Marquette Commercial Investment Opportunity

1021 W Washington St, Marquette, MI 49855

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For Sale

Contact for pricing

Well-maintained, fully leased commercial property in a desirable location.

Type:Office, Retail

Property size:

6,000 SF

Price / SF:

$183/SF

HighLights

Fully leased commercial building providing immediate and reliable rental income.
Located in a desirable Marquette location with high visibility and accessibility.
32 parking spaces for customer and tenant convenience.
Low‑maintenance design and durable rubber membrane roof.
Independent heating systems for each unit.
Security steel doors on most entries for added protection.

We can help!

Contact an agent

Fran Sevegney

For Sale

Contact for pricing

Well-maintained, fully leased commercial property in a desirable location.

Type:Office, Retail

Property size:

6,000 SF

Price / SF:

$183/SF

Added:: Jan 26, 2026
Days on Market:: 152
Last Refresh:: Mar 17 at 1:13 pm

Property Features for 1021 W Washington St

General Information

Standard status: Active
Size: 6,000 SF
Property subtype: Office, Retail

Building Details

Year Built: 2002

We can help!

Contact an agent

Fran Sevegney

Listing office RE/MAX 1st Realty

Listing date Jan 26, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 1st Realty

HighLights

Fully leased commercial building providing immediate and reliable rental income.
Located in a desirable Marquette location with high visibility and accessibility.
32 parking spaces for customer and tenant convenience.
Low‑maintenance design and durable rubber membrane roof.
Independent heating systems for each unit.
Security steel doors on most entries for added protection.

Overview

This commercial property, constructed in 2002, offers over 6,000 square feet of space divided into four rental units. All units are currently leased, providing rental income. The property features a strong rental history with stable tenants. There are 32 parking spaces available for customer and tenant convenience. Each unit has independent heating systems. The building has a rubber membrane roof. Security steel doors are installed on most entries. The property is designed for low maintenance. The landlord is responsible for water, except for the laundromat, which is separately metered. The property is located in a commercial area with high visibility and accessibility, making it suitable for investors seeking a turnkey addition to their portfolio.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$144.0k	$24.00
− Vacancy	−$20.3k	−$3.38
EGI	$123.7k	$20.62
− OpEx	−$30.9k	−$5.15
NOI	$92.8k	$15.46

6,000 SF · lease $24.00/SF/yr · vacancy 14.10% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $92,772 @ 7.0% cap · market cap 8.43%

Second Best

Retail

$1.05M

$920.4K – $1.23M (±1% cap)

NOI $73,634 @ 7.0% cap · market cap 6.69%

Theoretical Best

Office A

$1.77M

$1.55M – $2.06M (±1% cap)

NOI $123,696 @ 7.0% cap · market cap 11.25%

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

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Marquette
County: Marquette
State: Michigan
Longitude: -87.41581
Latitude: 46.545818

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For sale
Retail space
MI
Marquette
49855
1021 W Washington St

What type of property is this?

Retail space - Well-maintained, fully leased commercial property in a desirable location.

Where is this retail space located?

The property is located at 1021 W Washington St Marquette, MI.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Fully leased commercial building providing immediate and reliable rental income.; Located in a desirable Marquette location with **high visibility and accessibility**.; **32 parking spaces** for customer and tenant convenience.