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31275351
31275380

128 W Washington St, Marquette, MI 49855 For Sale

SJ
MI 6501393192
RE/MAX 1st Realty
Listed by RE/MAX 1st Realty
$2,750,000
115 days on market
Updated 107 days ago

The Masonic Center

Details
Property Type Hospitality, Mixed Use (+2)
Sub Type Shopping Center, Traditional Office (+1)
Square Footage 65,262
Tenancy Multi
Price per SqFt $42
Broker Co-Op Yes
Year Built 1938
Buildings 1
Stories 3
Acreage 0.530
Zoning Commercial
Investment Type Redevelopment
Ownership LLC

Hospitality

Marketing description

Opportunity of a lifetime in Downtown Marquette... Located in the heart of Marquette's downtown shopping district, the historic Masonic Building has been a cornerstone of the community for more than a century. Over the years, the building has been home to several well-known national retailers including Montgomery Ward, Woolworth's, and Ben Franklin, cementing its role as a major retail and commercial hub in downtown Marquette. Today the approximately 65,000+sq ft building continues to serve the community as a mixed-use destination featuring retail spaces, offices, gathering spaces -including the Red Room Theater, a huge commercial kitchen, and wedding/event venue (complete with a bridal changing room suite). This building has a lot of unique features and a ton of history. Perfect for redevelopment, entertainment venue, or mixed-use concept. Investors and developers - reach out for details. Listed by Sindy Jensen of RE/MAX 1st Realty, 2854 Venture Dr Marquette MI 49855 906.235.1851

Investment highlights

Multiple revenue streams (retail, offices, theatre, wedding/event venue.) Established income stream with existing tenancies. Value-add potential through lease restructuring and entertainment/events Theatre space with event potential. Large scale commercial-grade kitchen supports catering, restaurant, or event revenue. Prime downtown location with strong foot traffic, located across from public parking garage. Walkable to Lake Superior waterfront, the post office, local shops, and eateries. Underutilized square footage offers expansion of income streams. Ideal for investor seeking adaptive reuse. Unique architectural character not replicable today.

Listing Contacts

SJ
MI 6501393192
RE/MAX 1st Realty
Listed by RE/MAX 1st Realty

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Additional Information

Name
Sindy Jensen
License
6501393192
Brokerage
RE/MAX 1st Realty
Brokerage Phone
9062251136
Title
REALTOR
Brokerage Address
2854 Venture Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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