | $18,115.94 |
| Price | $25,000 |
| Price Per AC | $18,115.94 |
| Lot Size | 1.38 AC |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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