Commercial
For Sale
$550,000
Pending
600 Hawley Street, Marquette, MI 49855
COM/IND/BUS OPP, Marquette, MI
Property Size4,800 SF
Lot Size1.16 Acres
Days on Market78
Property Features for 600 Hawley Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Marquette (52016)
Standard status
Pending
Size
4,800 SF
Lot size
1.16 Acres
Additional Details
Property Use
Warehouse
Taxes and HOA fees
Tax Year
2025
Utilities
Water source
Public
Building Details
Year built
1998
Listing Agency:
RE/MAX 1ST REALTY · RE/MAX International
(906) 225-1136
Listed By:
DAVE MINGAY
(906) 361-7604
Added: Aug 13
Changed: Oct 21
Last Checked: Oct 29 at 12:06PM
MLS# 50218524
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.
Located at 600 Hawley Street in Marquette, this 4,800-square-foot commercial warehouse was built in 1998. The property occupies 1.16 acres and has a public water source. The stated property uses include commercial activity, warehousing, and storage.
The site is in the City of Marquette, with access to downtown Marquette, Northern Michigan University, and Lake Superior.
The site is in the City of Marquette, with access to downtown Marquette, Northern Michigan University, and Lake Superior.
Key Highlights
- 4,800‑square‑foot commercial warehouse
- 1.16‑acre site
- Built in 1998
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,502
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,040
$610.0K
Cap Rate 7%
$435,743
$435.7K
Cap Rate 9%
$338,911
$338.9K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$40.3K $8.40/SF
− Vacancy
−$4.4K −$0.92/SF
EGI
$35.9K $7.48/SF
− OpEx
−$5.4K −$1.12/SF
NOI
$30.5K $6.35/SF
Area
Marquette County, MI
Vacancy
11.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,040
Cap Rate 7%
$435,743
Cap Rate 9%
$338,911
Alternative Uses
Best Use
Warehouse
$435.7K
$381.3K – $508.4K
NOI $30,502 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,957 @ 7.0% cap · market cap 17.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Well-served
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Lack & Leave Storage — 242 Wright St, Marquette, MI 49855
- Superior Mini Storage — 2120 Sugar Loaf Ave, Marquette, MI 49855
- Marquette Boat Storage, LLC — 440 River Park Cir, Marquette, MI 49855
- Riverpark Storage — 2515 Schneider Mill Ct, Marquette, MI 49855
Frequently Asked Questions
What type of property is this?
Warehouse - Built in 1998, the facility offers space for warehouse and storage operations.
Where is this warehouse located?
The property is located at 600 Hawley Street Marquette, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,800‑square‑foot commercial warehouse; 1.16‑acre site; Built in 1998
