Mixed-Use Property with Attached
For Sale
$555,000
908 N 3rd Street, Marquette, MI 49855
COM/IND/BUS OPP, Marquette, MI
Property Size3,558 SF
Lot Size0.17 Acres
Price / SF$155.99
Days on Market242
Property Features for 908 N 3rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial,Other
Zoning description
Commercial
Patio and Porch features
Patio
Exterior features
Deck/Patio
Subdivision
Moore & Sangs Add
Lot features
Main Street
Standard status
Active
Size
3,558 SF
Lot size
0.17 Acres
Utilities
Heating system
Baseboard
Water source
Public
Building Details
Year built
1880
Roof type
Asphalt
Listing Agency:
RE/MAX 1ST REALTY · RE/MAX International
(906) 225-1136
Listed By:
KINGSLEY AGASSI
(906) 204-5282
Added: Feb 28
Changed: Oct 27
Last Checked: Oct 28 at 10:06PM
MLS# 50200434
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.
At 908 N 3rd Street in Marquette, this 3,558-square-foot mixed-use property combines street-level commercial space with a separate residence above. The business floor includes reception space, meeting rooms, private offices, a restroom, and a breakroom, with ramped entry. An attached garage and storage area offer 12-foot ceilings. The property was built in 1880 and sits on a 0.17-acre lot.
The upper residence provides just under 2,000 square feet of finished living area, with three bedrooms and 1.5 baths. Vaulted ceilings, hardwood flooring, skylights, and a fireplace shape the living and dining areas. The kitchen opens to an elevated deck. Electrical, boiler, and water heater systems have been updated.
The upper residence provides just under 2,000 square feet of finished living area, with three bedrooms and 1.5 baths. Vaulted ceilings, hardwood flooring, skylights, and a fireplace shape the living and dining areas. The kitchen opens to an elevated deck. Electrical, boiler, and water heater systems have been updated.
Key Highlights
- 3,558‑square‑foot property on a 0.17‑acre lot
- Street‑level business area with reception, meeting rooms, private offices, restroom, and breakroom
- Attached garage and storage area with 12‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,483
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,660
$469.7K
Cap Rate 7%
$335,471
$335.5K
Cap Rate 9%
$260,922
$260.9K
Market Conditions
NOI Build-Up for 3,558 SF
Gross rent
$42.7K $12.00/SF
− Vacancy
−$5.1K −$1.44/SF
EGI
$37.6K $10.56/SF
− OpEx
−$14.1K −$3.96/SF
NOI
$23.5K $6.60/SF
Area
Marquette County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,660
Cap Rate 7%
$335,471
Cap Rate 9%
$260,922
Alternative Uses
Best Use
Office B
$785.9K
$687.7K – $916.9K
NOI $55,014 @ 7.0% cap · market cap 9.91%
Second Best
Mixed Use
$335.5K
$293.5K – $391.4K
NOI $23,483 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$1.05M
$916.9K – $1.22M
NOI $73,352 @ 7.0% cap · market cap 13.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
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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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate work and living areas pair a client-facing ground floor with an upper-level residence.
Where is this mixed-use property located?
The property is located at 908 N 3rd Street Marquette, MI.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: 3,558‑square‑foot property on a 0.17‑acre lot; Street‑level business area with reception, meeting rooms, private offices, restroom, and breakroom; Attached garage and storage area with 12‑foot ceilings
