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Jenn Smart

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1104 Washington , Marquette, MI 49855
$325,000
Est. Payment: $1,693.62/mo
0 Bed
0 Bath
2408 Sqft
Status: active | Days on site: 33
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House Description

**Prime Commercial Investment Opportunity in Marquette, Michigan!** Located at 1104 Washington St, this exceptional property is listed for $325,000, significantly below its assessed value of $417,200. This strategically positioned commercial office and retail building sits prominently on the highly trafficked US 41 Business Corridor, near the McClellan/Washington four-way stoplight, providing unparalleled visibility and accessibility for various business ventures. The building offers a total space of 2,408 sq ft, featuring two spacious suites—one upstairs and one downstairs—both of which are currently leased. The upstairs suite has a lease ending in August 2028, while the ground floor lease concludes in April 2027. Ample parking is available across upper and lower lots, accommodating both tenants and customers. This property has a strong rental history, making it a sound investment opportunity in a thriving area. Income and expense reports are available upon request, subject to a signed confidentiality agreement. Over the years, the property has been diligently maintained and updated, showcasing several key improvements: a major remodel in 1996 that included most window replacements; exterior residing completed in 2003; additional window replacements in 2005; excavation and drainage enhancements from 2007 to 2008; an extensive remodel of the upstairs suite in 2010 for a winery, which included plumbing, new bathrooms, and flooring; and a recent remodel of the lower level in 2024 for the current tenant, along with the installation of a new water heater. The boiler was replaced in March of 2016. And both units have mini split systems for AC or back up heat. Regular maintenance, including sealing the roof every two years, ensures the property remains in excellent condition, with the last seal completed in June 2026. This commercial property presents a unique blend of location, visibility, and income potential, making it an ideal choice for investors looking to capitalize on the Marquette market. Don’t miss the opportunity to add this valuable asset to your portfolio. With both units currently leased, you can collect rent until you occupy the lower level yourself in less than a year. Contact us today for lease details and financial reports, available upon a signed confidentiality agreement.

Highlights

Listed by JENNIFER COSCO , 906-250-5548 SELECT REALTY , 906-228-2772. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
0.13

Year Built

1950

County

Marquette

Area

Marquette (52016)

Listing ID

50208455

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Wall/Window A/C
Fireplaces:
Above Ground Sq Ft:2408
Water:Public Water

Exterior Features

Lot Dimensions:50x113
Zoning:Commercial
Roof:Flat,Rubber
Sewer:Public Sanitary
Parking Features:6-10 Spaces,11-20 Spaces,Parking Lot
Principal Interest
$1,694
Taxes
$510

Home Price

$325,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$65,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,693.62

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,693.62 $510.30 $0.00 $2,203.92
Yearly $20,323.44 $6,123.56 $0.00 $26,447.00
Total $609,703.27 $183,706.80 $0.00 $793,410.07
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Marquette, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-02T01:10:54.300Z

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