The Fizbit

Fizbo Market Record — March 27, 2026 Among the 6 active listings in Menominee, MI, N700 South P-3 Lane holds the highest price position in the city at the 100th price percentile with a $499,900 asking price. The Menominee city median runs $237,450, placing this listing at 2.11 times the local median. Statewide across the 24 tracked Michigan listings, this property sits at the 85th price percentile against a state median of $307,000. The market heat classification for this segment is "hot," which is notable context given that this listing also carries the highest value score pressure: a value score of 13, reflecting that the listing is priced at the upper limit of what the local data set supports, making precise positioning critical. The property covers 15 acres on a dead-end road with a 1,944 square foot house, a 3.5-car attached garage, and a 52 feet by 36 foot outbuilding originally constructed as a horse stable with heated water supply. At $499,900 for 15 acres, the price-per-acre calculation comes to approximately $33,327 blended across all components. The house itself — a 1977-built ranch with granite countertops, Kohler farmer's sink, custom cherry cabinetry, porcelain tile floors with in-floor heat, and two distinct full bathrooms each designed with premium fixtures — represents a level of finish that is atypical for Menominee inventory at any price point. The property prices at the 100th price-per-sqft percentile for the city at approximately $257.15 per square foot against a city average of $153, a premium of 68% that must be defended with the acreage, the outbuilding, and the interior finish quality. The bathroom specification is worth specific detail: one bathroom features 6 Kohler shower heads, a finish level that signals a renovation investment well above standard. Hand-laid pavers, stamped concrete, turtle rock and boulders, outdoor lighting, and two private patios constitute an exterior package that reflects significant landscaping capital. The 5-acre electric fence perimeter accommodates equestrian or livestock use. The outbuilding, currently configured as a stable capable of holding 800 bales of hay, can be dismantled and repurposed as a general workshop per the listing — which broadens its appeal beyond the equestrian buyer to any buyer who needs large covered commercial-grade workspace. Built in 1977, this property sits at the 67th year-built percentile for Menominee, meaning approximately one-third of active inventory was built more recently. The 3-bedroom, 2-bathroom configuration is at 0.95 and 1.0 times the city averages respectively — standard by local norms, which means the premium over city median is entirely driven by land, outbuildings, and finish quality rather than room count. For the listing agent, the positioning strategy requires separating this property from the $237,450 median conversation entirely. The buyer pool for N700 South P-3 Lane is not cross-shopping with the typical Menominee listing — it is a specific buyer who needs 15 acres, either with equestrian or livestock infrastructure, a large workshop facility, or both, and who values high-specification residential finishes. The 52 by 36 foot outbuilding alone would cost $75,000 to $150,000 to construct new depending on configuration and location. The dead-end road privacy, subdividable frontage on 38th Avenue, and the finish level of the residential structure together form the pricing case that takes this well beyond the city median.