Auto Shop with
For Sale
$750,000
13995 W Michigan Avenue, Marshall, MI 49068
Automotive property with a showroom, service workshop, storage room, and fenced outdoor storage area.
Property Size3,680 SF
Lot Size1.03 Acres
Price / SF$203.80
Days on Market26
Property Features for 13995 W Michigan Avenue
General Information
Standard status
Active
Size
3,680 SF
Total Parking Spaces
15
Lot size
1.03 Acres
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$2,454
Amenities
Central air
half bath
Building Details
Building Size
3,680 SF
Year Built
1980
Buildings
1
Stories
3680
Units
1
Listing Agency:
Harrington Real Estate Group
(269) 964-5182
Listed By:
Scott T Harrington · License #6502363056
Source:
Erareardonrealty
Added: Aug 5
Changed: Aug 29
Last Checked: Aug 29 at 2:13PM
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 Harrington Real Estate Group
Investment Insights
Based on property information with market context.
Configured as an automotive detail shop, this 3,680-square-foot commercial building includes a showroom with extensive windows and lighting, a workshop, and a large storage room. The workshop and storage area each feature an overhead door. Additional improvements include central air, a half bath, paved parking for at least 15 cars, and a fenced outdoor storage area. Built in 1980, the property occupies 1.03 acres.
The building is located at 13995 W Michigan Avenue in Marshall, Michigan, directly opposite the Ford BlueOval Battery Park. Its position provides a clear relationship to the industrial facility and the surrounding infrastructure associated with the plant.
The building is located at 13995 W Michigan Avenue in Marshall, Michigan, directly opposite the Ford BlueOval Battery Park. Its position provides a clear relationship to the industrial facility and the surrounding infrastructure associated with the plant.
Key Highlights
- 3,680‑square‑foot automotive building on a 1.03‑acre site
- Showroom includes abundant windows and lighting
- Workshop and large storage room equipped with overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,202
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$764,040
$764.0K
Cap Rate 7%
$545,743
$545.7K
Cap Rate 9%
$424,467
$424.5K
Market Conditions
NOI Build-Up for 3,680 SF
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.
Gross rent
$57.0K $15.48/SF
− Vacancy
−$2.4K −$0.65/SF
EGI
$54.6K $14.83/SF
− OpEx
−$16.4K −$4.45/SF
NOI
$38.2K $10.38/SF
Area
Calhoun County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$764,040
Cap Rate 7%
$545,743
Cap Rate 9%
$424,467
Alternative Uses
Best Use
Retail
$545.7K
$477.5K – $636.7K
NOI $38,202 @ 7.0% cap · market cap 5.09%
Second Best
Industrial
$325.1K
$284.5K – $379.3K
NOI $22,760 @ 7.0% cap · market cap 3.03%
Theoretical Best
Healthcare Medical
$43.65M
$38.20M – $50.93M
NOI $3,055,743 @ 7.0% cap · market cap 407.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property with a showroom, service workshop, storage room, and fenced outdoor storage area.
Where is this auto shop located?
The property is located at 13995 W Michigan Avenue Marshall, MI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,680‑square‑foot automotive building on a 1.03‑acre site; Showroom includes abundant windows and lighting; Workshop and large storage room equipped with overhead doors
