Storefront Mixed-Use
For Sale
$645,000
110 N 3rd St, Marquette, MI 49855
Commercial Sale, Marquette, MI
Property Size2,728 SF
Price / SF$236.44
Days on Market147
Property Features for 110 N 3rd St
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Furnished, Laundry, Living Quarters
Directions
Follow US-41 (Front Street/Washington Street) into downtown Marquette. Turn north onto North Third Street. Continue approximately one block. The building is located at 110 N Third Street, on the west side of Third Street, near the intersection of Third Street and West Washington Street in downtown Marquette.
Subdivision
80 - Other Areas
Standard status
Active
APN
52-52-001-506-40
Size
2,728 SF
Utilities
Heating system
Forced Air, Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Building materials
Masonry
Listing Agency:
Five Water Realty
(906) 226-7300
Listed By:
Mackenzie Thomas
(906) 630-1082
Added: Jun 4
Changed: Oct 8
Last Checked: Oct 28 at 10:06PM
MLS# 26-437
Copyright © 2026 Eastern Upper Peninsula Board 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.
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Investment Insights
Based on property information with market context.
This 2,728-square-foot masonry building at 110 N 3rd St has commercial storefronts on the main level and residential units above. A basement provides additional storage and utility space. The building dates to 1870 and includes laundry, living quarters, forced-air and electric heating, and window-unit cooling.
The property is in downtown Marquette, near shops, restaurants, tourism activity, and the university. Public water serves the building.
The property is in downtown Marquette, near shops, restaurants, tourism activity, and the university. Public water serves the building.
Key Highlights
- 2,728‑square‑foot mixed‑use building
- Commercial storefronts on the main level with residential units above
- Built in 1870; masonry construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,479
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,580
$669.6K
Cap Rate 7%
$478,271
$478.3K
Cap Rate 9%
$371,989
$372.0K
Market Conditions
NOI Build-Up for 2,728 SF
Gross rent
$49.1K $18.00/SF
− Vacancy
−$1.3K −$0.47/SF
EGI
$47.8K $17.53/SF
− OpEx
−$14.3K −$5.26/SF
NOI
$33.5K $12.27/SF
Area
Marquette County, MI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,580
Cap Rate 7%
$478,271
Cap Rate 9%
$371,989
Alternative Uses
Best Use
Retail
$478.3K
$418.5K – $558.0K
NOI $33,479 @ 7.0% cap · market cap 5.19%
Second Best
Mixed Use
$257.2K
$225.1K – $300.1K
NOI $18,005 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$803.4K
$703.0K – $937.3K
NOI $56,240 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
Demographics for 49855, MI
32,929
Population
15,779
Households
2.1
Avg Household Size
38
Median Age
45%
College-Educated
96%
High-School Grad
206.9 sq mi
ZIP Area
159
Density / Sq Mi
$62,321
Median Household Income
$27,408
Median Earnings
$992
Median Rent
$245,100
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-level commercial space is paired with residential units and basement storage.
Where is this mixed-use property located?
The property is located at 110 N 3rd St Marquette, MI.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 2,728‑square‑foot mixed‑use building; Commercial storefronts on the main level with residential units above; Built in 1870; masonry construction
