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$ 3,500,000
Est. payment /mo
Active
203 S Front Street Marquette, MI 49855
46,101 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 46,101 sqft
Price per Sqft $75
Subdivision Mi
MLS Listing ID 50215701
Year Built 1999
Tax Year 2025
Lot Size 0.540 Acres
Acres 0.54
Lot Dimensions 108x154x207x115
Property Sub-Type Commercial/Industrial
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 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.
Location
State MI
County Marquette
Area Marquette (52016)
Zoning Commercial
Interior
Heating Hot Water
Cooling Central A/C
Exterior
Parking Features Off Site
Roof Type Shingles
Building
Foundation Basement
Water Public Water
Structure Type Brick,Masonry
Others
Ownership Trust
SqFt Source Assessors Data
Energy Description Natural Gas
Financing Cash,Commercial Loan
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX 1ST REALTY