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    321 Front St Marquette, MI 49855

    For Sale
    $995,000

    High-return office & apartment complex. Prime location, great income.

    Property size:
    6,048 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    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.

    Property Features for 321 Front St

    General Information

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

    Building Details

    Year Built
    1880
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    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
    -87.4054
    Latitude
    46.5374

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    FAQs

    What type of property is this?
    Investment property - High-return office & apartment complex. Prime location, great income.
    Where is this investment 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.
    (906) 225-1136
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    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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