Building Details

Year built 2022

Listing Agency: COLDWELL BANKER SCHMIDT REALTORS Show Phone

Listed By: CRAIG HEINONEN · License #UPAR Show Phone

Added: May 8 Changed: Aug 4 Last Checked: Aug 5 at 6:06PM

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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.

Two Marquette Place provides a first-floor commercial storefront space for lease, offered as leasehold “C.” The unit is approximately 1,574 square feet and is delivered in as-is condition, allowing an incoming tenant to design and complete a custom build-out for office or retail use. A standout feature is a private patio area with south-facing views, along with an adjoining green space.

The property is located at 407 S Lakeshore Boulevard in Marquette’s downtown lakeshore corridor. Dedicated open-air parking with direct access is available, and additional parking may be available on a first-come, first-served basis through Marquette DDA rates.

As a storefront layout on the first floor with private outdoor space, the space can support client-facing operations that benefit from an outdoor extension during peak downtown activity.

Key Highlights

• 1,574 SF first‑floor commercial storefront (Leasehold "C") in a modern mixed‑use downtown development
• Available for office or retail use in as‑is condition with space to complete a custom build‑out
• Private patio with south‑facing views plus adjoining green space for outdoor use

Property Analytics

Property Profile

Current Use

Office Units

Suggested Use

Top Pick Big Box & Wholesale Store Plumbing Service Auto Parts Store Garden Center Pharmacy Daycare Center

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

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

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

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Frequently Asked Questions

What type of property is this?

Office units - First-floor leasehold offers office or retail space with a private, south-facing patio and dedicated open-air parking.

Where is this office units 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 commercial storefront (Leasehold "C") in a modern mixed‑use downtown development; Available for office or retail use in as‑is condition with space to complete a custom build‑out; Private patio with south‑facing views plus adjoining green space for outdoor use