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Property profile

321 Front St Marquette, MI 49855

OFF-MARKET
Office Spaces
6,048 SF 0.57 ac lot Built 1880
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Property summary

AI-generated overview

This exceptional investment opportunity in Marquette, MI, presents two buildings on a combined 0.57-acre lot at 321 & 323 N Front St, just blocks from Washington Street. The property boasts 6,048 square feet and includes a multi-suite, updated office building and a contiguous four-unit apartment building. Both buildings, constructed in 1880, offer substantial basement storage and a detached two-car-plus garage. The office building features a welcoming reception area, abundant natural light, hardwood floors, fireplaces on each level, multiple conference rooms, and a sizable kitchen. The apartment building comprises four uniquely designed one-bedroom units, consistently maintaining full occupancy. The property is zoned for multi-family and professional office use, providing flexibility and potential for expansion. Excellent off-street parking is available. This prime location offers high visibility and strong rental income potential, making it an attractive investment for discerning buyers. The asking price is $995,000.

Property profile

Verified
Property type Office Spaces
Year built 1880
Total area 6,048 SF
Lot 0.57 ac (24,829 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Custom T-Shirt Store Clothing Store
  • Law Firm
  • Law Firm
  • Law Firm Child Welfare Organization
  • Advertising Agency Marketing & Advertising

Location

321 Front St Marquette, MI 49855
Marquette metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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