Flagstar plans to sell downtown Marquette building, maintain branch

MARQUETTE, Mich. (WLUC) - Flagstar Bank is planning to sell its downtown Marquette building and lease back the space to maintain its branch.

An online listing shows the 27,517 square foot building at 101 W. Washington St. is for sale with a price available upon request.

The building opened in 1927 as the First National Bank and Trust Company. Louis G. Kaufman donated the land for the building.

Flagstar Market Manager Sean Geary explained that besides the retail banking lobby, the building has much more space than Flagstar needs at this time.

"We are all very passionate about continuing to provide banking services in our beautiful building downtown," said Geary, in an email. "We want to give others in the community the opportunity to utilize the space in the building that is currently sitting vacant."

When Kaufman built the bank in 1927, it was the most expensive construction project in the country, per square foot. It is not listed on the National Register of Historic Places.

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