MARQUETTE - In June 2008 Northern Michigan University became the new owner of the property on Presque Isle Avenue where Hardee's used to offer fast food to area residents.
The university was approached by Midwest Food Inc. and signed an agreement to purchase the parcel, according to Cindy Paavola, NMU's director of communications.
Paavola said Midwest Food, which owned the Hardee's at 1422 Presque Isle Ave., sold the building to the university for $720,000.
"We haven't decided yet how we're going to use the building," she added. "A lot of this happened rather quickly."
Paavola said NMU purchased the building because of its close proximity to campus and it could play a role in a long-range goal of NMU's campus master plan.
That plan includes the possibility of creating a boulevard with restaurants, businesses and student housing along Presque Isle Avenue.
However, Paavola said nothing has been decided yet and the university is looking to rent the building to a business interested in the location. As of early February, no renters have been found, Paavola said.