87 Mark Street, North Melbourne, VIC 3051 sold on 17 June 2025 | OnTheHouse
SOLD
Sold on 17 Jun 2025 for $16,390,000

87 Mark Street
North Melbourne VIC 3051

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 5513m2
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Property Details for 87 Mark St, North Melbourne

Building Type
Land
Land Size
5513m2
Local Government
Melbourne
Lot/Plan
2/TP625050

Last Listing description (November 2023)

Colliers are delighted to offer 77-87 Mark Street, North Melbourne For Private Sale.

This truly unique, large scale mixed used zoned property is ideally positioned in the immediate Melbourne City Fringe suburb of North Melbourne. The immediate area is undergoing a transformation from its industrial roots to become a chic inner-city haven for many businesses and residents.


The key attributes of the property include:

An enormous North Melbourne landholding of 5,735m2 (approx.) with a building area of 5,197m2 (approx.);
Two (2) independent buildings that are side-by-side in excellent condition with a large and expansive Mark Street frontage of over 85 metres (approx.);
Rear access provided via Macaulay Road;
Short-term holding income 100% leased;
Flexible and highly desirable Mixed-Use Zoning (MUZ) and part of the Macaulay Urban Renewal Structure Plan;
Attractive allowable height for new developments;
Kennon Architects scheme for a mixed use project (STCA);
Prime inner-city location providing a highly compelling for alternate development outcomes such as Build to Rent and Co-Living;
Within walking distance to public transport hubs including the under-construction Melbourne Metro Station of Arden;
Immediate access to the Macaulay Train Station that is on the Upfield Line;
Ease of access to major road arterials;
Well positioned for owner occupiers, investors, and developers (STCA);

For further information or to arrange an inspection please contact the exclusive selling agents.

Colliers
Andrew Ryan +61 408 543 527
Jozef Dickson +61 402 678 888
Stephen Ryan +61 438 237 608

Property History for 87 Mark St, North Melbourne, VIC 3051

A timeline of how this property has performed in the market
Last Sold
$16,390,000
17 Jun 2025
  • 17 Jun 2025
    Sold for $16,390,000
  • 11 May 2023
    Listed for Sale Please contact agent
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About North Melbourne 3051

The size of North Melbourne is approximately 2.4 square kilometres. It has 12 parks covering nearly 4.7% of total area. The population of North Melbourne in 2016 was 14940 people. By 2021 the population was 14953 showing a population growth of 0.1% in the area during that time. The predominant age group in North Melbourne is 20-29 years. Households in North Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Melbourne work in a professional occupation.In 2021, 33.00% of the homes in North Melbourne were owner-occupied compared with 28.50% in 2016.

North Melbourne has 12,772 properties. Over the last 5 years, Houses in North Melbourne have seen a -8.72% decrease in median value, while Units have seen a -4.55% decrease. As at 30 April 2026:

  • The median value for Houses in North Melbourne is $1,304,139 while the median value for Units is $515,667.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 39 properties listed for sale, and 28 properties listed for rent in North melbourne on OnTheHouse. According to Cotality's data, 558 properties were sold in the past 12 months in North melbourne.

Suburb Insights for North Melbourne 3051

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.