Property profile

223 Washington St Marquette, MI 49855

OFF-MARKET
Other commercial real estate
Property ID
US43-2100169
3,456 SF 0.05 ac lot Built 1900
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This downtown Marquette, Michigan property is a combined commercial building with two residential apartments located upstairs, on a lot measuring 0.05 acres. The building totals approximately 3,456 square feet of living area and is zoned for commercial use. The upper apartments feature 12-foot ceilings, original hardwood floors, wood trim, and original windows that admit natural light; they share laundry facilities and have off-street parking. The commercial level is configured for a coffee and bakery use, with a full basement providing additional storage for bakery operations and walk-out access to the rear. The property also includes the cafe and bakery space in the same building footprint, supporting continued retail/food-service use and possible configuration for expansion.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 3,456 SF
Lot 0.05 ac (2,265 SF)
Zoning code CBD
APN 52-52-002-000-70
UPID US43-2100169

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
  • Bakery Specialty Food Shop

Location

223 Washington St Marquette, MI 49855-4321
Marquette metro Census 300 MARQUETTE, MI MICROPOLITAN STATISTICAL AREA
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Value estimations

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Owner & transaction history

since 2026
1 recorded transaction
2026
$770,999

Zoning & alternative use

CBD · Marquette, MI
Zoning description

The CBD is the historic hub of citycommerceand intended to provide suitable regulations for the business oriented core area of the city which serves both local and regional markets such as offices,retailor wholesale sale…

General category MIXED_USE

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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