Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    605 Main St Marinette, WI 54143

    Sponsored
    For Sale
    $450,000

    COMMERCIAL - Marinette, WI

    Type:Office
    Lot size:
    0.52 Acres
    Days on Market:
    132
    Last Refresh:
    Feb 3 at 6:06 pm

    Property Features for 605 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 1, Bedroom 2
    Bedrooms
    3
    APN
    251-04438.000
    Parking features
    Garage
    Lot size
    0.52 Acres

    Utilities

    Heating system
    Hot Water(Heating), Natural Gas
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl, Carpet
    Building materials
    Frame
    Roof type
    Composition, Shingle

    We can help!

    Listing Contact
    John C Francis

    Northern Realty and Land, LLC (715) 276-2301

    Listing agent JOHN FRANCIS (715) 276-2301 License #38506 - 90

    Listing date Sep 25, 2025

    MLS# 209134 Listing URL

    Copyright © 2026 Northwoods Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Marinette Mixed-Use Building For Sale

    This mixed-use property in Marinette, Wisconsin, features a commercial space and a residential apartment, along with a large garage, situated on a 0.52-acre triple lot. The upstairs apartment includes three bedrooms with closets and built-in shelves, a kitchen equipped with a stainless steel refrigerator and stove, a pantry, a living room (17 ft x 22 ft), a dining room, and a full bathroom. The main level includes a laundry room with a washer and dryer, two bathrooms, a library, a bar room, a lounge, and a 50 ft x 49 ft space suitable for a business or additional apartments. The kitchen measures 15 ft x 17 ft, the primary bedroom is 16 ft x 13 ft, the second bedroom is 14 ft x 12 ft, and the third bedroom is 10 ft x 17 ft. There are two full bathrooms and one half bathroom. A full basement is also included, offering additional space. This property presents a potential investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marinette
    County
    Marinette
    State
    Wisconsin
    Longitude
    -87.6103878
    Latitude
    45.09088375

    Nearby Similar for Sale

    • $450,000
      4,292 SF

      Mixed-Use Building with Large Garage

      Commercial and residential building with income potential and large garage.
      605 Main St, Marinette, WI 54143
      View Details
    • $185,000
      2,002 SF

      Marinette Duplex: Investment Opportunity

      Tenant-occupied duplex in Marinette, WI, with immediate cash flow.
      622 Main St, Marinette, WI 54143
      View Details
    • $179,900
      2,000 SF

      Main Street Commercial Building

      2,000 sq ft commercial building on Main Street.
      1460 Marinette Ave, Marinette, WI 54143
      View Details
    • $179,900

      Main Street Commercial Building For Sale

      2,000 sq ft commercial building on Main Street.
      1460 Marinette Ave, Marinette, WI 54143
      View Details
    • Contact for pricing
      13 SF

      Retail Space Near Walmart Supercenter

      Retail property with high visibility and traffic near Lake Michigan.
      2910 Roosevelt Rd, Marinette, WI 54143
      View Details
    • $860,000
      13,260 SF

      Marinette Office Building For Sale

      Office building with expansion potential near major employers and hospital.
      1301 Cheri Blvd, Marinette, WI 54143
      View Details
    • $425,000
      13,574 SF

      Office Building with Development Potential

      Office building on 1.88 acres near Aurora Medical Center.
      1106 University Dr, Marinette, WI 54143
      View Details
    • $750,000

      Renovated Mixed-Use Building with Apartments

      Mixed-use building featuring commercial space and three renovated apartments.
      2118 Hall Ave, Marinette, WI 54143
      View Details
    • $189,900

      Downtown Marinette Mixed-Use Property

      Mixed-use property with commercial and residential units in downtown Marinette.
      1708 Main St, Marinette, WI 54143
      View Details
    • $79,900
      921 SF

      Prime Marinette Commercial Property

      High-yield investment, established tenant.
      3007 Shore Dr, Marinette, WI 54143
      View Details
    • $1,750,000
      10,752 SF

      Established Marinette Restaurant & Brewery

      Turnkey Restaurant & Brewery, 10,752 sq ft
      2029 Old Peshtigo Rd, Marinette, WI 54143
      View Details
    • $209,900
      8,526 SF

      Prime Marinette Commercial Space

      8,526 sq ft, 0.2 acre lot, $209,900
      2100 Hall Ave, Marinette, WI 54143
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial and residential building with large garage on a triple lot.
    Where is this mixed-use property located?
    The property is located at 605 Main St Marinette, WI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Commercial & Residential building offering income potential.; - Large 50' X 49' space suitable for business or additional apartments.; - Upstairs apartment features 3 large bedrooms, kitchen with stainless steel appliances, living room, dining room, and full bathroom.
    (715) 276-2301
    Request Owner's contact information
    605 Main St Marinette, WI 54143
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    605 Main St
    Marinette, WI 54143
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    605 Main St Marinette, WI 54143
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John C Francis
    Real Estate License ID: 38506 - 90
    (715) 276-2301
    Learn more
    Google sign-in failed. Please try again or use another login method.