Auto Shop with
For Sale
$750,000
13995 W Michigan Avenue, Marshall, MI 49068
Commercial Sale, Marshall, MI
Property Size3,680 SF
Lot Size1.03 Acres
Price / SF$203.80
Days on Market419
Property Features for 13995 W Michigan Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Li-Li
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Marshall
Middle school district
Marshall
High school district
Marshall
Directions
From I-69 head west on Michigan Ave to building on the North side of the road.
Subdivision
Battle Creek - B
Standard status
Active
APN
13-16-201-024-01
Size
3,680 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MARSHALL TWP SEC 20 T2S-R6W BEG CL MICH AVE 350' NWLY OF INT WITH E LI SEC 29 N 67 DEG 23' W ALG CL 150' - NE AT RA 300
Tax Annual Amount
2454
Legal Description
MARSHALL TWP SEC 20 T2S-R6W BEG CL MICH AVE 350' NWLY OF INT WITH E LI SEC 29 N 67 DEG 23' W ALG CL 150' - NE AT RA 300
Utilities
Utilities
Phone Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Amenities
Central air
half bath
Building Details
Year built
1980
Number of units
1
Building materials
Metal Siding
Roof type
Composition
Listing Agency:
Harrington Real Estate Group
(269) 986-4996
Listed By:
Scott T Harrington · License #6502363056
(269) 420-0197
Added: Aug 1, 2025
Changed: Sep 7
Last Checked: Sep 23 at 4:06PM
MLS# 25038563
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,680-square-foot auto shop occupies 1.03 acres at 13995 W Michigan Avenue in Marshall, Michigan. Currently used as a detail shop, the building includes a showroom with extensive windows and lighting, a workshop, storage space, and overhead doors. Interior features include central air, forced-air heat, and a half bath.
The property is positioned directly across from the Ford BlueOval Battery Park, with access from W Michigan Avenue. Site improvements include paved parking for at least 15 cars and a fenced outdoor storage area. Additional property details include metal siding, a composition roof, well water, septic service, and phone availability. Built in 1980, the building offers an established automotive-oriented configuration with supporting customer and storage areas.
The property is positioned directly across from the Ford BlueOval Battery Park, with access from W Michigan Avenue. Site improvements include paved parking for at least 15 cars and a fenced outdoor storage area. Additional property details include metal siding, a composition roof, well water, septic service, and phone availability. Built in 1980, the building offers an established automotive-oriented configuration with supporting customer and storage areas.
Key Highlights
- 3,680‑square‑foot auto shop on 1.03 acres
- Directly across from the Ford BlueOval Battery Park
- Showroom, workshop, storage area, and overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,867
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$997,340
$997.3K
Cap Rate 7%
$712,386
$712.4K
Cap Rate 9%
$554,078
$554.1K
Market Conditions
NOI Build-Up for 3,680 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$78.6K $21.36/SF
− Vacancy
−$1.9K −$0.51/SF
EGI
$76.7K $20.85/SF
− OpEx
−$26.9K −$7.30/SF
NOI
$49.9K $13.55/SF
Area
Calhoun County, MI
Vacancy
2.40%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$997,340
Cap Rate 7%
$712,386
Cap Rate 9%
$554,078
Alternative Uses
Best Use
Flex RnD
$712.4K
$623.3K – $831.1K
NOI $49,867 @ 7.0% cap · market cap 6.65%
Second Best
Retail
$545.7K
$477.5K – $636.7K
NOI $38,202 @ 7.0% cap · market cap 5.09%
Theoretical Best
Healthcare Medical
$43.65M
$38.20M – $50.93M
NOI $3,055,743 @ 7.0% cap · market cap 407.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49068, MI
14,325
Population
6,901
Households
2.1
Avg Household Size
45
Median Age
36%
College-Educated
96%
High-School Grad
129.9 sq mi
ZIP Area
110
Density / Sq Mi
$78,476
Median Household Income
$47,198
Median Earnings
$904
Median Rent
$196,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding automotive property with a customer-facing showroom, service workspace, storage, and fenced outdoor storage.
Where is this auto shop located?
The property is located at 13995 W Michigan Avenue Marshall, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,680‑square‑foot auto shop on 1.03 acres; Directly across from the Ford BlueOval Battery Park; Showroom, workshop, storage area, and overhead doors
