1507 W Fair Ave Marquette, MI 49855
Estimated payment $6,928/month
About This Lot
This remarkable investment opportunity encompasses approximately 8.25 +/- acres and is centrally located in the city of Marquette. The property offers endless possibilities, including townhomes, an apartment complex, single-family homes, or office space. A comprehensive list of MU zoning allowances can be found on the Marquette City website. The location is in close to all city amenities, such as shopping, dining, Northern Michigan University, the new hospital, and Lake Superior. Marquette Senior High School and the Peninsula Medical Center are also nearby. Engineered blueprints and survey are available. With a few modifications, this property is very close to being shovel-ready.
Property Details
Property Type
- Land
Est. Annual Taxes
- $47
Lot Details
- 8.25 Acre Lot
- Lot Dimensions are 240x1017x475x990
- Property is zoned Mixed Use
Listing and Financial Details
- Assessor Parcel Number 52-52-005-130-30
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $47 | $224,400 | $0 | $0 |
| 2023 | $4,514 | $82,500 | $0 | $0 |
| 2022 | $4,589 | $81,782 | $0 | $0 |
| 2021 | $4,187 | $82,500 | $0 | $0 |
| 2020 | $4,150 | $81,782 | $0 | $0 |
| 2019 | $4,381 | $82,500 | $0 | $0 |
| 2018 | $4,204 | $82,500 | $0 | $0 |
| 2017 | $194 | $82,500 | $0 | $0 |
| 2016 | $4,394 | $82,500 | $0 | $0 |
| 2015 | -- | $82,500 | $0 | $0 |
| 2014 | -- | $82,500 | $0 | $0 |
| 2012 | -- | $103,100 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/13/2025 02/13/25 | For Sale | $1,250,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $495,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $0 | Purchase Money Mortgage |
Source: Upper Peninsula Association of REALTORS®
MLS Number: 50166723
APN: 52-52-005-130-30
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