856 W Washington Street, Marquette, MI 49855
COMMERCIAL - Marquette, MI
- Added:
- Jul 1, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 6 at 4:06 am
Property Features for 856 W Washington Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Off Street
- Exterior features
- Wheelchair Access
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 3,563 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14275
Utilities
- Heating system
- Forced Air, Zoned
- Cooling system
- Ceiling Fan(s), Central Air, Zoned
- Water source
- Public
Building Details
- Year built
- 1960
- Roof type
- Asphalt
Listing agent TIM KEOHANE License #UPAR (906) 228-9312
Listing office GREAT LAKES & LAND OF MARQUETTE, INC. 856 W Washington Street, Marquette, MI (906) 228-9312
Listing date Jul 1, 2026
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.
HighLights
- 3,563+/- SF professional office building in Marquette on highly visible West Washington Street
- Reception areas plus multiple private offices, conference/meeting rooms, private restrooms, and ample storage
- Central air conditioning and zoned forced‑air heating, with ceiling fan(s) and network wiring
- Accessible features include an accessible approach with ramp and wheelchair access
- Basement space and public utilities with natural gas; asphalt roof
- Off‑street parking with convenient year‑round access
Overview
Located at 856 W Washington Street in Marquette, the building benefits from highly visible frontage on West Washington Street, described as one of the city’s primary commercial corridors. The property provides generous on-site parking and convenient year-round access. The surrounding area supports a mix of professional and everyday needs, with proximity to Downtown Marquette, Northern Michigan University, UP Health System, financial institutions, restaurants, retail shopping, and government and professional offices.
The configuration suits a wide range of professional and commercial uses, including attorneys, accountants, insurance agencies, engineering and architectural firms, title companies, financial advisors, healthcare providers, nonprofit organizations, consulting firms, and technology companies. It can also function as a single-tenant headquarters or support multi-tenant occupancy, depending on operator plans.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.5k | $24.00 |
| − Vacancy | −$12.1k | −$3.38 |
| EGI | $73.5k | $20.62 |
| − OpEx | −$18.4k | −$5.15 |
| NOI | $55.1k | $15.46 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Marquette
- County
- Marquette
- State
- Michigan
- Longitude
- -87.411709
- Latitude
- 46.546039
