Brick Flex Office/Warehouse
317 S Grand Street Marshall, MI 49068
317 S Grand Street, Marshall, MI, 49068
$399,900
For Sale
$399,900
COMMERCIAL - Marshall, MI
Property Size3,640 SF
Lot Size0.56 Acres
Price / SF$109.86
Days on Market99
Property Features for 317 S Grand Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Interior features
- Broadband
- Standard status
- Active
- APN
- 53-000-745-00
- Size
- 3,640 SF
- Lot size
- 0.56 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- LL@LO
- Tax Annual Amount
- 5495
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1998
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
Listing agency
Berkshire Hathaway HomeServices Michigan Real Estate
(269) 789-0140
Listed by
Brian Fazekas · License #6506047758
(269) 209-2286
Added: Apr 15 Updated: Jul 9 at 3:27AM Checked: Jul 22 at 10:06AM
MLS# 26015495
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 brick commercial duplex offers a total of 3,640 square feet of flexible office/warehouse space, currently divided into two separate units. Each unit is approximately 1,800 square feet and includes 12-foot overhead doors and 14-foot ceilings. The building also features new furnaces and a separating firewall between the two units.
The property is located at 317 S Grand Street in Marshall, Michigan (Calhoun County). It is described as being in excellent condition and provides separate utilities for each unit.
The current layout supports either an owner-operator setup or multi-tenant occupancy, with independent unit separation and functional overhead door access suited to light warehouse and office use.
The property is located at 317 S Grand Street in Marshall, Michigan (Calhoun County). It is described as being in excellent condition and provides separate utilities for each unit.
The current layout supports either an owner-operator setup or multi-tenant occupancy, with independent unit separation and functional overhead door access suited to light warehouse and office use.
Key Highlights
- 3,640 sq ft of flexible office/warehouse space suitable for various business needs.
- Two separate units, each with approximately 1,800 sq ft, offering multi‑tenant or individual use options.
- Features 12' overhead doors and 14‑foot ceilings, ideal for warehouse or commercial operations.
Local Financial Insights For Warehouse
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 | $34.5k | $9.48 |
| − Vacancy | −$2.3k | −$0.64 |
| EGI | $32.2k | $8.84 |
| − OpEx | −$4.8k | −$1.33 |
| NOI | $27.3k | $7.51 |
3,640 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$704.6K
$616.6K – $822.1K
NOI $49,325 @ 7.0% cap · market cap 12.33%
Second Best
Office B
$572.9K
$501.3K – $668.3K
NOI $40,100 @ 7.0% cap · market cap 10.03%
Theoretical Best
Healthcare Medical
$43.18M
$37.78M – $50.38M
NOI $3,022,529 @ 7.0% cap · market cap 755.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Brick commercial duplex totaling 3,640 SF includes two units with 12' overhead doors and separate utilities.
Where is this flex space located?
The property is located at 317 S Grand Street Marshall, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3,640 sq ft of flexible office/warehouse space suitable for various business needs.; Two separate units, each with approximately 1,800 sq ft, offering multi‑tenant or individual use options.; Features **12' overhead doors and 14‑foot ceilings**, ideal for warehouse or commercial operations.
