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ILink Real Estate Co

ilinkre@gmail.com +1(419) 277-7127

$ 639,000

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Price Dropped by $20K

131 E Michigan Street Marquette, MI 49855

4 Beds

4 Baths

4,694 SqFt

UPDATED:

01/09/2025 05:31 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,694 sqft

Price per Sqft $136

Subdivision Mi

MLS Listing ID 50144743

Style Other/See Remarks

Bedrooms 4

Full Baths 3

Half Baths 1

Year Built 1880

Annual Tax Amount $8,419

Tax Year 2023

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 82x108

Property Description

Fabulous investment opportunity on Marquette's magnificent East Side! UPDATE!! Rents have been raised a whopping 33% total, and almost $20,000 in updates and upgrades have been installed!Nestled in a cozy 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 amazing 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 make 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 great 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 very 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!

Location

State MI

County Marquette

Area Marquette (52016)

Zoning Mixed Use

Rooms

Basement Full

Interior

Interior Features 9 ft + Ceilings, Hardwood Floors

Heating Boiler

Fireplace No

Exterior

Exterior Feature Vinyl Siding

Parking Features Detached Garage, Off Street

Garage Spaces 2.0

Building

Lot Description Deep Lot - 150+ Ft., Sidewalks

Story Other/See Remarks

Foundation Basement

Water Public Water

Structure Type Vinyl Siding

Schools

School District Marquette Area School District

Others

Ownership LLC

SqFt Source CubiCasa

Energy Description Natural Gas

Financing Cash,Conventional,Conventional Blend

MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)

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

Listed by RE/MAX 1ST REALTY

ILink Real Estate Co

License ID: 2014002630

+1(419) 277-7127

ILink Real Estate Co

131 E Michigan Street Marquette, MI 49855

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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131 E Michigan Street