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    Marquette, MI
    Live - Work Space

    Marquette, MI Live-work Space for Sale

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    Negaunee, MI Gwinn, MI Palmer, MI Ishpeming, MI Skandia, MI Deerton, MI Au Train, MI Little Lake, MI
    Historic Mixed-Use Downtown Building
    Updated: May 28
    Historic Mixed-Use Downtown Building

    221 West Washington Street, Marquette, MI 49855

    $799,900
    4,550 sqft
    Historic downtown mixed‑use building at 221 W. Washington St, Marquette (built 1896; added onto in 1929).
    Main level includes retail storefront plus private office space, offering flexible commercial use.
    Brick and glass block exterior with original trim work, transom windows, and hardwood floors.
    Soaring 10‑foot ceilings with large windows overlooking downtown Commons and Washington Street.
    Upper level features a 2,275 SF private flat with its own dedicated Washington Street entrance.
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    This listing looks promising.

    Here's a quick look at some key insights for

    221 West Washington Street, Marquette, MI 49855

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    • Est. Cap Rate

      8.8%
      Above avg (5.9%)

    • Est. NOI

      $70K
      Annual

    • Price @ 7% Cap

      $1.01M
      Above asking

    • Property Type

      Commercial (General)
      Built 1929
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    Commercial Building with Living Quarters
    Updated: Jun 2, 2025
    Commercial Building with Living Quarters

    521 W Washington Street, Marquette, MI 49855

    $550,000
    1,962 sqft 0.12 AC lot
    Great location on Washington Street across from the Marquette Food Co‑op.
    Commercial building with living quarters.
    Floor plan allows for multiple configurations.
    Convenient bike path right out the back door.
    Off‑street parking.
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    Retail Building with Living Quarters
    Retail Building with Living Quarters

    521 W Washington Street, Marquette, MI 49855

    $650,000
    1,962 sqft

    Versatile retail layout with attached living quarters, offering multiple configuration options in a walkable neighborhood setting.

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    Mixed-Use Retail and Living Space
    Mixed-Use Retail and Living Space

    W 521 W Washington Street Unit SourceFi, Marquette, MI 49855

    $550,000
    1,962 sqft

    Commercial building with living quarters, previously operating as a jewelry store, and a floor plan suited for multiple configurations.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Marquette, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Salon and Apartments
    Mixed-Use Salon and Apartments

    Sault Sainte Marie, MI 49783

    $510,000
    4,942 sqft

    Established salon on the main floor with two upstairs apartments, offering a combined live-and-work setup in a B2-zoned building.

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    Live-Work Duplex with River View
    Live-Work Duplex with River View

    Sault Sainte Marie, MI 49783

    $199,000
    2,580 sqft 0.19 AC lot

    Two-level property includes a 2-bedroom unit above and a studio-style space with large storefront windows below.

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    Mixed-Use Commercial and Residential
    Mixed-Use Commercial and Residential

    417 Washington Avenue, Iron River, MI 49935

    $425,000
    6,237 sqft 0.18 AC lot

    Barrier-free main level office and medical-ready layout pairs with two apartments and on-site parking.

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    COMMERCIAL - Iron River, MI
    COMMERCIAL - Iron River, MI

    121 N 5Th Ave, Iron River, MI 49935

    $395,000
    18,000 sqft 0.74 AC lot

    Unique 18,000 SF former church with turn-key basement living.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Ludington Waterfront Development Opportunity
    Ludington Waterfront Development Opportunity

    W Danaher St, Ludington, MI 49431

    $245,000
    0.19 AC lot

    Prime Ludington building site with flexible mixed-use zoning.

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    Spacious Commercial Building on M-65
    Spacious Commercial Building on M-65

    4271 N M-65, Hale, MI 48739

    $480,000
    5,500 sqft 4.00 AC lot

    Large commercial building with living space on heavily traveled M-65.

    View details
    Parking Lot and Events Site
    Parking Lot and Events Site

    407 Turner Avenue NW, Grand Rapids, MI 49504

    $1,475,000
    7,316 sqft 0.32 AC lot

    City Center zoned parking property positioned for event and hospitality adjacent demand, with shuttle access to downtown venues.

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    Kalamazoo Land For Sale
    Kalamazoo Land For Sale

    209 E North Street, Kalamazoo, MI 49007

    $55,000
    0.16 AC lot

    Land zoned Live Work 1 with downtown views.

    View details

    Marquette, MI Live-Work Space Market Trends and Statistics

    Explore 4 live-work space for sale in Marquette, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 10,436 square feet of properties for sale, with an estimated market value of $2,549,900.

    Sale prices for live-work properties in Marquette, MI start at $550,000, averaging $637,475, and reaching up to $799,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office buildings 7
    Office Units 7

    Demographics Overview

    Population 33K
    Population Growth (5Y) +0.5%
    Median Household Income $62,321
    College Educated 61.0%

    High-Yield Neighborhoods for Investment

    Identify Marquette submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49855 $725K

    Taxes & Financing

    Tax Rate (average for all types) 3.78%
    Property Tax per SF $59.42 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Marquette County

    New Delisted

    Total CRE Inventory on Market (SF)

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