Remarks

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), both are currently leased and occupied. 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!

Details

MLS#: 50167920
Price: $350,000

Style: Office
Sq Ft: 2408
Year Built: 1950

County: Marquette
Lot Size: 47x113
Tax Fee: 5964.19