$695000 Price Analysis    ♡   Marquette, MI 49855 4 bed 4 bath 4694 SqFt ($148/SqFt) 8712SqFt lot. Built 1880 Listed 2024-06-10, Taxes $7814 | ✓ USDA Eligible near Marquette, MI Restrictions may apply due to home size |
Fabulous investment opportunity on Marquette's magnificent East Side!
Nestled in a coz y residential neighborhood, this mixed use building is one block down from Front St and two blocks down from the lively Third Street business district. Lake Superior and pristine Marquette beaches are 4-5 blocks in the other direction. Head North and you're hitting NMU's campus and a few blocks South sits all the exceptional shops, dining and entertainment on Washington st. The building consists of 1, 421 sqft of commercial space on the main floor, presently home to an adorable boutique shop which is frequented by locals and visitors alike. The hardwood floors mke for a versatile space and there is a kitchen setup, changing rooms and two bathrooms toward the back of the building. Upstairs is home to two, two-bedroom, one-bathroom apartments. The units have some tremendous potential with all the necessary amenities and the spaces are complimented by high ceilings and tall windows. All units have access to laundry facilities in the north end of the building. There is a solid two-car garage on the North end as well, currently used as storage. The full basement is also a fantastic storage area. Many updates occurred in recent years, including a newer rubber roof, new siding, new high efficiency boiler and commercial grade air conditioner/air exchanger. Another amazing aspect of this opportunity is found in the lot itself, which includes 13 parking spots, many of which are rented out for even more income through the year!
It's hard to find parking in this area of town, let alone own private spots. This type of property does not become available often, especially not in this location! Check out the 360 tour to walk this great building and don't miss the virtual tour with drone footage to show the incredible location!
Presented by Dawn Florio at
RE MAX 1st Realty.
Property MLS #50144743 from UpperPeninsula
Full Bathrooms: 3
1/2 Bathrooms: 1
Hardwood Floors
Heating Fuel: Natural Gas
Frontage Length: 82
Roads: City/County, Year Round
Lot Description: Deep Lot - 150+ Ft., Sidewalks
Lot Size Acres: 0.2
Lot Size Dimensions: 82x108
Lot Size Square Feet: 8712
Garage Description: Detached Garage, Off Street
Parking Features: 3 or More Spaces
Map directions Map directions Map directionsSource Listing Status: Active
County: Marquette
Directions: Downtown Marquette, North on Front St to right on Michigan, one block down on left.
Tax Year: 2023
Source Property Type: Multi-Family
Area: Marquette (52016)
Source Neighborhood: Marquette (52016)
Zoning Description: Mixed Use
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $140500 | $7814 |
| 2021 | $unknown + $unknown $137900 | $6998 |
| 2020 | $unknown + $unknown $141260 | $5341 |
| 2019 | $unknown + $unknown $103300 | $5484 |
| 2018 | $unknown + $unknown $131700 | $5458 |
| 2017 | $unknown + $unknown $123300 | $246 |
| 2016 | $unknown + $unknown $128400 | $5537 |
| 2015 | $unknown + $unknown $91100 | $4849 |
| 2014 | $unknown + $unknown $90200 | $4536 |
| 2013 | $unknown + $unknown $86600 | $190 |
$695000
UpperPeninsula
Listed 2024-06-10
$699000
UpperPeninsula
Sold 2020-11-24
$375000
Public Record
Sold 2007-01-01
$160000
Public Record
Sold 1982-05-07
$39000
Public Record
Year Built: 1880
Building Exterior Type: Vinyl Siding
Foundation Details: Basement
Property Age: 144
Structure Type: Investment
Architectural Style: Conventional Frame
Cable Available
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Internet Spectrum
Water Source: Public Water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.