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    Property profile & analytics

    541 Spring St Marquette, MI 49855

    • Commercial real estate
    • 1,656 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-2095710
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 541 Spring St

    Property size
    1,656 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a fully rented duplex located at 541 W Spring St, Marquette, MI 49855. The property, classified as a Class C multifamily building, boasts a total of 1,656 square feet and comprises two separate apartment units. The upper unit features two bedrooms and one bathroom, while the lower unit offers two bedrooms and two bathrooms. This desirable location places the property in close proximity to Marquette's downtown area and the local hospital, ensuring high occupancy rates and strong rental demand. The asking price for this turnkey investment is $240,000. Showings are available Wednesdays through Fridays, between 3:30 PM and 8:00 PM. Note that an adjacent duplex is also available for purchase (MLS#50150811). This property represents a compelling addition to any investment portfolio, offering immediate cash flow and significant long-term potential in a thriving Michigan community. The property's convenient location and well-maintained condition make it an attractive option for both seasoned investors and those new to the market. Serious inquiries are encouraged to schedule a viewing and explore this lucrative investment opportunity further.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marquette
    County
    Marquette
    State
    Michigan
    Longitude
    -87.404274
    Latitude
    46.5430429

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    Similar Nearby for Sale

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      223 W Washington St, Marquette, MI 49855
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    • $569,000
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      Marquette 5-Plex Income Opportunity

      Five-unit apartment building near downtown Marquette.
      421 N Front St, Harvey, MI 49855
      View Details
    • $3,200,000
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      High-Visibility Commercial Property on US 41

      Two-acre commercial site with frontage on US 41 corridor.
      2100 W Us41, Marquette, MI 49855
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    • $404,500
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      232 Acres Recreational Land Opportunity

      232 acres of Northwoods land near Marquette, Michigan.
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    • $6,900,000
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      Prime Land on US 41

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      View Details
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    541 Spring St
    Marquette, MI 49855
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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