Manufacturing Facility with 3-Phase
New
For Sale
$1,500,000
101 E Oliver Drive, Marshall, MI 49068
Commercial Sale, Marshall, MI
Property Size12,000 SF
Lot Size3.59 Acres
Price / SF$125
Days on Market3
Property Features for 101 E Oliver Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Interior features
Broadband
Elementary school district
Marshall
Middle school district
Marshall
High school district
Marshall
Standard status
Active
APN
53-003-408-00
Size
12,000 SF
Lot size
3.59 Acres
Additional Details
Property Use
Light Industrial/Manufacturing
Taxes and HOA fees
Tax Year
2026
Tax Description
LL@LO
Tax Annual Amount
17033
Legal Description
LL@LO
Utilities
Utilities
Phone Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1997
Floors in Building
1
Number of units
1
Building materials
Block, Metal Siding
Buildings
1
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate
(269) 789-0140
Listed By:
Brian Fazekas · License #6506047758
(269) 209-2286
Added: Nov 2
Last Checked: Nov 4 at 7:06AM
MLS# 26058128
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.
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Investment Insights
Based on property information with market context.
Built in 1997, this manufacturing property includes a 12,000-square-foot building on 3.59 acres. The structure has 22-foot ceilings and three 440V electrical panels, with 220V three-phase power. Block and metal siding form the exterior; the building also has forced-air heat, central air conditioning, and two bathrooms. Broadband and phone service are available.
The property is in Marshall, with access to I-94 and I-69. More than 15 parking spaces are provided, and the acreage includes greenspace as well as room for potential expansion. The combination of building area, electrical capacity, parking, and land supports a range of industrial operations.
The property is in Marshall, with access to I-94 and I-69. More than 15 parking spaces are provided, and the acreage includes greenspace as well as room for potential expansion. The combination of building area, electrical capacity, parking, and land supports a range of industrial operations.
Key Highlights
- 12,000‑square‑foot manufacturing building on 3.59 acres
- 22‑foot ceiling height
- Three 440V electrical panels and 220V three‑phase power
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - The site combines industrial building space with room for outdoor area and potential expansion.
Where is this manufacturing property located?
The property is located at 101 E Oliver Drive 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: 12,000‑square‑foot manufacturing building on 3.59 acres; 22‑foot ceiling height; Three 440V electrical panels and 220V three‑phase power
