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    321 Front St Marquette, MI 49855

    Sponsored
    For Sale
    $995,000

    Multifamily & Office Complex, High Return

    Property size:
    6,048 SF

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    348
    This exceptional investment opportunity in Marquette, MI, presents two buildings on a combined 0.57-acre lot at 321 & 323 N Front St, just blocks from Washington Street. The property boasts 6,048 square feet and includes a multi-suite, updated office building and a contiguous four-unit apartment building. Both buildings, constructed in 1880, offer substantial basement storage and a detached two-car-plus garage. The office building features a welcoming reception area, abundant natural light, hardwood floors, fireplaces on each level, multiple conference rooms, and a sizable kitchen. The apartment building comprises four uniquely designed one-bedroom units, consistently maintaining full occupancy. The property is zoned for multi-family and professional office use, providing flexibility and potential for expansion. Excellent off-street parking is available. This prime location offers high visibility and strong rental income potential, making it an attractive investment for discerning buyers. The asking price is $995,000.

    Property Features for 321 Front St

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,048 SF
    Lot Size
    24,829 SF

    Building Details

    Year Built
    1880
    Buildings
    2

    HighLights

    • $995,000 asking price.
    • Multifamily and office property totaling 6,048 square feet.
    • Two buildings on a 0.57‑acre lot, built in 1880.
    • Multi‑family and professional office zoning.
    • Located at 321 & 323 N Front St, Marquette, MI 49855.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Accounting Firm Hotel & Motel Car Rental

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

    Location Insight

    • Map
    • Local Demand
    City
    Marquette
    County
    Marquette
    State
    Michigan
    Longitude
    -87.3925775
    Latitude
    46.5458765

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily & Office Complex, High Return
    Where is this multifamily property located?
    The property is located at 321 Front St Marquette, MI.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: $995,000 asking price.; Multifamily and office property totaling 6,048 square feet.; Two buildings on a 0.57-acre lot, built in 1880.
    Request Owner's contact information
    321 Front St Marquette, MI 49855
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    Realmo Value Estimation

    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.

    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.

    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
    321 Front St Marquette, MI 49855
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