1104 Washington Street, Marquette, MI 49855 – MLS#50167920

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Place Perfect Realty

homes@placeperfect.com +1(920) 956-9061

$ 350,000

Est. payment | -/mo

2,408 SqFt

Save

$ 350,000

Est. payment | -/mo

Save

2,408 SqFt

Key Details

Property Type Commercial

Sub Type Commercial/Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 2,408 sqft

Price per Sqft $145

Subdivision Mi

MLS Listing ID 50167920

Year Built 1950

Annual Tax Amount $5,964

Tax Year 2024

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 47x113

Property Sub-Type Commercial/Industrial

Property Description

Prime Commercial Investment Opportunity at 1104 Washington St in Marquette, Michigan - Discover a fantastic investment opportunity with this commercial office/retail building located prominently on the US 41 Business Corridor situated near the McClellan/Washington four-way traffic stoplight, this property boasts unmatched visibility and accessibility, making it an ideal location for various business ventures. Property Highlights: Zoning: General Commercial, Size: 2,408 sq ft, Suites: Two spacious suites (one upstairs and one downstairs), one is currently leased and occupied, the other is vacant and ready to move into. Parking: Ample parking spaces available across upper and lower lots, accommodating both tenants and customers. Appraisal: 2023 commercial appraisal report is available for review. Investment Potential: With a long-standing rental history and detailed income/expense reports available upon request (subject to a signed confidentiality agreement), this property represents a sound investment in a thriving area. Improvements: The property has been diligently maintained and updated over the years, showcasing a series of improvements: 1996: Major remodel with most windows replaced during this period. 2003: Exterior residing completed due to warranty claims on fading. 2005: Replacement of more windows. 2007-2008: Excavation of exterior retaining walls, sealing, and drainage enhancements. 2010: Extensive remodel of the upstairs suite for a winery, including plumbing, new bathrooms, and flooring. 2024: Extensive remodel of lower level for current tenant and new water heater installed. Regular maintenance, including sealing of the roof every two years or less, with the last seal completed in July 2024. Upgrades to windows, HVAC systems, and bathrooms have been made consistently over the years to ensure tenant satisfaction and property longevity. This commercial property offers a unique blend of location, visibility, and income potential, making it a prime choice for investors looking to capitalize on the Marquette market. Don't miss out on the chance to add this valuable asset to your portfolio!

Location

State MI

County Marquette

Area Marquette (52016)

Zoning Commercial

Interior

Heating Baseboard, Boiler, Hot Water, Radiator

Cooling Wall/Window A/C

Exterior

Parking Features 6-10 Spaces, 11-20 Spaces, Parking Lot

Roof Type Flat,Rubber

Building

Foundation Slab

Water Public Water

Structure Type Vinyl Siding,Vinyl Trim

Others

Ownership LLC

SqFt Source Appraisal

Energy Description Natural Gas

Financing Cash,Commercial Loan

MiRealSource (MI RealSource (Lenawee /Saginaw/SE-Border/Gr Shiawassee/Upper Peninsula)

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

Listed by SELECT REALTY

"Professional service to our clients & customers is our #1 priority. With offices in Marinette, Green Bay Wisconsin and Menominee, Michigan, Place Perfect Realty provides real estate services to Northeast Wisconsin and Upper Michigan."

+1(920) 956-9061

homes@placeperfect.com

2056 Maple Ave, Marinette, WI, 54143-1713, USA

1104 Washington Street Marquette, MI 49855