1104 Washington Street Active Save Request In-Person Tour Request Virtual Tour
Marquette,MI 49855
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