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    Marquette, MI
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    Marquette, MI Multifamily Properties for Sale

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    Negaunee, MI Gwinn, MI Palmer, MI Ishpeming, MI Skandia, MI Deerton, MI Au Train, MI Little Lake, MI
    Updated Office and Apartment Buildings
    Updated: Jan 23, 2025
    Updated Office and Apartment Buildings

    321 N Front St, Marquette, MI 49855

    $420,000
    6,048 sqft
    Prime downtown Marquette location near Washington Street with high exposure.
    Includes both a multi‑suite updated office building and a 4‑unit apartment building.
    Apartment building has 4 one‑bedroom units that are consistently rented.
    Updated office building features a reception area, natural lighting, hardwood floors, and fireplaces on each level.
    Both buildings have large basements and a detached 2+ car garage for storage and parking.
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    This listing looks promising.

    Here's a quick look at some key insights for

    321 N Front St, Marquette, MI 49855

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $38K
      Annual

    • Price @ 7% Cap

      $540K
      Above asking
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    Marquette East Side Duplex
    Updated: Feb 10
    Marquette East Side Duplex

    321 E Michigan Street, Marquette, MI 49855

    $347,000
    1,777 sqft 0.34 AC lot
    East Side duplex in Marquette near downtown, NMU, and Lake Superior
    Unit 1: 1 bed, 1 bath; all utilities included; washer/dryer in unit; rent $875
    Unit 2: 2 bed, 2 bath; all utilities included
    Public water service; oil heat
    Appliances included: washer, dryer, range/oven, and refrigerator
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    Marquette 5-Plex Income Opportunity
    Marquette 5-Plex Income Opportunity

    421 N Front Street, Marquette, MI 49855

    $525,000
    4,258 sqft 0.17 AC lot

    Five-unit apartment building near downtown Marquette.

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    Luxury Waterfront Condominium Residences
    Luxury Waterfront Condominium Residences

    2401 N Lakeshore Blvd, Marquette, MI 49855

    Contact for pricing
    2,095 sqft

    Exclusive condominium development on Lake Superior with modern interiors.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Updated Mixed-Use Building
    Updated Mixed-Use Building

    519 W Washington St, Marquette, MI 49855

    $859,000
    3,522 sqft

    Mixed-use property with a high-visibility storefront and two residential units, plus a basement steam room and back parking.

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    Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 5 Active listings in Marquette, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, 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.

    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    326 W Barnum Street, Ishpeming, MI 49849

    $155,000
    1,716 sqft 0.11 AC lot

    Two residential units each include two bedrooms and one full bathroom, plus a detached two-car garage.

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    Turnkey Restaurant & Rental Income
    Turnkey Restaurant & Rental Income

    305 Iron Street, Negaunee, MI 49866

    $750,000
    5,356 sqft

    Established restaurant and bar with five rental units in Negaunee.

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    Duplex with Two 2BR Units
    Duplex with Two 2BR Units

    404 S 3rd Street, Ishpeming, MI 49849

    $174,900
    1,782 sqft 0.08 AC lot

    Turnkey duplex with two 2-bedroom, 1-bath units and direct basement access for laundry and storage.

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    Vacation Rental Property with Spa
    Vacation Rental Property with Spa

    586 US Hwy 41, Negaunee, MI 49866

    Contact for pricing

    Nearly 5 acres with 340 feet of frontage along US Hwy 41, plus remodeled living space, spa/salon, and an insulated garage.

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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.

    Menominee City Building Lot
    Menominee City Building Lot

    605 46th Avenue, Menominee, MI 49858

    Contact for pricing
    0.21 AC lot

    Building lot near Henes Park, ready for construction.

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    Elevated Farmland Development Parcel
    Elevated Farmland Development Parcel

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682

    $2,600,000
    74.20 AC lot

    Developable farmland parcel offers ridge-top elevation and multi-directional water views near Suttons Bay.

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    Traverse City Land with Utilities
    Traverse City Land with Utilities

    4866 Luanne Lane, Traverse City, MI 49685

    $59,000
    0.52 AC lot

    Half-acre lot with well, septic, gas, and electric hookup.

    View details
    Tippy Dam Lodge Retreat
    Tippy Dam Lodge Retreat

    1306 N Tippy Dam Road, Wellston, MI 49689

    $999,900
    22.24 AC lot

    Unique lodge in Manistee National Forest with multiple buildings.

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    Off-Market Properties in Marquette, MI

    Consider similar Off-Market properties in Marquette, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    321 Front St
    Multifamily properties

    321 Front St, Marquette, MI 49855

    Value Estimation by Request
    6,048 sqft 0.57 AC lot
    View details
    541 Spring St
    Multifamily properties

    541 Spring St, Marquette, MI 49855

    Value Estimation by Request
    1,656 sqft
    View details
    212 Rock St
    Multifamily properties

    212 Rock St, Marquette, MI 49855

    Value Estimation by Request
    2,094 sqft
    View details
    204 Fisher St
    Multifamily properties

    204 Fisher St, Marquette, MI 49855

    Value Estimation by Request
    1,749 sqft
    View details
    539 Spring St
    Multifamily properties

    539 Spring St, Marquette, MI 49855

    Value Estimation by Request
    1,152 sqft
    View details
    219 Arch St
    Multifamily properties

    219 Arch St, Marquette, MI 49855

    Value Estimation by Request
    1,760 sqft
    View details

    Marquette, MI Multifamily Properties Market Trends and Statistics

    Explore 11 multifamily properties for sale in Marquette, MI, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 17,700 square feet of properties for sale, with an estimated market value of $2,151,000.

    Sale prices for multifamily properties in Marquette, MI start at $347,000, averaging $537,750, and reaching up to $859,000 — 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

    Apartment buildings 2
    Duplexes 1
    Quadplexes 1
    Short term rental properties 1

    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 $428.4K

    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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