Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    218 Marshall St Brooklyn, MI 49230

    View on Map
    Sponsored
    For Sale
    Pending
    $159,900

    MULTI_FAMILY - Brooklyn, MI

    Lot size:
    1.30 Acres
    Days on Market:
    1558
    Last Refresh:
    Mar 7 at 6:06 am

    Property Features for 218 Marshall St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1
    Bedrooms
    3
    APN
    000-19-24-426-022-00
    Parking
    3
    Basement
    Partial
    Lot size
    1.30 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Tamra Allen

    Green Key Real Estate, LLC (855) 937-6538

    Listing agent Tamra Allen (517) 745-6405

    Listing date Dec 1, 2021

    MLS# 21095233

    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.

    Learn more

    Property Insight Report

    Overview

    Brooklyn, MI Multi-Family Property

    This multi-family property is located in Brooklyn, Michigan. The lot size is 1.3 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Jackson
    State
    Michigan
    Longitude
    -84.25094
    Latitude
    42.10806

    Nearby Similar for Sale

    • New
      $645,000
      7,304 SF

      Mixed-Use Building in Brooklyn, MI

      Mixed-use commercial building with storefront and apartment in Brooklyn, MI.
      132 N Main St, Brooklyn, MI 49230
      View Details
    • New
      $645,000
      7,304 SF

      Brooklyn Retail Opportunity

      Retail property for sale in Brooklyn, Michigan.
      132 N Main St, Brooklyn, MI 49230
      View Details
    • $475,000
      128,800 SF

      Brooklyn Commercial Property For Sale

      Commercial property in Brooklyn, MI, suitable for various business uses.
      10405 Brooklyn Rd, Brooklyn, MI 49230
      View Details
    • New
      $179,900
      1,000 SF

      Brooklyn Duplex Investment Opportunity

      Well-maintained duplex near downtown Brooklyn, MI, fully occupied until 2026.
      113 Julian St, Brooklyn, MI 49230
      View Details
    • New
      $179,900
      1,563 SF

      Brooklyn Multifamily Property For Sale

      Multifamily property in Brooklyn, MI, featuring 2 to 4 units.
      113 Julian St, Brooklyn, MI 49230
      View Details
    • $39,900

      Vineyard Lake Canal Manufactured Home

      Three-bedroom, two-bath manufactured home with canal frontage.
      2902 Sunset Dr, Brooklyn, MI 49230
      View Details
    • $140,000
      672 SF

      Move-In Ready Brooklyn Condo

      Updated 2-bedroom condo in Brooklyn, walking distance to downtown.
      142 Irwin St, Brooklyn, MI 49230
      View Details
    • $499,000
      3,360 SF

      Prime Brooklyn Industrial Space

      High-traffic location, remodeled building
      9947 Brooklyn Rd, Brooklyn, MI 49230
      View Details
    • $599,900
      3,072 SF

      Prime Brooklyn Industrial Storage Facility

      Profitable Storage Business - 12 Units
      14600 Us Highway 12, Brooklyn, MI 49230
      View Details
    • Contact for pricing
      1,312 SF

      Waterfront Bungalow in Jackson County

      Move-in ready waterfront bungalow with lake views and ample storage.
      585 Norvell Beach Dr, Brooklyn, MI 49230
      View Details
    • Contact for pricing
      1,312 SF

      Waterfront Bungalow on Norvell Lake

      Move-in ready waterfront bungalow with lake views and ample storage.
      585 Norvell Beach Dr, Brooklyn, MI 49230
      View Details

    FAQs

    What type of property is this?
    Specialty property - Multi-family property for sale in Brooklyn, Michigan.
    Where is this specialty property located?
    The property is located at 218 Marshall St Brooklyn, MI.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: - Enjoy cozy evenings by the fireplace.; - Public sewer connected.; - Low-maintenance vinyl siding.
    (517) 745-6405
    Request Owner's contact information
    218 Marshall St Brooklyn, MI 49230
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    218 Marshall St
    Brooklyn, MI 49230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    218 Marshall St Brooklyn, MI 49230
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tamra Allen
    Real Estate License ID: 6501394988
    (517) 745-6405 (855) 937-6538
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!