Manufacturing Facility with 3-Phase
New
For Sale
$1,500,000
101 E Oliver Dr, Marshall, MI 49068
A 3.59-acre industrial site pairs substantial electrical capacity with outdoor area for business operations.
Property Size12,000 SF
Lot Size3.59 Acres
Price / SF$125
Days on Market5
Property Features for 101 E Oliver Dr
General Information
Standard status
Active
Size
12,000 SF
Lot size
3.59 Acres
Warehouse & Industrial
Clear Height
22 ft
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Property Use
Manufacturing
Taxes and HOA fees
Annual Taxes
$17,032
Building Details
Building Size
12,000 SF
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate
(269) 789-0140
Listed By:
Brian Fazekas · License #6506047758
(269) 209-2286
Source:
Exprealty
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Michigan Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This manufacturing property in Marshall contains approximately 12,000 square feet on a 3.59-acre parcel. The building has 22-foot ceiling heights and three 440V electrical panels, along with 220V, 3-phase power. More than 15 parking spaces serve the site, which also includes greenspace and land that may allow for expansion.
Access to I-94 and I-69 connects the property with regional transportation routes. The combination of building area, electrical service, ceiling height, parking and acreage supports a range of industrial operations.
Access to I-94 and I-69 connects the property with regional transportation routes. The combination of building area, electrical service, ceiling height, parking and acreage supports a range of industrial operations.
Key Highlights
- Approximately 12,000 square feet of industrial building area
- 3.59‑acre site with greenspace and potential expansion area
- 22‑foot ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,121
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,802,420
$1.8M
Cap Rate 7%
$1,287,443
$1.3M
Cap Rate 9%
$1,001,344
$1.0M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$113.8K $9.48/SF
− Vacancy
−$7.7K −$0.64/SF
EGI
$106.0K $8.84/SF
− OpEx
−$15.9K −$1.33/SF
NOI
$90.1K $7.51/SF
Area
Calhoun County, MI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,802,420
Cap Rate 7%
$1,287,443
Cap Rate 9%
$1,001,344
Alternative Uses
Best Use
Warehouse
$1.29M
$1.13M – $1.50M
NOI $90,121 @ 7.0% cap · market cap 6.01%
Second Best
Industrial
$1.06M
$927.7K – $1.24M
NOI $74,217 @ 7.0% cap · market cap 4.95%
Theoretical Best
Healthcare Medical
$142.35M
$124.55M – $166.07M
NOI $9,964,381 @ 7.0% cap · market cap 664.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
22 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - A 3.59-acre industrial site pairs substantial electrical capacity with outdoor area for business operations.
Where is this manufacturing property located?
The property is located at 101 E Oliver Dr Marshall, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 12,000 square feet of industrial building area; 3.59‑acre site with greenspace and potential expansion area; 22‑foot ceiling heights
