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Jenn Smart

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203 S Front , Marquette, MI 49855
$2,900,000
Est. Payment: $15,112.30/mo
0 Bed
0 Bath
46101 Sqft
Status: pending | Days on site: 27
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Known to generations of residents and visitors as the Upfront & Company, this iconic downtown Marquette landmark is ready for a new vision. Imagine reopening one of downtown Marquette's most recognizable gathering places—a destination for weddings, live entertainment, dining, and community events once again. This rare mixed-use commercial property offers exceptional rental income, redevelopment potential, and an irreplaceable location in the heart of downtown Marquette. Encompassing over 46,000 square feet, the property features a diverse mix of retail storefronts, professional office suites, restaurant space, banquet facilities, and event venues, creating multiple income streams and exceptional flexibility for future ownership. The property currently generates approximately $204,720 in annual rental income, with many long-term tenants expressing interest in remaining, providing immediate cash flow and a strong foundation for continued investment, while offering future rental growth potential. For decades, the banquet hall and restaurant served as one of Marquette's premier gathering places, hosting weddings, receptions, corporate events, concerts, fundraisers, and community celebrations. The reception hall accommodates approximately 200 guests and features a commercial kitchen, performance stage, professional sound and lighting infrastructure, and an available liquor license, creating an exceptional opportunity to revive one of downtown's most recognizable event destinations. Designed with lasting craftsmanship, the building showcases impressive masonry detailing throughout and offers multiple retail storefronts, professional office suites, secure storage, a freight elevator, and a loft apartment overlooking Lake Superior and Marquette's iconic ore dock. Located in the heart of downtown, the property is just steps from restaurants, breweries, shopping, hotels, and the Lower Harbor waterfront. As the largest city in Michigan's Upper Peninsula, Marquette serves as the region's economic, educational, healthcare, and tourism hub. Home to Northern Michigan University, a thriving downtown, year-round tourism, award-winning outdoor recreation, and miles of Lake Superior shoreline, Marquette continues to attract residents, businesses, and visitors from across the country. Whether your vision includes reopening a premier wedding and event venue, creating a signature restaurant and entertainment destination, expanding the existing tenant mix, or pursuing a transformative mixed-use redevelopment, this landmark offers limitless possibilities in one of Michigan's most sought-after destination communities.

Highlights

Listed by DAVE MINGAY , 906-361-7604 RE/MAX 1ST REALTY , 906-225-1136. MiRealSource, Inc. mls logo

Property Type

Commercial Sale

Lot/Acreage
0.54

Year Built

1999

County

Marquette

Area

Marquette (52016)

Listing ID

50215701

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:46101
Water:Public Water

Exterior Features

Lot Dimensions:108x154x207x115
Zoning:Commercial
Roof:Shingles
Sewer:Public Sanitary
Parking Features:Off Site
Principal Interest
$15,112
Taxes
$1,849

Home Price

$2,900,000

Loan Details

30 yrs
6.792%

Down Payment

20%
$580,000
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:
$15,112.30

Principal

Taxes

Principal Taxes HOA Total
Monthly $15,112.30 $1,848.75 $0.00 $16,961.05
Yearly $181,347.64 $22,185.00 $0.00 $203,532.64
Total $5,440,429.21 $665,550.00 $0.00 $6,105,979.21
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: 2026-09-02T03:11:55.100Z

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