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First-Floor Storefront with Patio
For Lease
$20 SF/Yr

407 S Lakeshore Boulevard, Marquette, MI 49855

COM/IND/BUS OPP, Marquette, MI

Space Size1,574 SF
Lot Size1.94 Acres
Days on Market141

Property Features for 407 S Lakeshore Boulevard

General Information

Property type Commercial Lease
Property subtype Other
Zoning Commercial
Zoning description Commercial
Parking features Parking Lot
Lot features Downtown Dev Authority
Subdivision Marquette (52016)
Standard status Active
Size 1,574 SF
Lot size 1.94 Acres

Utilities

Heating system Forced Air
Cooling system Central Air
Water source Public
Water front features Lake
Water front 1

Amenities

private patio area
adjoining green space
dedicated open-air parking

Building Details

Year built 2022
Listing Agency: COLDWELL BANKER SCHMIDT REALTORS
Listed By: CRAIG HEINONEN · License #6506047729
Added: May 8 Changed: Sep 3 Last Checked: Sep 25 at 8:06AM
MLS# 50206876

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.

Investment Insights

Based on property information with market context.

Leasehold “C” is a 1,574-square-foot, first-floor storefront within the Two Marquette Place mixed-use development. The space is offered in as-is condition and is configured for office or retail use, allowing a tenant to complete a build-out suited to its operations. A private patio with south-facing views connects to adjoining green space, extending the usable area beyond the interior.

The property is located along Marquette’s downtown lakeshore corridor, near downtown shops, restaurants, hotels, the waterfront, and year-round community activity. Dedicated open-air parking with direct access is available, with additional parking offered on a first-come, first-served basis through Marquette DDA rates. Building features include forced-air heating, central air, public water, and a 2022 construction date.

Key Highlights

  • 1,574 SF first‑floor storefront offered in as‑is condition
  • Office or retail use with space for a customized build‑out
  • Private patio with south‑facing views and adjoining green space

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

968
Businesses Nearby
Under-served
Demand for This Use

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - As-is commercial space offers office or retail functionality with a private outdoor area.
Where is this storefront property located?
The property is located at 407 S Lakeshore Boulevard Marquette, MI.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: 1,574 SF first‑floor storefront offered in as‑is condition; Office or retail use with space for a customized build‑out; Private patio with south‑facing views and adjoining green space
More about this property
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