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127 E Hewitt Ave, Marquette, MI, 49855

6beds
2baths
2,074sqft
$850,000
$410price/sqft
$5,524/moest. monthly cost
$220,960/yrincome needed

About This Home

Introducing The Marquette Neighborhood Spot, a rare and long-standing east side convenience store located on the high-visibility corner of High Street and East Hewitt Avenue. This iconic neighborhood market has served the Marquette community for generations and remains one of the few true local markets still thriving today. Positioned on a mixed-use parcel, the property includes the fully licensed retail storefront, a 6-bedroom, 2-bathroom home, and a unique garage/carriage house. The store enjoys steady year-round business from east side residents, NMU students, and families from nearby Graveraet Elementary, along with strong seasonal traffic from visitors heading to Lake Superior’s popular beaches. The sale includes a set of licenses: SDD (spirits), SDM (beer/wine), Sunday AM & PM alcohol sales, Retail Food Establishment license, Michigan Lottery Retailer authorization, and Tobacco license. Seven commercial coolers, a commercial freezer, POS system, shelving, displays, and additional FF&E are included, allowing a smooth transition for the next owner. This is an exceptional opportunity for an owner-operator or investor looking for a proven business in a high-demand location. Mixed-use zoning offers flexibility and long-term value, with multiple structures and a strong residential rental component already in place. The Spot is a fixture of the east side: a well-established, community-anchored business ready for its next chapter.

Getting Around

80
WalkingVery Walkable
0
TransitVery Limited Transit
80
BikeVery Bikeable

Schools

8/10
Sandy Knoll SchoolGrades PK-50.6 mi
9/10
7/10
Bothwell Middle SchoolGrades 5-81.4 mi

Construction

Condition

  • Year built: 1912

Materials

  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Victorian
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range/Oven,Refrigerator,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: MI Basement,Partial,Michigan Basement

Bathroom1

  • Level: First
  • Area: 28

Bathroom2

  • Level: Second
  • Area: 70

Bedroom

  • Level: Second
  • Area: 169

Bedroom1

  • Features: Wood
  • Level: First
  • Area: 143

Bedroom2

  • Level: First
  • Area: 143

Bedroom3

  • Level: Second
  • Area: 117

Bedroom4

  • Level: Second
  • Area: 143

Bedroom5

  • Level: Second
  • Area: 110

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Wood
  • Level: First
  • Area: 195

Features

  • High Ceilings,Walk-In Closet(s)
  • Flooring: Hardwood,Wood
  • Finished area below ground: 0
  • Finished area above ground: 2,074

Heating & Cooling

  • Heating features: Boiler,Hot Water,Radiator,Natural Gas
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 2,905
  • Total interior livable area: 2,074 sqft

Kitchen

  • Level: First
  • Area: 165

Living Room

  • Features: Wood
  • Level: First
  • Area: 169

Property

Details

  • Parcel number: 525200330690
  • Zoning: Mixed Use. M-U.
  • Zoning description: Mixed Use
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck
  • Exterior features: Sidewalks
  • Waterfront features: None
  • Frontage type: Road
  • Frontage length: 100

Lot

  • Lot size: 0.46 Acres
  • Lot size dimensions: 100 x 150

Parking

  • Total spaces: 1
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Winter Weather
Hail
Lightning
Tsunami

FEMA Declared Disasters in Marquette County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,298$51,576
Home Insurance *$299$3,588
Property Taxes $701$8,412
Electricity $226$2,714
Total$5,524$66,288
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$189,394/yr
40% on housing$165,720/yr
45% on housing$147,306/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.3%
1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$410This listing

vs Other Active Listings

Avg $/sqft

ZIP 49855$265
Marquette County$215

vs Homes Sold Last Month

Median $/sqft

ZIP 49855$216
Marquette County$187

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-08Price change$850,000
2026-03-16Price change$900,000
2025-11-24Listed for sale$999,000
2024-03-29Listing removed--
2024-02-22Listed for rent$3,300

For Sale by Agent

AgentKINGSLEY AGASSI
BrokerageRE/MAX 1ST REALTY

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