Property profile

1507 Kalamazoo Ave Marshall, MI 49068

OFF-MARKET
Other industrial properties
Property ID
US43-2506235
59,916 SF 5.58 ac lot Built 2001
Entity Owned 4-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is a 45,985-square-foot industrial and manufacturing facility on a 5.58-acre parcel within Brooks Industrial Park in Marshall, Michigan, with an additional 15,930-square-foot mezzanine. Built in 2001, the masonry-and-steel structure includes approximately 16,000 square feet of office space featuring open work areas, conference rooms, and finished interiors, and an industrial/manufacturing area of about 30,000 square feet. The industrial portion provides heavy electrical service with a 3,000-amp electrical supply, a backup generator, ceiling heights ranging from 14 to 27 feet, a 6-inch poured concrete floor rated at 250 PSF, LED lighting, and a fire suppression system. Loading and access are served by one loading dock with a leveler and four grade-level overhead doors. The site includes access drives and monument signage with frontage from both S. Kalamazoo Ave. and Adams Ave., 115 parking spaces (including five barrier-free spaces), and a partially fenced outdoor storage area with potential for expansion. The facility is adjacent to Brooks Field, located within about three miles of the I-69 and W. Michigan Ave. interchange and approximately five miles of I-94 and Ford’s BlueOval Battery Park Michigan. It is zoned I-1 Research & Manufacturing in the City of Marshall.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 2001
Total area 59,916 SF
Lot 5.58 ac (243,065 SF)
Zoning code I-1
APN 53-003-454-00
UPID US43-2506235

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office

Location

1507 Kalamazoo Ave Marshall, MI 49068-8310
Marshall metro Census 4000 BATTLE CREEK, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.04M
Blend (final) Blend
$855k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

I-1 · Marshall, MI
Zoning description

3.19 I-1 DEVELOPMENT REQUIREMENTS To ensure compatibility with the intent and purpose of the I -1 (Research and Manufacturing) district, all uses and principal and accessory buildings and structures in the district shall…

General category INDUSTRIAL
Top alternative use upside
Restaurant $5.0M +152.3%
Office building $4.1M +105.6%
Retail stores $3.7M +87.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1507 Kalamazoo Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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