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

    VL Partello rd Marshall, MI 49068

    View on Map
    For Sale
    $2,500,000

    LAND - Marshall, MI

    Lot size:
    50.18 Acres
    Added:
    Jul 31, 2025
    Days on Market:
    251
    Last Refresh:
    Apr 7 at 3:06 am

    Property Features for VL Partello rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    15-201-012-00
    Lot size
    50.18 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    Long legal see documents for full legal
    Tax Annual Amount
    3941

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Matthew Miller
    Matthew Miller

    Listing agent Matthew Miller License #6501432246

    Listing office Real Broker, LLC 250 Monroe Ave NW #400, Ann Arbor, MI

    Listing date Jul 31, 2025

    MLS# 25038303

    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.

    Overview

    50-Acre Land Near Blue Oval

    This 50.18-acre vacant land is located just outside Marshall, Michigan, offering convenient access to I94 and I69. Situated approximately 4 miles from the Blue Oval Battery Park, Michigan, the property presents an opportunity for developers. It features 2400 feet of road frontage and benefits from low township taxes. The expansive landscape is suitable for residential development and new home construction. Its strategic placement allows entrepreneurs and investors to capitalize on nearby developments. The current zoning allows for Planned unit development. Permission is required to access the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Marshall
    County
    Calhoun
    State
    Michigan
    Longitude
    -84.925854
    Latitude
    42.284772

    Nearby Similar for Sale

    • $2,000,000
      45,985 SF

      Industrial Facility with Office Space

      45,985 SF industrial/manufacturing facility with leased office space.
      1507 S Kalamazoo Avenue, Marshall, MI 49068
      View Details
    • $450,000
      4,373 SF

      Mixed-Use Property in Marshall, MI

      Mixed-use property with residential and commercial spaces for sale.
      207 Exchange Street, Marshall, MI 49068
      View Details
    • $150,000
      1,680 SF

      Marshall Restaurant Opportunity For Sale

      Iconic restaurant with equipment in rapidly expanding Marshall, Michigan.
      113 E Michigan Avenue, Marshall, MI 49068
      View Details
    • $750,000
      3,680 SF

      Commercial Building Near Ford Park

      Commercial building on 1.03 acres, near Ford BlueOval Battery Park.
      13995 W Michigan Avenue, Marshall, MI 49068
      View Details
    • $5,000,000
      103,751 SF

      Marshall Industrial Facility For Sale

      103,000 sq ft industrial facility in Marshall, Michigan.
      205 Oliver Drive, Marshall, MI 49068
      View Details
    • $349,500

      Well-Maintained Marshall Fourplex Investment

      Four-unit property with updated kitchens and renovated baths.
      222 N Eagle Street, Marshall, MI 49068
      View Details
    • $139,900

      Land with Pole Barn

      13+ acres near Turkeyville, Wilson's Farm, and I-69.
      15800 N Drive N, Marshall, MI 49068
      View Details
    • $34,000

      Residential Land Near Golf Course

      0.55-acre lot in golf course community, Marshall, Michigan.
      Clubhouse Drive unit: 7, Marshall, MI 49068
      View Details
    • $250,000

      Picturesque Land Parcel in Marshall

      Land with mature trees, clearing, and creek near local conveniences.
      741 Montgomery Street, Marshall, MI 49068
      View Details
    • $59,900

      Marshall, MI Building Lot

      Building lot in Marshall Township with wildlife views.
      Oak Ridge Hills unit: 7, Marshall, MI 49068
      View Details
    • $57,500

      Residential Land in Upscale Subdivision

      Wooded 1.17-acre lot in Kesselwood II, Marshall, Michigan.
      # Garrett Way unit: 17, Marshall, MI 49068
      View Details
    • $990,000

      Marshall, MI Hunting/Farmland Opportunity

      66.34 acres of hunting and farmland near Blue Oval facility.
      Homer Road, Marshall, MI 49068
      View Details

    FAQs

    What type of property is this?
    Land - 50-acre vacant land near Marshall, MI, ideal for development.
    Where is this land located?
    The property is located at VL Partello rd Marshall, MI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 50‑acre vacant land ideal for residential development or investment.; Prime location near Marshall, with easy access to I94 and I69.; Only 4 miles from the Blue Oval Battery Park, Michigan.
    (269) 267-7406
    We can help!
    Listing Contact
    Matthew Miller
    Matthew Miller
    Real Estate License ID: 6501432246
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!