Marquette, KS Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Marquette, Kansas Market population: 21K. Compare commercial properties across all major asset classes with...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Marquette MI Properties: 0.9800%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Marquette MI
Common questions from investors exploring commercial real estate in Marquette MI.
What is the overall investment potential of Marquette, MI, considering its demographic and economic factors?
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Marquette, MI, with a population of 21,356 and a median age of 29.4, presents a unique investment opportunity. The city's median household income of $43,419, combined with a poverty rate of 23.1%, suggests a working-class market. However, the high health insurance coverage rate of 95.5% and low average commute time of 13.4 minutes indicate a level of employment stability and quality of life that could attract renters and support property values.
How does the ethnic diversity and industry mix in Marquette impact the demand for real estate?
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The ethnic diversity in Marquette, with a predominant White population (93.1%) and significant American Indian or Alaska Native (4.2%) and Two Or More (2.1%) communities, contributes to a rich cultural landscape. The top industries, including Health Care & Social Assistance, Retail Trade, and Educational Services, drive employment and demand for housing, making it an attractive location for real estate investment, especially considering the city's relatively high homeownership rate of 53.2%.
What are the implications of the city's income inequality and poverty rate for real estate investors?
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The GINI coefficient of 0.483 indicates a moderate level of income inequality in Marquette, which, combined with a poverty rate of 23.1%, suggests that investors should be cautious. However, the strong presence of health care and educational services, along with a high health insurance coverage rate, may mitigate some risks by providing a stable tenant base, particularly when considering the average commute time of 13.4 minutes and the prevalence of drove alone (76.2%) as a commute method.
How does the commute time and method impact the quality of life and attractiveness of Marquette for renters and investors?
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The average commute time of 13.4 minutes in Marquette is significantly lower than many other cities, and the top commute methods of drove alone (76.2%), walked (10.3%), and carpooled (6.3%) suggest a city with good infrastructure and a high quality of life. This, coupled with the high health insurance coverage rate of 95.5%, makes Marquette an attractive location for renters, potentially supporting rental yields and property appreciation over time, especially given the median property value of $173,400.
What role do the median property value, property taxes, and homeownership rate play in assessing the real estate investment potential of Marquette?
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The median property value of $173,400 and median property taxes of $2,845 in Marquette suggest a relatively affordable housing market. The homeownership rate of 53.2% indicates a balanced market with opportunities for both rental properties and owner-occupied homes. Considering the city's top industries, such as Health Care & Social Assistance, and its high health insurance coverage rate, investors may find a stable and potentially lucrative market, especially when factoring in the demographic and economic stability indicated by the foreign-born rate of 3.4% and the employed population of 9,441.
Marquette MI Real Estate & City Facts
Key facts and real estate information about Marquette MI.
What are some of the best neighborhoods to live in Marquette?
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Some of the best neighborhoods to live in Marquette include the East Side, University District, West Marquette and Trowbridge Park, Shiras Hills and Suburban South Marquette, and Harvey. Each neighborhood has its own unique character and advantages, such as the East Side's prestigious living with Lake Superior access, the University District's student-centric atmosphere, and West Marquette's post-war suburban living. Forestville is also a popular choice, known for its quiet and family-friendly environment.
What are some fun things to do in Marquette?
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Marquette offers a wide range of activities and attractions, including visiting Presque Isle Park, exploring the Lakenenland Sculpture Park, hiking Sugarloaf Mountain, and shopping in Downtown Marquette. You can also visit the Ore Dock, St. Peter's, Courthouse, and Peter White Library, which are some of the city's notable landmarks. Additionally, the area is surrounded by natural beauty, with opportunities to hike, bike, and explore the outdoors.
What is the food scene like in Marquette?
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Marquette's culinary scene has a lot to offer, with a variety of restaurants serving everything from fine dining to casual eats. Some popular spots include Iron Bay Restaurant & Drinkery, Lagniappe Cajun Creole Eatery, and Vierling Restaurant. You can also find great breakfast and lunch options at places like Bodega and Donckers. There are also plenty of great food trucks and coffee shops to check out, making Marquette a great destination for foodies.
What are the pros and cons of living in Marquette?
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Living in Marquette has its pros and cons. On the plus side, the city offers a unique blend of natural beauty, outdoor recreation opportunities, and small-town charm. The cost of living is relatively low, and the community is tight-knit and friendly. However, the city can be quite cold and snowy in the winter, and job opportunities may be limited in certain industries. Additionally, the city's remote location can make it difficult to access certain amenities and services. Overall, Marquette is a great choice for those who value a relaxed, outdoor-oriented lifestyle and are willing to trade off some conveniences for a more peaceful and beautiful environment.
Is Marquette a good place to live?
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Marquette is a great place to live for those who appreciate a small-town atmosphere, outdoor recreation opportunities, and a strong sense of community. While it may not be the best fit for everyone, particularly those who prefer a more urban or fast-paced lifestyle, Marquette offers a unique and rewarding quality of life. With its natural beauty, friendly residents, and growing food and arts scene, Marquette is definitely worth considering for anyone looking to relocate to a charming and picturesque city in the Upper Peninsula of Michigan.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Marquette MI Commercial Property: $43,419
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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