Versatile Flex Building with
126 West Drive N Marshall, MI 49068
126 West Drive N, Marshall, MI, 49068
$850,000
For Sale
$850,000
Built in 1992 with finished office and unfinished space, plus 40 dedicated parking spaces on a 3/4+ acre lot.
Property Size9,000 SF
Lot Size0.75 Acres
Price / SF$94.44
Days on Market15
Property Features for 126 West Drive N
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 0.75 Acres
- Property subtype
- Business Opportunity
Building Details
- Year Built
- 1992
Listing agency
Berkshire Hathaway HomeServices Michigan Real Estate
(269) 209-4076
Listed by
Carole Shapiro · License #6506033200
(269) 209-4076
Source
Homesforsaleinmich
Added: Jul 7 Updated: Jul 21 at 9:41AM Checked: Jul 21 at 9:41AM
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
Investment Insights
Based on property information with market context.
This commercial flex building, built in 1992, offers a mix of finished interior space and an unfinished area that can be adapted to a buyer’s plans. The property includes 3,500+ square feet of finished space and an additional 9,000 square foot building footprint, with power listed as 220x110 and a floor load of 6,000. With the unfinished portion ready for customization, the layout supports multiple commercial use types, including professional offices, restaurant, retail/showroom, fitness, or recreational uses, subject to applicable requirements.
The building sits on over 3/4 of an acre and provides 40 dedicated parking spaces. Public remarks describe the location as high-traffic, intended to support visibility for a range of businesses. The property is offered for sale at $850,000.
The building sits on over 3/4 of an acre and provides 40 dedicated parking spaces. Public remarks describe the location as high-traffic, intended to support visibility for a range of businesses. The property is offered for sale at $850,000.
Key Highlights
- 9,000 SF commercial building built in 1992 with 3,500+ SF finished interior space
- Over 3/4‑acre lot with 40 dedicated parking spaces
- Versatile interior layout suitable for professional offices, restaurant, retail/showroom, fitness, or recreational uses
Local Financial Insights For Industrial
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 | $85.3k | $9.48 |
| − Vacancy | −$5.8k | −$0.64 |
| EGI | $79.5k | $8.84 |
| − OpEx | −$23.9k | −$2.65 |
| NOI | $55.7k | $6.18 |
9,000 SF · lease $9.48/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.74M
$1.52M – $2.03M
NOI $121,957 @ 7.0% cap · market cap 14.35%
Second Best
Office B
$1.42M
$1.24M – $1.65M
NOI $99,147 @ 7.0% cap · market cap 11.66%
Theoretical Best
Healthcare Medical
$106.76M
$93.42M – $124.55M
NOI $7,473,286 @ 7.0% cap · market cap 879.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Marshall Judo & Jiu ...
Training Center
Auto-Lab Complete Car ...
Auto Repair Shop
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FAQs
What type of property is this?
Flex space - Built in 1992 with finished office and unfinished space, plus 40 dedicated parking spaces on a 3/4+ acre lot.
Where is this flex space located?
The property is located at 126 West Drive N Marshall, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 9,000 SF commercial building built in 1992 with 3,500+ SF finished interior space; Over 3/4‑acre lot with 40 dedicated parking spaces; Versatile interior layout suitable for professional offices, restaurant, retail/showroom, fitness, or recreational uses
