203 S Front Street, Marquette, MI 49855

$3,500,000
  • 203 S Front Street, Marquette, MI 49855 Main Photo

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Active
SQUARE FEET46,101 MLS#50215701
STATUSActive PROPERTY TYPECommercial - Business

Property 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 Marquettes 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 Marquettes 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 downtowns 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 Marquettes 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 Michigans Upper Peninsula, Marquette serves as the regions 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 red

203 S Front Street | MLS# 50215701

This commercial property located at 203 S Front Street, Marquette, MI 49855 is currently listed for sale with an asking price of $3,500,000. Search Marquette real estate on www.ikeyrealty.com today.

Property Features

Property Type: Commercial - Business
Basement: Yes
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Hot Water
Lot Size: 0.54 Acres
Roof Type: Shingles
Taxes: $0
Year Built: 1999

Feature Descriptions

Ceiling Height: Greater than 20 Ft.
Commercial Features: 440 Volt Power, Cable Internet Installed, Cafe/Kitchen, Compressor, Electric Available, Elevator(s), Freight Elevator(s), Furniture, Handicap Elevator, Loading Dock(s), Meeting Rooms, Public Restrooms, Reception Area, Restroom(s), Security Equipment, Sidewalks, Sprinkler
Days on Site: 12
Exterior: Brick, Masonry
Lease Info.: Lease Required
Licenses: Liquor License
Parking Notes: Off Site
Sewer: Public Sanitary
Summer Tax: 0
Water: Public Water
Water Features: Great Lake
Winter Tax: 0

Listed By / Shown By

Listed By

Agency Name: RE/MAX 1ST REALTY
Agency Phone: 906-225-1136

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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