Corner Mixed-Use Retail &
202 W Michigan Avenue Marshall, MI 49068
202 W Michigan Avenue, Marshall, MI, 49068
$424,900
For Sale
$424,900
COMMERCIAL - Marshall, MI
Property Size4,560 SF
Lot Size0.07 Acres
Price / SF$93.18
Days on Market10
Property Features for 202 W Michigan Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 1, Basement, Bathroom 3, Bathroom 2
- Interior features
- Broadband
- Standard status
- Active
- APN
- 53-000-401-00
- Size
- 4,560 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LL@LO
- Tax Annual Amount
- 3566
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Brick
- Roof type
- Rubber
Listing agency
Berkshire Hathaway HomeServices Michigan Real Estate
(269) 789-0140
Listed by
Brian Fazekas · License #6506047758
(269) 209-2286
Added: Jul 13 Updated: Jul 19 at 12:57PM Checked: Jul 22 at 4:06PM
MLS# 26035569
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 mixed-use corner building offers street-level retail space with two income-producing residential apartments upstairs. The residential layout includes a one-bedroom unit and a two-bedroom unit.
The property is located in downtown Marshall at 202 W Michigan Avenue, and it sits on a corner along Michigan Avenue and Eagle St. The location is described as within walking distance of restaurants, boutiques, breweries, and year-round community events, supporting an active downtown setting.
For a buyer seeking a single property that combines commercial frontage with residential rental income, this configuration provides retail and apartment uses in one building.
The property is located in downtown Marshall at 202 W Michigan Avenue, and it sits on a corner along Michigan Avenue and Eagle St. The location is described as within walking distance of restaurants, boutiques, breweries, and year-round community events, supporting an active downtown setting.
For a buyer seeking a single property that combines commercial frontage with residential rental income, this configuration provides retail and apartment uses in one building.
Key Highlights
- Brick corner mixed‑use building with retail/commercial space and two upstairs apartments
- Two residential units: one‑bedroom and two‑bedroom (income‑producing apartments)
- Roof material: rubber; heating is forced air; cooling includes window unit(s)
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.8k | $14.64 |
| − Vacancy | −$3.7k | −$0.82 |
| EGI | $63.0k | $13.82 |
| − OpEx | −$28.4k | −$6.22 |
| NOI | $34.7k | $7.60 |
4,560 SF · lease $14.64/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Mixed Use
$809.1K
$707.9K – $943.9K
NOI $56,635 @ 7.0% cap · market cap 13.33%
Second Best
Retail
$676.2K
$591.7K – $789.0K
NOI $47,337 @ 7.0% cap · market cap 11.14%
Theoretical Best
Healthcare Medical
$54.09M
$47.33M – $63.11M
NOI $3,786,465 @ 7.0% cap · market cap 891.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Prater Studios
Photography Service
United States Postal ...
Post Office
U.s. Postal Museum
Museum
LibertyX Bitcoin ATM
Atm
Stephen T Dean ...
General Contractor
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FAQs
What type of property is this?
Mixed-use property - Corner building with street-level retail space and two upstairs apartments, including one-bedroom and two-bedroom units.
Where is this mixed-use property located?
The property is located at 202 W Michigan Avenue Marshall, MI.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Brick corner mixed‑use building with retail/commercial space and two upstairs apartments; Two residential units: one‑bedroom and two‑bedroom (income‑producing apartments); Roof material: rubber; heating is forced air; cooling includes window unit(s)
