Multi-Tenant Mixed-Use
3060 W US 41 Highway, Marquette, MI 49855
For Sale
$3,392,000
COM/IND/BUS OPP, Marquette, MI
Property Size30,660 SF
Lot Size4.60 Acres
Price / SF$110.63
Days on Market369
Property Features for 3060 W US 41 Highway
General Information
Property type
Property subtype
Zoning
Zoning description
Parking features
Lot features
Subdivision
Standard status
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Roof type
Buildings
Listing Agency:
RE/MAX 1ST REALTY · RE/MAX International
(906) 225-1136
Listed By:
FRAN SEVEGNEY · License #6502420591
(906) 869-7465
Added: Nov 3, 2025
Changed: Nov 6
Last Checked: Nov 6 at 7:06PM
MLS# 50193307
Copyright © 2026 Upper Peninsula Association 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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 30,660-square-foot commercial property was built in 1985 and is zoned Commercial. Five businesses operate in the building: Superior Lanes, Wings and Things Restaurant, Media Brew Radio Station, Hong Kong Buffet, and Marquette Meats. Superior Lanes includes bowling lanes, an arcade, and a restaurant; a liquor license is included in the sale and is not offered separately.
The property encompasses 4.6 acres, including an additional 2.1-acre parcel bordering Venture Drive. On-site parking provides 172 spaces. The site is on W US 41 Highway in Marquette, between Westwood Mall and Super One Foods, and next to Taco Bell and a planned veterans facility.
The property encompasses 4.6 acres, including an additional 2.1-acre parcel bordering Venture Drive. On-site parking provides 172 spaces. The site is on W US 41 Highway in Marquette, between Westwood Mall and Super One Foods, and next to Taco Bell and a planned veterans facility.
Key Highlights
- 30,660‑square‑foot multi‑tenant commercial building on 4.6 acres
- Five on‑site businesses include bowling, restaurants, radio broadcasting, and meat sales
- Additional 2.1‑acre parcel borders Venture Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,356
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,047,120
$4.0M
Cap Rate 7%
$2,890,800
$2.9M
Cap Rate 9%
$2,248,400
$2.2M
Market Conditions
NOI Build-Up for 30,660 SF
Gross rent
$367.9K $12.00/SF
− Vacancy
−$44.2K −$1.44/SF
EGI
$323.8K $10.56/SF
− OpEx
−$121.4K −$3.96/SF
NOI
$202.4K $6.60/SF
Area
Marquette County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,047,120
Cap Rate 7%
$2,890,800
Cap Rate 9%
$2,248,400
Alternative Uses
Best Use
Specialty Retail
$6.07M
$5.31M – $7.08M
NOI $424,650 @ 7.0% cap · market cap 12.52%
Second Best
Mixed Use
$2.89M
$2.53M – $3.37M
NOI $202,356 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$9.03M
$7.90M – $10.53M
NOI $632,087 @ 7.0% cap · market cap 18.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
381k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 36%
Dining 28%
Apparel 17%
Shops & Services 11%
Walmart
Superstores
76,286 visits/mo
0.4 miles
Target
Superstores
61,812 visits/mo
0.3 miles
Kohl's
Apparel
35,280 visits/mo
0.2 miles
Culver's
Dining
23,988 visits/mo
0.2 miles
Dunham's Sports
Apparel
21,802 visits/mo
0.1 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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five businesses operate on-site, spanning bowling, food service, radio broadcasting, and meat sales.
Where is this mixed-use property located?
The property is located at 3060 W US 41 Highway Marquette, MI.
What is the asking price?
The asking price for this property is $3,392,000.
What are key features of this property?
This property features: 30,660‑square‑foot multi‑tenant commercial building on 4.6 acres; Five on‑site businesses include bowling, restaurants, radio broadcasting, and meat sales; Additional 2.1‑acre parcel borders Venture Drive
