Versatile Flex
For Sale
$700,000
126 West Drive N, Marshall, MI 49068
Commercial Sale, Marshall, MI
Property Size9,000 SF
Lot Size0.73 Acres
Price / SF$77.78
Days on Market92
Property Features for 126 West Drive N
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
40
Interior features
Broadband
Elementary school district
Marshall
Middle school district
Marshall
High school district
Marshall
Standard status
Active
APN
53-004-909-06
Size
9,000 SF
Lot size
0.73 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LL@LO
Tax Annual Amount
10911
Legal Description
LL@LO
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1992
Number of units
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate
(269) 789-0140
Listed By:
Carole Shapiro · License #6506033200
(269) 209-4076
Added: Jul 7
Changed: Sep 12
Last Checked: Oct 6 at 12:06PM
MLS# 26034175
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.
Investment Insights
Based on property information with market context.
This 9,000-square-foot flex property was built in 1992 and includes more than 3,500 square feet of finished interior space. The balance is unfinished, allowing the layout to be adapted for professional offices, restaurant, retail or showroom operations, fitness, and recreational uses. The building has metal siding, a metal roof, forced-air heat, central air, broadband, and two bathrooms.
Located at 126 West Drive N in Marshall, Michigan, the property includes 40 dedicated parking spaces. Its commercial building format combines finished areas with additional unfinished space, offering a range of configuration possibilities within the existing structure.
Located at 126 West Drive N in Marshall, Michigan, the property includes 40 dedicated parking spaces. Its commercial building format combines finished areas with additional unfinished space, offering a range of configuration possibilities within the existing structure.
Key Highlights
- 9,000‑square‑foot building constructed in 1992
- More than 3,500 square feet of finished interior space
- 40 dedicated parking spaces
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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Metal-sided commercial building with finished offices and unfinished area for office, retail, restaurant, fitness, or recreational use.
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 $700,000.
What are key features of this property?
This property features: 9,000‑square‑foot building constructed in 1992; More than 3,500 square feet of finished interior space; 40 dedicated parking spaces
