The Fizbit

Fizbo Market Record — March 27, 2026 Among the 6 active listings in Menominee, MI, 705 11th Avenue prices at $127,000, placing it at the 0th price percentile for both the city and the property type — the second lowest-priced entry in the Menominee active inventory. The city median runs $237,450, and this listing comes in at approximately 53% of that figure. Statewide at the 30th percentile against a Michigan median of $307,000, this property competes in a segment where the primary buyer profile is a first-time purchaser or investor evaluating carry cost against rental income potential. The value score of 53 is the highest in the current Menominee comp set, indicating that at $127,000, this listing delivers the strongest price-to-attribute ratio of any active listing in the city. The property is a 2-bedroom, 1-bathroom Tudor/Provincial-style two-story built in 1950 on a 0.07-acre lot, measuring 1,080 square feet. At $127,000, the price per square foot calculates to $117.59 — placing it at the 17th price-per-sqft percentile for Menominee where the city average is $153. That means this listing delivers more square footage per dollar than approximately 83% of the active Menominee inventory. The 0.07-acre lot is the smallest in the Menominee comp set, but for a two-bedroom urban property, lot size is rarely the primary purchasing criterion. The 1950 build year places this at the 0th year-built percentile for Menominee — the oldest active listing in the city. That age creates an expectation of deferred maintenance and outdated systems. This listing runs counter to that expectation with a specific set of updates that address the highest-visibility buyer objections: recently refinished hardwood floors, fresh paint throughout, updated bedroom carpet, newer vinyl siding, updated vinyl windows, and a newer roof. The combination of roof, windows, and siding represents the three exterior components that most significantly affect buyer perception and lender appraisal outcome. Having all three recently updated on a 75-year-old home materially reduces the risk premium a buyer would typically assign to this vintage. The bedroom count of 2 runs at 0.63 times the Menominee city average, and the single bathroom is at 0.5 times the average — both below local norms. For a buyer seeking a minimal-maintenance residential property, this configuration reduces occupant traffic and associated wear. For an investor, a 2-bedroom, 1-bath rental in a hot market with a $127,000 acquisition cost represents a gross rent multiplier that is difficult to replicate in most Michigan markets. At current Menominee rental rates for comparable properties (typically $750-$950 per month for this bedroom count and condition), the gross yield calculates in the 7-9% range before expenses. The 1.5-stall garage with alley access is a feature that urban-lot 2-bedroom properties in Menominee often lack. For the listing agent, the value score of 53 — the highest among all active Menominee listings — is the primary competitive argument. This listing has already been priced below the type median of $159,900 for the house category in Menominee by $32,900, and it is the only listing in the city that offers hardwood floors, updated mechanicals, newer siding, and a garage at sub-$130,000.