The Fizbit

Fizbo Market Record — March 27, 2026 Among the 6 active listings in Menominee, MI, N1731 South N-3 Drive prices at $224,900, placing it at the 50th price percentile for the city. The Menominee city median runs $237,450, so this listing comes in at approximately 95% of the local median — within 5% of the midpoint, which is as close to precisely median-priced as a listing can be in a 6-property comp set. Statewide against the Michigan median of $307,000, this sits at the 45th percentile. The market heat for this Menominee segment is classified as hot, and the property carries a value score of 33, indicating meaningful value relative to comparables at this price tier. What makes this listing genuinely unusual is the commercial component. The property includes a pole building designed as a commercial welding shop — 3 phases of electrical service, 14-foot door clearance, in-ceiling tube heating, a loft storage area, a small dedicated office, and insulation throughout. The pole building is built on a block foundation, structurally superior to most agricultural-use poles barns. It is metered separately from the residential structure, which means a buyer could rent the commercial space, operate a business independently, or use it for personal commercial purposes without integrating it into residential utility costs. This is a mixed-use acquisition that has no equivalent in the current Menominee active inventory. The residential portion is a 1,312 square foot ranch built in 1973 on a 0.86-acre lot, with 3 bedrooms, 1.5 bathrooms, first-floor laundry, a patio with pergola, a fenced yard, a storage shed, apple trees, and perennial plantings. The roof is approximately 6 years old, the septic was recently inspected and pumped, and windows have been updated. The full unfinished basement is presented as requiring minimal investment to complete. At $224,900 for the residential and commercial package combined, the price per square foot on the residential portion alone calculates to $171.42 — placing this at the 67th price-per-sqft percentile for Menominee where the city average is $153. That residential-only figure is above city average, but the commercial structure is not reflected in the residential square footage figure, which underrepresents the total value being conveyed. Built in 1973, this property sits at the 67th year-built percentile for Menominee, meaning roughly one-third of active inventory was built more recently. The 3-bedroom, 2-bathroom configuration (2 baths listed; 1.5 baths per the bedroom/bath ratio of 1.0 and 1.0 against city averages) reflects standard room counts for the local market. The 0.86-acre lot is above average for in-city Menominee residential properties, providing room for the additional driveway access to the pole building that the listing specifically notes. For the listing agent, the core positioning argument is that this is a residential/commercial hybrid priced at the residential median. A buyer who needs both a home and a commercial workspace — a tradesperson, a small business operator, or an investor seeking to rent the commercial space — is acquiring two separately metered revenue-generating or expense-reducing assets for a price that comparable residential-only properties in Menominee cannot match for the total square footage and utility delivered.