321 Front St Marquette, MI 49855
This exceptional investment opportunity presents a combined commercial and residential property ideally situated just a few blocks north of Washington Street in Marquette's vibrant downtown. The offering encompasses two contiguous buildings: a renovated multi-suite office building and a four-unit apartment building. The office building, located on North Front Street, boasts 6,048 square feet of space and features a welcoming reception area, abundant natural light, attractive hardwood floors, fireplaces on both levels, and convenient conference rooms on each level. A full-sized kitchen adds to the building's functionality. Both the office and apartment buildings benefit from substantial basement storage. The four-unit apartment building, accessible from both North Front Street and West Arch Street, provides consistent rental income with all units currently occupied. A detached garage with space for two or more vehicles adds further value. The property sits on a 0.57-acre lot and offers ample off-street parking, along with potential for future expansion. This turnkey investment is priced at $995,000 and presents a rare chance to acquire a high-yield property in a desirable downtown location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.