Historic Downtown Marquette Mixed-Use
For Sale
$2,750,000
128 West Washington Street, Marquette, MI 49855
Mixed-use building in downtown Marquette with retail, office, and entertainment.
Property Size65,262 SF
Price / SF$42.31
Days on Market154
Property Features for 128 West Washington Street
General Information
Standard status
Active
Size
65,262 SF
Property subtype
Mixed Use
Zoning
Commercial
Building Details
Building Size
65,262 SF
Year Built
1938
Listing Agency:
RE/MAX
Listed By:
Sindy Jensen · License #6501393192
(906) 235-1851
Source:
Remaxcommercial
Added: Apr 7
Changed: Sep 6
Last Checked: Sep 6 at 3:48AM
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
Investment Insights
Based on property information with market context.
Located in the heart of Marquette's downtown shopping district, this historic building has been a cornerstone of the community for more than a century. The approximately 65,000+sq ft building serves as a mixed-use destination featuring retail spaces, offices, gathering spaces, including a theater, a commercial kitchen, and a wedding/event venue with a bridal changing room suite. The property is suitable for redevelopment, entertainment venue, or mixed-use concept. Located in downtown Marquette, the largest city in Michigan’s Upper Peninsula, this property sits within the Downtown Development Authority district, an area targeted for continued economic growth and revitalization. The downtown corridor is characterized by a mix of retail, office, hospitality, and entertainment uses, supporting a diversified local economy. Demand is driven by a combination of regional commerce, tourism, and the influence of Northern Michigan University, which provides a steady population base. The city’s location along Lake Superior enhances its appeal as both a destination and a place to live and work, supporting long-term investment stability. The building has multiple revenue streams including retail, offices, theatre, and a wedding/event venue, with an established income stream from existing tenancies.
Key Highlights
- Multiple revenue streams from diverse uses: retail, offices, theatre, and wedding/event venue.
- Located in the heart of Marquette's Downtown Development Authority district, targeted for economic growth.
- Established income stream with existing tenancies.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 72%
Shops & Services 28%
Ramada
Hotels & Casinos
7,592 visits/mo
0.4 miles
BP
Shops & Services
3,286 visits/mo
0.5 miles
Hampton Inn Marquette Waterfront
Hotels & Casinos
3,165 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
937 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building in downtown Marquette with retail, office, and entertainment.
Where is this mixed-use property located?
The property is located at 128 West Washington Street Marquette, MI.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Multiple revenue streams from diverse uses: retail, offices, theatre, and wedding/event venue.; Located in the heart of Marquette's Downtown Development Authority district, targeted for economic growth.; Established income stream with existing tenancies.
