Adaptable Flex
For Sale
$950,000
405 Brookton Road, Marquette, MI 49855
COM/IND/BUS OPP, Marquette, MI
Property Size11,150 SF
Lot Size1.30 Acres
Price / SF$85.20
Days on Market529
Property Features for 405 Brookton Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Residential
Zoning description
Residential
Parking features
Parking Lot, Off Street
Subdivision
Brookton
Lot features
Main Street
Standard status
Active
Size
11,150 SF
Lot size
1.30 Acres
Additional Details
Property Use
Commercial/Industrial
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1978
Roof type
Shingle
Buildings
1
Listing Agency:
RE/MAX 1ST REALTY · RE/MAX International
(906) 225-1136
Listed By:
KRISTINE GOUPILLE
(906) 250-7344
Added: May 19, 2025
Changed: Oct 27
Last Checked: Oct 29 at 2:06AM
MLS# 50175277
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.
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Investment Insights
Based on property information with market context.
This 11,150-square-foot flex property, built in 1978, can be arranged as a single space or divided into multiple units. The building has forced-air heating, central air conditioning, a shingle roof, and public water service. Its 1.3-acre parcel includes two parking lots with off-street parking.
Located in Marquette Township, the property offers a configurable building layout and on-site parking for commercial use.
Located in Marquette Township, the property offers a configurable building layout and on-site parking for commercial use.
Key Highlights
- 11,150 square feet of building area
- 1.3‑acre parcel
- Layout can be used as one space or divided into multiple units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,080
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,600
$1.3M
Cap Rate 7%
$901,143
$901.1K
Cap Rate 9%
$700,889
$700.9K
Market Conditions
NOI Build-Up for 11,150 SF
Gross rent
$100.4K $9.00/SF
− Vacancy
−$10.2K −$0.92/SF
EGI
$90.1K $8.08/SF
− OpEx
−$27.0K −$2.42/SF
NOI
$63.1K $5.66/SF
Area
Marquette County, MI
Vacancy
10.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,600
Cap Rate 7%
$901,143
Cap Rate 9%
$700,889
Alternative Uses
Best Use
Flex RnD
$1.45M
$1.27M – $1.70M
NOI $101,790 @ 7.0% cap · market cap 10.71%
Second Best
Industrial
$901.1K
$788.5K – $1.05M
NOI $63,080 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$3.28M
$2.87M – $3.83M
NOI $229,868 @ 7.0% cap · market cap 24.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in Midwest region
Similar Off Market Nearby
- Superior Oasis — 2433 US-41, Marquette, MI 49855
Frequently Asked Questions
What type of property is this?
Flex space - A flexible interior can function as one commercial space or be separated into multiple units.
Where is this flex space located?
The property is located at 405 Brookton Road Marquette, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 11,150 square feet of building area; 1.3‑acre parcel; Layout can be used as one space or divided into multiple units
