Flex Building with
For Sale
$700,000
126 West Dr N, Marshall, MI 49068
Built in 1992, the property combines finished offices with unfinished space for adaptable commercial layouts.
Property Size9,000 SF
Lot Size0.75 Acres
Price / SF$77.78
Days on Market82
Property Features for 126 West Dr N
General Information
Standard status
Active
Size
9,000 SF
Total Parking Spaces
40
Lot size
0.75 Acres
Additional Details
Asking Price
$700,000
Building Details
Year Built
1992
Buildings
1
Building Size
9,000 SF
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate
Listed By:
Carole Shapiro · License #6506033200
(269) 781-9111
Source:
Katie-k
Added: Aug 8
Changed: Oct 25
Last Checked: Oct 7 at 1:09PM
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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Investment Insights
Based on property information with market context.
This flex space at 126 West Drive in Marshall, Michigan, contains 9,000 square feet within a metal-sided commercial building constructed in 1992. More than 3,500 square feet is finished interior area, while the remaining space is unfinished and available for configuration. The layout can support office, restaurant, retail or showroom, fitness, and recreational uses as described in the property information.
The building sits on over 3/4 of an acre and includes 40 dedicated parking spaces. The site is served by a paved road, with parcel dimensions of 239.89x135x230x135. Its combination of finished and unfinished areas provides a range of options for an owner or operator seeking flexible commercial space.
The building sits on over 3/4 of an acre and includes 40 dedicated parking spaces. The site is served by a paved road, with parcel dimensions of 239.89x135x230x135. Its combination of finished and unfinished areas provides a range of options for an owner or operator seeking flexible commercial space.
Key Highlights
- 9,000‑square‑foot flex building constructed in 1992
- Over 3/4 of an acre with 40 dedicated parking spaces
- More than 3,500 square feet of finished interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,663
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,260
$1.1M
Cap Rate 7%
$795,186
$795.2K
Cap Rate 9%
$618,478
$618.5K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$85.3K $9.48/SF
− Vacancy
−$5.8K −$0.64/SF
EGI
$79.5K $8.84/SF
− OpEx
−$23.9K −$2.65/SF
NOI
$55.7K $6.18/SF
Area
Calhoun County, MI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,260
Cap Rate 7%
$795,186
Cap Rate 9%
$618,478
Alternative Uses
Best Use
Flex RnD
$1.74M
$1.52M – $2.03M
NOI $121,957 @ 7.0% cap · market cap 17.42%
Second Best
Industrial
$795.2K
$695.8K – $927.7K
NOI $55,663 @ 7.0% cap · market cap 7.95%
Theoretical Best
Healthcare Medical
$106.76M
$93.42M – $124.55M
NOI $7,473,286 @ 7.0% cap · market cap 1,067.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Balanced
Demand for This Use
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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?
Flex space - Built in 1992, the property combines finished offices with unfinished space for adaptable commercial layouts.
Where is this flex space located?
The property is located at 126 West Dr N Marshall, MI.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 9,000‑square‑foot flex building constructed in 1992; Over 3/4 of an acre with 40 dedicated parking spaces; More than 3,500 square feet of finished interior space
