Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3308/land/munising/mi Marcus & Millichap, in conjunction with RI Marketplace, 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.