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221 W Washington St 4,550 SF 100% Leased Flex Building Marquette, MI 49855 $799,900 ($175.80/SF)



Investment Highlights
- Historic downtown mixed-use building featuring preserved architectural details including hardwood floors, transom windows, and original trim work.
- Upper-level residential flat is accessed through its own dedicated entrance from Washington Street.
- Positioned within Downtown Marquette near restaurants, retailers, services, civic amenities, and the Lake Superior waterfront.
- Street-level retail storefront and private office areas provide flexibility for a variety of commercial users.
- Large windows overlook downtown commons areas and provide visibility along Washington Street.
Executive Summary
Located in Downtown Marquette's established commercial district, 221 W Washington Street presents an opportunity to acquire a historic mixed-use asset that combines commercial functionality with residential occupancy potential. The two-story property features street-level retail and office accommodations along one of the city's primary downtown corridors, positioning the asset within walking distance of local businesses, restaurants, public gathering spaces, and the Lake Superior waterfront area.
The building retains numerous historic architectural elements, including hardwood floors, original trim work, transom windows, brick and glass block construction, and approximately 10-foot ceilings. Large windows provide visibility to Washington Street and views overlooking the downtown commons area. The flexible commercial layout supports a variety of owner-user or investment strategies, including retail, professional office, studio, or service-oriented business operations.
The upper level contains a substantial private residential flat accessed through a dedicated Washington Street entrance. Additional features reportedly include multiple bedrooms, a home office, formal dining area, skylights, and supporting residential amenities. The property also benefits from a drive-under garage and loading dock, features that are uncommon within many downtown mixed-use buildings and can support both residential convenience and commercial operations.
Downtown Marquette serves as the economic, cultural, and tourism center of Michigan's Upper Peninsula, supported by regional employers, Northern Michigan University, healthcare institutions, and year-round visitor activity. The combination of historic character, mixed-use flexibility, downtown visibility, and residential integration creates a distinctive opportunity for investors or owner-users seeking a presence within Marquette's urban core.
The building retains numerous historic architectural elements, including hardwood floors, original trim work, transom windows, brick and glass block construction, and approximately 10-foot ceilings. Large windows provide visibility to Washington Street and views overlooking the downtown commons area. The flexible commercial layout supports a variety of owner-user or investment strategies, including retail, professional office, studio, or service-oriented business operations.
The upper level contains a substantial private residential flat accessed through a dedicated Washington Street entrance. Additional features reportedly include multiple bedrooms, a home office, formal dining area, skylights, and supporting residential amenities. The property also benefits from a drive-under garage and loading dock, features that are uncommon within many downtown mixed-use buildings and can support both residential convenience and commercial operations.
Downtown Marquette serves as the economic, cultural, and tourism center of Michigan's Upper Peninsula, supported by regional employers, Northern Michigan University, healthcare institutions, and year-round visitor activity. The combination of historic character, mixed-use flexibility, downtown visibility, and residential integration creates a distinctive opportunity for investors or owner-users seeking a presence within Marquette's urban core.
Property Facts
| Price | $799,900 | Building Class | C |
| Price Per SF | $175.80 | Lot Size | 0.05 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 4,550 SF |
| Property Type | Flex | No. Stories | 2 |
| Property Subtype | Flex | Year Built | 1929 |
| Zoning | C - Commercial | ||
| Price | $799,900 |
| Price Per SF | $175.80 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Flex |
| Building Class | C |
| Lot Size | 0.05 AC |
| Rentable Building Area | 4,550 SF |
| No. Stories | 2 |
| Year Built | 1929 |
| Zoning | C - Commercial |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 52-52-002-000-60 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $253,700 |
Property Taxes
Parcel Number
52-52-002-000-60
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$253,700
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221 W Washington St
